Exciting new index interest crediting strategy AVAILABLE DECEMBER 1, 2014 for the Power Select Plus Income℠ and Power Select Builder℠ Index Annuities – don’t forget to complete your NAIC product training.
If you have not had the chance to complete the new Power Select Plus Income℠ and Power Select Builder℠ index annuities NAIC training requirement that was announced yesterday, please take this opportunity to complete your training. With the rollout of this new strategy, you will be required to complete the updated NAIC training that has the new hybrid strategy information. This requirement is effective for all applications dated December 1, 2014 and later.
Effective December 1, 2014 if business is submitted prior to taking the new training, you will need to complete the training and have the client re-sign and date the new business paperwork. This holds true even if the client does not elect the new hybrid strategy. Please take this opportunity to complete your training. Click the “Learn more” button for step-by-step instructions for taking the training, then access the Quest CE training here.
Note: Please check state availability for the new strategy.
For more information, contact your CreativeOne sales team at 800.992.2642 or click here.
Lifetime Income Plus is automatically included with the Power Select Plus Income contract for an annual fee of 1.10% of the Income Base.
Important notes: Index annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the claims-paying ability of the issuing insurance company. They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Index annuities may not be suitable or appropriate for all clients.
Withdrawals may be subject to withdrawal charges. Withdrawal may also be subject to federal and/or state income taxes. An additional 10% federal tax may apply if clients make withdrawals or surrender their annuity before age 59 ½.
Index Annuities issued by American General Life Insurance Company (AGL), 2727-A Allen Parkway, Houston, Texas 77019. Contract number: AG-801 (12/12). Rider form numbers: AGE-8000 (12/12), AGE-8002 (9/13), AGE-8003 (12/12), AGE -8007 (12/12), AGE-8008 (12/12), AGE-8009 (12/12) and AGE-8024 (9/13). AGL does not solicit business in the state of New York. Annuities and riders may vary by state and are not available in all states. AGL is a member of the American International Group, Inc. (AIG) family of financial services companies. All contract and optional guarantees are guaranteed by the claims-paying ability of AGL and are not the responsibility of AIG.
FOR AGENT USE ONLY. NOT FOR DISSEMINATION TO THE PUBLIC.
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