Latest Carrier News & Product Information
Welcome to RD Marketing Group's Latest Carrier News & Product Information page. This page will be updated often with the latest and greatest in product highlights. We will also feature conference calls that we feel you will benefit from. If you see something that interests you, please call us at 800-224-4183.
Upcoming Conference Calls
RD Marketing Group will be hosting monthly conference calls every Wednesday of the month at 9am.
Following is a list of up coming dates and topics:
September 15, 2010 Genworth-Long Term Care
October 20, 2010 Royal Bank of Canada
November 17, 2010- Lincoln Financial-Annuities
Lincoln Financial Group ~ The Unfair Advantage Conference Call Series
Learn how to differentiate yourself through an unfair advantage. Click here for bulletin
This conference call series focuses on advanced planning concepts that present you with new innovative solutions for your clients.
This call in number and access code will be the same for all calls
Call info: 1.888.419.5570 Access code: 89133769
*Nonnatural Owners ~ 9/9/2010 @ 2:00pm EST
*Annuity Gifting ~ 9/13/2010 @ 2:00pm EST
*Pre-59 1/2 Distributions ~ 9/30/2010 @ 11:00am EST
*Multigenerational Income Strategies ~ 10/4/2010 @2:00pm EST
*Nonspousal Arrangements ~ 10/15/2010 @ 2:00pm EST
*Special needs Trusts ~ 11/5/2010 @ 2:00pm EST
*Income for Corportations, Foundations & Charitable Trusts 11/19/2010 @ 2:00 pm EST
Protective ~ Income Provider Option webinar, Tuesday September 28, 2010 @ 1:00pm CDT / 2:00pm EDT.
Call in number 1.888.261.2046 Conference ID #2052683794
This no-cost option is available to purchasers of Universal Life & Variable Universal Life products.
For more information click here.
Carrier News & Product Highlight
August 23, 2010 - Lincoln Financial Group introduces DurationGuarantee UL. Effective August 16, 2010, Lincoln is proud to announce a new product addition to its Universal Life Portfolio. Click here for full details.
August 12, 2010 - Prudential ROP term has been re-priced effective Aug 16, 2010 and a new $500,000 band has been added. Click here for the transition rules. For product changes click here.
August 9, 2010 - West Coast Life has introduced the Life Income Provider Option for the universal life contract. This no cost endorsement afford policy owner the opportunity to designate that death benefit proceeds are paid out in a series of monthly or annual payments. An initial lump sum provision is also included. click here for full details.
August 5, 2010 - Sun Life has announced that effective August 4, 2010 that they are withdrawing from the No Lapse Guarantee marketplace. Click here to review the transition bulletin.
July 30, 2010 - Transamerica offers qualifying clients TOP 15 & TOP 25 Program an easier way to increase or extend their existing Term Life coverage. For full bulletin click here.
July 30, 2010 - John Hancock offers an easier way to submit Term applications, eApplication. Easy to understand screens walk you through the application process. For more information click here. For John Hancock eApplication Q & A, click here.
July 29, 2010 - ~COMMISSION UPDATE~Effective August 1, 2010 American National has established new rules for Term Conversions as follows:
For Term Conversions prior to the second anniversary of the term policy the following rules apply:
1. First-year commission rates apply to only the excess of the new permanent plan commissionable premium over the term plan commissionable premium.
2. Production credit will be earned only to the extent that the production credit on the new permanent plan exceeds the production credit received on the term plan.
Term Conversions after the second policy anniversary the following rule applies:
1. After two full annual premiums have been received, the Term Conversion is fully eligible for the first-year commission and production credit.
Production Credit for Policies on Producers' Relatives - Effective Aug 1, 2010, life insurance insuring the relatives of any producing agent in the hierarchy associated with the policy will be ineligible for production credit until those policies have paid two full annual premiums. If you have any questions contact us at 1.800.224.4183.
July 29, 2010 - West Coast Life now offers a new distinctive lower cost initial level premium option. Mod25 can save your clients up to 25% off their initial premiums for guaranteed coverage. For more information click here.
July 19, 2010 - North American announces current interest rate improvements for their indexed insurance products effective July 23, 2010. Click here for the full bulletin.
