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The Standard | Annuity Rate Increase on December 2, 2024

The Standard | Annuity Rate Increase on December 2, 2024

The Standard | Annuity Rate Increase on December 2, 2024
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Boost Your Income: Full Commission on Eligible Annuity Transfers

We pay full commission on most internal transfers. This applies to annuity business out of surrender, written after 2008 for clients age 85 and younger. Learn more >

Rates increasing on December 2, 2024:

Multi-Year Guarantee Annuities – Fixed Rate

  • Focused Growth Annuity crediting rates (All series)
    • +0.30% on FGA 3
    • +0.30% on FGA 5
    • +0.30% on FGA 7
    • +0.30% on FGA 10
  • Multi Choice Annuity crediting rates (All series)
    • +0.30% on MCA 3 – All withdrawal options
    • +0.30% on MCA 5 – All withdrawal options
    • +0.30% on MCA 7 – All withdrawal options
  • Total Choice Annuity crediting rates*
    • +0.30% on TCA 3 and TCA 3 with Principal Guarantee
    • +0.30% on TCA 5 and TCA 5 with Principal Guarantee
    • +0.30% on TCA 7 and TCA 7 with Principal Guarantee
  • Future Value Annuity crediting rates*
    • +0.30% on FVA 3
    • +0.30% on FVA 5
    • +0.30% on FVA 7

Fixed Index Annuities – One-Year Point-to-Point

  • Index Select Annuity (All Series)
    • Cap Rates
      • +0.75% on ISA 5
      • +0.50% on ISA 7
  • Enhanced Choice Index Plus 
    • S&P 500® Index Cap Rates and Enhanced Cap Rates
      • +0.50% on ECIP 5
      • +0.50% on ECIP 7
      • +0.50% on ECIP 10
  • Enhanced Choice Index Select*
    • S&P 500® Index Cap Rates and Enhanced Cap Rates
      • +0.50% on ECIS 5
      • +0.50% on ECIS 10

All other rates remain unchanged.

For clients to receive the current annuity rates:
For products with rates increasing — To receive new rates, premium must arrive on or after December 2, 2024.
Distributor Rate Sheets:

  1. Start at standard.com/annuities.
  2. Select your distributor in the drop-down menu or select “not affiliated with a distributor or distributor not listed.”
  3. On the right-side Resources box, select Rate Preview.

Our 45-day Rate Lock Policy 
We’ll lock a fixed interest crediting rate, cap rate or participation rate for 45 calendar days from the date we receive the original application, according to the timeline below. We don’t provide a rate lock for minimum guaranteed rates.

If we receive the expected premium within the 45-day period, your client receives the locked-in rate or the rate on the date we receive the premium ─ whichever is higher.

  • If rates are increasing: Premium must arrive on or after the date of the rate increase.
  • If rates are decreasing: Sign and date the application and all required supplemental forms before the date of the rate decrease. We must receive all documents in our home office within seven business days of the rate change, including the date of the rate change.

*Available through select distribution only.

For more information, contact a Pinnacle Financial Services representative today 1 (800) 772-6881 x7731 | sales@pfsinsurance.com
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Molina Matters | The Flexible Benefit Card

Molina Matters | The Flexible Benefit Card

Molina Matters | The Flexible Benefit Card
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New & Exciting

The Molina flexible benefit cards* are one of the top reasons beneficiaries  choose Molina Medicare plans.

For 2025, the benefits are even better.

Join one of our product training sessions to learn how this card may be just what your clients are looking for! *Card names and designs vary by plan.

For more information, contact a Pinnacle Financial Services representative today 1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881 support@pfsinsurance.com

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Protective | Transition rules update for Protective Custom Choice℠ UL

Protective | Transition rules update for Protective Custom Choice℠ UL

Protective | Transition rules update for Protective Custom Choice℠ UL
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Update on Protective Custom ChoiceSM UL discontinuation

Meet short-term coverage needs without interruption

Effective Dec. 31, 2024, new sales of Protective Custom Choice UL will be discontinued. We’ve updated the transition rules and encourage you to take two simple steps to make this a seamless transition:

Review the updated transition rules for Protective Custom Choice UL

Explore our alternative, short-term coverage solution: Protective Classic Choice term and the optional Conversion ChoiceSM rider with ExtendCareSM

For more information, contact a Pinnacle Financial Services representative today 1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881 support@pfsinsurance.com

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Global Atlantic | Important update to FIA business submission

Global Atlantic | Important update to FIA business submission

Global Atlantic | Important update to FIA business submission
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Global Atlantic to require electronic applications for fixed index annuities

Thanks to your support, this transition improved the experience for you and your clients.Today, we’re pleased to inform you that we’re taking the next step in our digital journey as we work to improve speed and ease of doing business for our firms, financial professionals, and clients.

