July 2012 - Creative Edge

Nacolah Comp/bonus Changes

Effective August 9, North American will decrease compensation rates on several annuity products and lower the premium bonus on several annuity products. Those products impacted by the change are the Precision series, Prizim Plus series, Charter series, Performance Choice series, Performance Choice Plus series, NA Pillar and NA Ten. For state specific details and new rates, contact your Sales Consultant. 800.992.2642

Related terms: Sales Notes

New Liquidity Alternative

For clients looking for solid accumulation potential and competitive rates who want to maintain access to their money during volatile times, consider Athene’s new MaxRate 5 & 7 Enhanced Liquidity MYGAs. These products offer liquidity for RMDs, systematics, confinement, terminal illness and 10% free withdrawals after the first contract year with first-year interest rates as high as 3.75%. Call your Sales Consultant for more information. 800.992.2642

Related terms: Sales Notes

Commission Reduction Notice

Effective July 23, ING will implement a 10% reduction in commission payouts for all contracts received on the following annuity products: Secure Index Secure Index Opportunities Plus, Secure Index Seven, Secure Index Five, Secure Index Outlook and Envoy Nine. For example, if a product currently offers a 5.00% commission, the new payout will be 4.50%. For more information, contact your Sales Consultant. 800.992.2642

Related terms: Sales Notes