North American | Product Changes Effective September 24

North American | Product Changes Effective September 24

North American | Product Changes Effective September 24

September 17, 2019

Reminder! As we and other carriers weather this extraordinary, and rapidly-declining low-rate environment, we must make changes to our product portfolio. Effective Sept. 24, we’ll make the following changes to these fixed index annuities:

  • North American Charter® Plus 10 high-brand premium bonus changing from 7% to 6%. Low-band from 5% to 4%¹ (NO CHANGE on the 14-year 10% premium bonus)¹.
  • Performance Choice® 8 Plus premium bonus changing from 3% to 2%.
  • Performance Choice 12 Plus premium bonus changing from 3% to 2%. (for North Dakota from 5% to 2%).
  • Performance Choice minimum premium increasing to $20,000 (qualified and non-qualified).
  • NAC IncomeChoice®, NAC BenefitSolutions®, and Strategic Design AnnuitySM X lifetime payment percentages (LPPs) decrease.

Deadline: September 23rd

To receive current LPPs and premium bonuses, applications must be received in the Home Office by 5 p.m. (Central Time) or submitted through e-App by 11:59 p.m. (Central Time) Sept. 23.

Get Updated Material Below or Access via Our Website on September 24th

Premium Bonus Changes

North American Charter Plus 10
Brochure: Most States | Massachusetts
Disclosure: Most States | Massachusetts

Performance Choice 8 Plus
Brochure: Most States | Massachusetts
Disclosure: Most States | Massachusetts

Performance Choice 12 Plus
Brochure: Most States | Massachusetts
Disclosure: Most States | Massachusetts

Minimum Premium Change

(on both Plus and Non-Plus Versions)

Performance Choice 8
Brochure: Most States | Massachusetts

Performance Choice 12
Brochure: Most States | Massachusetts

LPP Changes

NAC IncomeChoice 10
Brochure: Most States | Massachusetts

NAC BenefitSolutions
LPA Quick Reference Guide

Strategic Design Annuity
Brochure: Most States | Massachusetts

Questions? Call Sales Support at 866-322-7066.
NorthAmericanCompany.com

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE USED FOR CONSUMER SOLICITATION PURPOSES.

Insurance products issued by North American Company for Life and Health Insurance®, West Des Moines, Iowa. Product and features/options may not be available in all states or appropriate for all clients. See product materials and state availability chart for further details, specific features/options, and limitations by product and state. 1. Premium bonus may vary by annuity product, premium band and surrender charge period selected and may be subject to a premium bonus recapture. Products that have premium bonuses may offer lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins than products that don’t offer a premium bonus. Over time and under certain scenarios the amount of the premium bonus may be offset by the lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins.

Need More Information, or Have Additional Questions?

Contact a Pinnacle Financial Services Representative at sales@pfsinsurance.com or Call 1-(800)-772-6881 x7731.

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Global Atlantic | Float this Idea Past Your Clients

Global Atlantic | Float this Idea Past Your Clients

Global Atlantic | Float this Idea Past Your Clients

September 5, 2019

Do your clients need to add some lift to their income strategy?

Social Security? Pension income? Savings? Will these sources be enough to replace your client’s pre-retirement “paycheck” for what could be a 30+ year retirement?

If you have any questions, please contact your IMO, visit globalatlantic.com or call the sales team at (855) 44-SALES (447-2537), option 1

Get your clients thinking about their protected income needs by sharing this short and simple new video.

We’re looking forward to helping you prepare your clients for retirement.

Need More Information, or Have Additional Questions?

Contact a Pinnacle Financial Services Representative at sales@pfsinsurance.com or Call 1-(800)-772-6881 x7731.

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Our Fixed Annuity Rates are Changing

Our Fixed Annuity Rates are Changing

Our Fixed Annuity Rates are Changing

July 29, 2019

Effective August 5, 2019

SecureFore 5 Fixed Annuity 2.70%¹
Current Rate Sheet NEW Rate Sheet
Effective August 5, 2019

Click Here to access the Rate Lock Procedure Flyer.

If you have any questions or need more information about these rate changes, please contact your IMO, visit globalatlantic.com, or call the dedicated sales team at (855) 44-SALES (447-2537), option 1.

¹Effective 08/05/2019. Rates shown are for the No Return of Premium (available in all states where the product is available).

Need More Information, or Have Additional Questions?

Contact a Pinnacle Financial Services Representative at sales@pfsinsurance.com or Call 1-(800)-772-6881 x7731.

