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AIG Life & Retirement Is Now Corebridge Financial
We are excited to announce that AIG Life & Retirement is now Corebridge Financial, a $350 billion New York Stock Exchange publicly traded company. The names of the underlying life insurance companies - American General, United States Life of NY & VALIC - will remain the same.
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OPTerm Rates Reduced Effective 9/16/22
Effective September 16, 2022, more reductions across all classes mean more #1 pricing than any other carrier. Changes to level period premium rates across level term periods (10, 15, 20, 25, 30 and 35 years). Both annual and monthly rates are highly competitive.
Classes: All classes
Bands: All bands
Policy fee: No change
Modal Factor: No change
Compensation: No change
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Insuring International Clients
Business, trade and even families are more international than ever. Three types of international risks are insurable: international travelers, foreign nationals living legally in the U.S., and foreign nationals who reside abroad. All present opportunities.
Foreign nationals tend to favor whole life for its cash value growth and as a currency hedge. MassMutual is clearly a leader in quality high cash value whole life, and is a name with international recognition. This is a major market for you to consider for high net worth foreign residents with commerce and family ties to the United States.
Consider the other categories as well-- U.S. citizens with international travel and, of course, foreign nationals as permanent residents in the U.S. MassMutual is a leader in all.
Here are the newest versions of MassMutual's foreign national underwriting guidelines:
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Offer your clients up to 4.80% Guaranteed for 6 Years
Offer your clients up to 4.80% guaranteed for 6 years from Oceanview Life and Annuity with the Harbourview MGYA 6 (rates lower in California). The Harbourview MGYA offers 10% penalty-free withdrawals after the first year, has no penalties at death and is issued to age 89 will full commissions paid through age 79.
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New Lower Rates for Classic Choice Term Effective September 12, 2022
Protective has introduced new rates for Classic Choice Term effective September 12, 2022. With these new lower prices, Protective's Classic Choice Term is in the top 3, 87% of the time (monthly pay scenarios). Protective is dedicated to offering one of the top term products in the market. Couple these new rates with the Protective Velocity suite of digital solutions and your qualifying clients will experience an expedited process that is second to none.
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Life Insurance Awareness Month
September is Life Insurance Awareness Month and Securian Financial takes an active role in supporting this industry-wide effort because helping your clients protect their future means they can better enjoy the everyday moments here and now. Their full array of tools allow you to start conversations, help clients determine their life insurance needs, and get them started on the life insurance purchase journey.
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Supplemental Income Solutions - Critical Advantage: The Perfect Compliment to Existing Coverage
You’ve told us you're interested in additional cross-selling opportunities. Mutual of Omaha’s quick-issue, limited underwriting Critical Advantage products offer a great opportunity to provide additional coverage for clients considering DI, LTCi or looking to supplement their medical coverage.
The Critical Advantage Portfolio covers a broad range of conditions that affect millions of Americans: this means that nearly every client knows someone who has been touched by these conditions.
- Approximately every 40 seconds an American suffers a heart attack or stroke.1
- Nearly 1-3 men and women will develop cancer in their lifetime.2
- There are an estimated 5.8 million people of all ages with Alzheimer’s disease in the U.S.3
1 American Heart Association, Heart Disease and Stroke Statistics, 2019
2 American Cancer Society, Cancer Facts & Figures, 2019
3 Alzheimer’s Association, 2019 Alzheimer’s Disease Facts and FiguresCrit
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Join us on Thursday, September 29, 2022
10:00 a.m. PST / 1:00 p.m. EST
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We at GBS Insurance thank you again for your business. For more information or insurance quote requests, please contact your brokerage manager or give us a call at (800) 473-5966
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For agent use only - not for use with the general public.
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Corporate License No. 0D87913
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21820 Burbank Blvd., Suite 301
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GBS Insurance and Financial Services, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
© 2022 Arthur J. Gallagher & Co.
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