Whether you’re trying to get pending business placed before the end of the year or trying to get ahead for 2020, this time of year can be stressful. During this hectic time, it can help to slow down a little and reflect on the past year and all the accomplishments we have made.
As a reminder, the following holiday schedule and year-end business processing guidelines will help expedite your business during this time.
The Internal Revenue Service (IRS) recently announced upcoming changes to the per diem limitations for periodic payments received under qualified long-term care insurance policies and certain life insurance policies which offer accelerated death benefits for chronic illness care.
Don’t forget! The new Suitability and Best Interests in Life Insurance and Annuity Transactions regulation, formerly known as “New York Insurance Regulation 187,” goes into effect for life insurance February 1, 2020.
Protective Life is dedicated to providing quality service, building trust and simplifying everything for you and our mutual customers. As part of that effort, we want to ensure that you stay informed about important changes that impact the processing of your business. Please review the following information regarding enhancements to Protective Life’s Annuity Suitability Program.
At Protective Life, delivering what’s promised is a decision — one we make every day — and doing the right thing is the foundation of everything we do. Therefore, we want to inform you about a key change in the state of Oklahoma. Effective November 1, 2019, Oklahoma revised their Appointment of Producer Licensing Act (36 Ok St. Ann 1435.15) to make pre-appointment required for all agents selling life and annuity business.
We will be reducing our cap rate and illustrated rate on Protective Indexed ChoiceSM UL. Learn more about what to expect and when the changes will take effect.
As we near the end of the year, the following holiday schedule and year-end business processing guidelines will help expedite your business during this time.
With the fourth quarter already underway and the end of the year right around the corner, getting last minute business in can be tough. Luckily, there are a few things you can do to help increase the chances of converting submitted applications to placed business by year-end.
Today’s seniors are living longer, and that added longevity is putting stress on even the most carefully considered retirement plans. Help seniors plan smarter by starting conversations about the need for guaranteed income with our free resources.