Magellan Financial

Changes to North American Income Pay Rider

admin — Thu, 15 Mar 2012 17:11:57 +0000

Questions about changes in North American’s Income Pay Rider? See the new rider options below or contact your marketer at 866-779-3553.

Income Pay^® Optional Guaranteed Lifetime Withdrawal Benefit (GLWB) Rider

Our GLWB rider now offers your clients three Bonus Credit options!

Guaranteed Lifetime Income
Three Bonus Credit Options¹

7.00% Bonus Credit for 10 years with a cost of 0.95%
(reset opportunity upon step-up)²
6.75% Bonus Credit for 10 years with a cost of 0.95%
(option to extend for additional 10 years. If Bonus Credit period extended, cost may increase not to exceed maximum amount of 1.50%)
5.50% Bonus Credit for life with a cost of 0.40%

Join Aviva in South Africa 2013

admin — Thu, 15 Mar 2012 17:03:19 +0000

Aviva has announced the trip of a lifetime for qualifying producers. All paid life and annuity business from January 1, 2012 – December 31, 2012 will count towards qualifying you for this amazing trip.

Find out all the details here>>

Excerpt from Aviva’s website:
“Come celebrate the dedication and excellence of Aviva’s top producers in breathtaking South Africa.
Take a walk on the wild side as you journey into the African savannah where you will enjoy spectacular scenery, exotic wildlife and first-class accommodations. This is a destination you won’t want to miss.”

Magellan’s New Home Office Address

admin — Thu, 15 Mar 2012 05:01:24 +0000

On February 27th, 2012 we will be moving our home office operations to a new location in Topeka, Kansas. Please update your mailing address and send all correspondence to the new address if it will be arriving after the date listed above.

For questions, call us directly at 1-866-779-3553.

Old Address:
5640 SW 29th St
Topeka, KS 66614

New Address:
5605 SW Barrington Ct.
Suite #100
Topeka, KS 66614

Magellan Announces 2013 Incentive Trip

admin — Thu, 15 Mar 2012 04:49:45 +0000

Magellan is once again rewarding our partners with an exclusive, all expenses paid trip to paradise in 2013. Join us at the Riu Palace in Cabo San Lucas. To view more details and find out how to qualify, visit the incentives page of our website.

*All life and annuity business issued and paid from January 1 – December 31, 2012 will count towards the trip.

North American Rate Changes – Effective Feb 24th

admin — Tue, 21 Feb 2012 17:08:39 +0000

Due to the continued low interest rate environment, North American Annuity will be adjusting rates down on several products effective February 24th. Please read the attached agent notice to make sure you are aware of important deadlines to submit and process business.

Read the bulletin here>>

If you have any questions, please call Magellan Financial at 866-779-3553 or submit a request on line using the form.

North American Increases Rollup To 8%

admin — Tue, 17 Jan 2012 20:43:06 +0000

To begin 2012, North American Annuity has announced some exciting new changes to their Lifetime Income Benefit Rider. There are now two options available on most 7, 10 and 14 year indexed annuities. The first is a 6% compound rollup that lasts for the life of the contract and costs 35bps. The second is a 8% rollup that lasts 10 years and costs 95 bps. This makes North American one of the most competitive carriers when it comes to maximizing income for your clients. Request a proposal online or call your marketer at 1-866-779-3553 for more details.

North American Interest Rate Changes Interest rate changes and Income Pay® changes are effective November 16, 2011.

admin — Mon, 14 Nov 2011 12:57:43 +0000

Download the newly updated rate sheet and a new brochure is now available for the Guaranteed Lifetime Withdrawal Benefit Rider. Click here to view details.

Aviva Pulling Multi Choice Fixed Single Premium Life Effective 10/1

admin — Tue, 06 Sep 2011 11:56:44 +0000

Aviva is decreasing caps, crediting and illustrated rates on our Multi Choice Indexed Single Premium Life, effective October 1, 2011.

Rates for the MultiChoice Indexed SPL will be as follows:

One-Year Point-to-Point Strategy:

The Cap Rate will decrease from 7% to 6%.
The Illustrated Rate will decrease from to 4.9% to 4.25%.

One-Year Monthly Average Strategy:

The Cap Rate will decrease from 8% to 7%.
The Illustrated Rate will decrease from 4.70% to 4.30%.

Basic Interest Strategy:

The crediting rate will decrease from 3.5% to 3%.

Monthly Cap Strategy:

The Illustrated Rate will decrease from 6.05% to 4.90.
The Cap Rate will decrease from 3% to 2.50%.

The new rates will apply to all new Indexed Single Premium life business with issue effective dates of October 1, 2011, and after. The new rates will also apply to any new money contributed after September 30 to inforce Single Premium Life policies.

We will begin illustrating the reduced caps and rates starting September 1, 2011 in LPSS and WinFlex.

West Coast Life is now Protective Life

admin — Tue, 06 Sep 2011 11:56:05 +0000

West Coast Life is being merged into Protective Life. Protective Life offers the same exact underwriting , rates, products as West Coast Life. An agent who is currently licensed with West Coast Life can still write them(until 12.1.11), but agents … Continue reading →

Important Changes to the Allianz MasterDex X Annuity

admin — Mon, 18 Jul 2011 06:03:27 +0000

Allianz MasterDex X® Annuity changes effective Tuesday, August 2, 2011:

• The premium bonus will decrease from 8% to 7%.
• The guaranteed minimum value (GMV) interest rate will be reduced from 2.25% to 2.05% in all states except DE, IA, and TX.1

Applications must be received on or before Monday, August 1 at 5:00 p.m. Central time to receive the higher bonus and GMV interest rate.

Click here to view details.

1. GMV will remain at 2.50% in DE, IA, and TX.