Effective December 30, 2024, Global Atlantic will only accept electronic applications for our suite of fixed index annuity (FIA) products: ForeAccumulation II, ForeIncome II, and Income 150+ SE (inclusive of FIA advisory products). Note that we will continue to accept paper applications through March 31,2025, to support this transition with minimal business disruption.

Nearly 90% of FIA business is already being submitted electronically and we are committed to supporting our firm partners and financial professionals who are yet to make the transition:

  • We will continue to support business your financial professionals submit through your firm’s order entry platform. (Paper applications for transactions not supported on an order entry platform will be allowed, just as we allow for SecureFore Fixed Annuity.)
  • f you have financial professionals with clients who prefer to sign a paper application, they can simply fill out the eApplication, print it, and have the client sign. The financial professional can then upload and electronically submit it.
For more information, contact a Pinnacle Financial Services representative today 1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881 support@pfsinsurance.com

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New AARP Medicare Supplement App Incentive!

New AARP Medicare Supplement App Incentive!

New AARP Medicare Supplement App Incentive!
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Elevate Your Sales Incentive, for AARP® Medicare Supplement Insurance Plans, from UnitedHealthcare®

Earn $150 per eligible Plan F and G application from UnitedHealthcare on applications for AARP® Medicare Supplement Insurance Plans, insured by either UnitedHealthcare® Insurance Company (UHIC) or UnitedHealthcare® Insurance Company of America (UHICA)1. See additional eligibility rules below.

ELIGIBLE AARP MEDICARE SUPPLEMENT PLAN APPLICATIONS

This $150 incentive includes commission-eligible, accepted and paid AARP Medicare Supplement Plans, underwritten2 Plan F and G applications.

Applicants must reside in the states listed below. Eligible applications must be for December 1, 2024 through March 1, 2025 plan effective dates, with applicant signature dates starting November 5, 2024, through February 28, 2025.

Eligible States
Arizona
• Arkansas
• Georgia
• Iowa
• Kentucky
• Michigan

• New Jersey
• North Carolina
• Ohio
• Pennsylvania
• Texas
• West Virginia

To qualify for the incentive and receive a payout, you must submit a minimum of 3 eligible applications from any of the states listed above. There is no limit on the maximum number of eligible applications that can be submitted during this time period to qualify for this incentive.

Payout calculations and incentive payment will occur mid-April 2025 via your usual commission payment process. Applications must be accepted and commissioned prior to April 14, 2025. This means that any outstanding pending applications that become accepted on or after April 14, 2025, will not count toward the incentive.

Enrollment applications for current AARP Medicare Supplement Insurance Plan members switching from one AARP Medicare Supplement Insurance Plan to another are not eligible for this incentive (i.e., plan changes and internal replacements from the same or another UnitedHealthcare underwriting company). Employer Group Broker Sales, including Agent-referred group sales, are also not eligible for this incentive.

  1. UHICA plans are available in the states of Arkansas, Arizona, New Jersey, North Carolina, Ohio, Pennsylvania and Texas.
  2. Individuals/applicants not eligible for open enrollment or guaranteed issue are “underwritten”.

AGENT PARTICIPATION

Active EDC and ICA writing agents (including solicitor agents), authorized to offer, licensed, appointed, and certified with UnitedHealthcare, in the states listed above, are eligible to participate in this incentive. Agents authorized to offer AARP Medicare Supplement Plans, insured by UHICA, previously received a separate and specific notification from UnitedHealthcare indicating they were authorized. ISR and telesales agents are not eligible to participate. Up-line payments do not apply. Incentive payments for solicitor agent applications are payable to the solicitor agent’s up-line.

Eligible EDC and ICA writing agents, including solicitor agents, must be active and authorized to offer AARP Medicare Supplement Plans on April 14, 2025 to receive incentive payment. EDC/ICA writing agents who are eligible to participate in the incentive but who are in servicing or terminated status on April 14, 2025 are not eligible for incentive payment.

Agents who participate must comply with CMS, state and UnitedHealthcare requirements.

Incentive payments will be made in accordance with applicable state rules.

UnitedHealthcare reserves the right to end or modify the Sales Incentive at any time without notice. UnitedHealthcare will determine qualification of applications and application counts for this incentive program. All decisions are final.

AARP endorses the AARP Medicare Supplement Insurance Plans insured by UnitedHealthcare Insurance Company or an affiliate (collectively “UnitedHealthcare”). UnitedHealthcare pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. AARP and its affiliates are not insurers. AARP does not employ or endorse agents, brokers or producers.

November 2024. Confidential and proprietary information of UnitedHealth Group. For internal/agent use only. Do not distribute or reproduce any portion without the express written permission of UnitedHealth Group.

For more information, contact a Pinnacle Financial Services representative today 1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881 support@pfsinsurance.com

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