Annuity – Industry Updates

July 8, 2020 – KKR is set to acquire Global Atlantic Financial Group. Click Here For Full Press Release.

July 6, 2020 – North American Agent Loyalty Program is in Effect!
North American’s Exclusive Producers Connection is in effect for the rest of 2020.
You can earn anywhere from 0.50% to 1.50% additional compensation for
FIA production until 12/31/2020, and it is retroactive! CLICK HERE FOR DETAILS
For help, contact Milner Annuity Director, Chris Long at: 800.926.9206 x 132 / chris@milnergroup.com

June 10, 2020 – North American MYGA rate special change with deadline of June 16th. For MYGA change details Click Here.

June 8, 2020 – We have added Oceanview to our rate sheet and they have taken the top spot in the 3 and 5 year MYGA options.

June 2, 2020 Fidelity National Financial completes the acquisition of Fidelity & Guarantee.

May 26, 2020Allianz Life Insurance Company of North America (Allianz) has big news. Effective June 2, 2020, they’re increasing the Protected Income Value (PIV) premium bonuses on their top two selling fixed index annuities (FIAs): The Allianz 222® Annuity PIV premium bonus1 will increase from 10% to 15%. The Allianz Benefit ControlSM Annuity PIV premium2 bonus will increase from 6% to 10%

May 21, 2020 North American’s Versa Choice has introduced an enhanced participation rate of 200% on the two-year point-to-point (Fidelity Multifactor Yield 5% ER) and a 140% participation rate on the annual point-to-point (Fidelity Multifactor Yield 5% ER).

May 13, 2020 – F&G announcing rate increase effective May 18th! Click Here for Details.

May 7, 2020 – North American has increased premium bonuses on their Charter Plus 10 and 14 starting May 12th! Contact Chris Long for details at chris@milnergroup.com

May 4, 2020AIG announces they have opened up the ability to submit e-applications!   A faster and easier way to submit an application – The FireLight order entry platform is now available for select AIG Annuities on our Connext producer portal. Applications can now be submitted faster with a more streamlined and less complicated process. 
Products available include:  American Pathway® SolutionsMYG, American Pathway VisionMYG, Power Series of Index Annuities, Power Index 7® New York For details contact Chris Long at 770-558-8904 or by e-mail at chris@milnergroup.com

April 29, 2020 – Milner Group update with good news! For first time since the start of the quarantine, March 16th, 2020, all our carrier rates held steady on the multi-year guarantee annuities. This is a sign of positive things to come as carriers start to open up more opportunities on their fixed annuities. For details on the current state of the fixed annuity market and what options are available please reach out to Chris Long at 770-558-8904

April 15, 2020Equitrust is offering a 1% Commission Increase for a limited time on Index Annuities, ChoiceFour Annuity and Single Premium Life Products. No threshold, no hurdle, no waiting period. Based on application-received date, beginning April 15, 2020 and through June 1, 2020. Commission increase excludes Certainty Select and Confidence Income Annuities. They are also offering rate increases on all their annuity products.

April 13, 2020Lincoln is suspending sales on their Lincoln Lifetime Income Edge 2.0 and I4Life rider options on their FIAs starting on 4/13/2020.  Please reach out to Chris Long at chris@milnergroup.com to learn more about some great alternative FIA income rider options.

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