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FlexMark Select Rate Changes Effective 8/5/19

FlexMark Select Rate Changes Effective 8/5/19

FlexMark Select Rate Changes Effective 8/5/19

July 25, 2019

Legacy Announces FlexMark Select™ Rate Changes

Effective 8/5/19, rates on FlexMark Select™ interest crediting options are changing. These adjustments are being made in response to recent market volatility and the current interest rate environment. Refer to the below table for new rates, shown in red.

FlexMark Select Series Rates Effective 8/5/2019

Product Standard Band Upgraded Band
S&P 500® One-Year Point-to-Point with Cap
1% Fee* No Fee 1% Fee* No Fee
FlexMark Select 5.30% 3.25% 5.55% 3.50%
FlexMark Select Plus 4.55% 2.50% 4.80% 2.75%
FlexMark Select LT 4.80% 2.75% 5.05% 3.25%
FlexMark Select LT Plus 4.30% 2.50% 4.55% 2.75%
Russell 2000® One-Year Point-to-Point with Cap
1% Fee* No Fee 1% Fee* No Fee
FlexMark Select 5.10% 3.00% 5.35% 3.25%
FlexMark Select Plus 4.35% 2.25% 4.60% 2.50%
FlexMark Select LT 4.60% 2.50% 4.85% 2.75%
FlexMark Select LT Plus 4.10% 2.00% 4.35% 2.50%
BNPP Momentum 5** One-Year Point-to-Point
with Participation Rate
1% Fee* No Fee 1% Fee* No Fee
FlexMark Select 105% 65% 110% 75%
FlexMark Select Plus 95% 55% 100% 60%
FlexMark Select LT 100% 60% 105% 65%
FlexMark Select LT Plus 90% 50% 100% 60%
BNPP Momentum 5** Two-Year Point-to-Point
with Participation Rate
2% Fee* No Fee 2% Fee* No Fee
FlexMark Select 130% 85% 140% 95%
FlexMark Select Plus 115% 70% 125% 80%
FlexMark Select LT 125% 80% 130% 85%
FlexMark Select LT Plus 115% 70% 120% 75%
S&P 500® Two-Year Point-to-Point
with Participation Rate
2% Fee* No Fee 2% Fee* No Fee
FlexMark Select 55% 35% 60% 40%
FlexMark Select Plus 45% 30% 50% 35%
FlexMark Select LT 50% 30% 55% 35%
FlexMark Select LT Plus 45% 30% 50% 35%
One-Year Fixed Account
FlexMark Select 1.80% 1.95%
FlexMark Select Plus 1.45% 1.60%
FlexMark Select LT 1.60% 1.75%
FlexMark Select LT Plus 1.40% 1.55%

Rate Lock:

A rate lock applies on each strategy for 45 days from the application date. On premium received within the 45-day period, clients will receive the greater of (1) the locked-in rate or (2) the rate in effect on the first index date following the date premium is received. After 45 days, the rates in effect at the time premium is received will apply.

Submit Applications Via:

  • FireLight® e-App Platform: Access through the LegacyNet® Point-of-Sale Materials page.
  • Regular Mail: Ameritas New Business, P.O. Box 305086, Nashville TN 37230-5086.
  • Overnight Delivery: Ameritas Life Insurance Corp., Attn: New Business, 100 Centerview Drive, Suite 100, Nashville TN 37214.
  • Fax: 844-874-5235.

If you would like us to review an application prior to submitting it to Ameritas, contact Legacy’s Customer Service and Suitability Help Desk at 800-395-1053, Ext. 5819. For sales ideas or more information, call 800-395-1053, Ext. 4002, or visit www.legacynet.com.

Need More Information, or Have Additional Questions?

Contact a Pinnacle Financial Services Representative at sales@pfsinsurance.com or Call 1-(800)-772-6881 x7731.

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North American | Non-Qualified Stretch Annuities Available on New Business July 16

North American | Non-Qualified Stretch Annuities Available on New Business July 16

Show Your Clients How to Pass on the Tax-Deferred Benefits of Annuities

We accept non-qualified stretch business on a variety of our competitive annuity products.

A non-qualified stretch is one strategy than can extend the tax-deferred status of an annuity when passed to a beneficiary¹. Check out our non-qualified stretch brochure for more information. Here’s how it can work with our products:

For New Business Beginning July 16…

Available on the following fixed index annuities:

  • Performance Choice® 8 and 12
    Not available on premium bonus versions; 8 Plus and 12 Plus
  • NAC RetireChoice® 10
    Not available if the optional additional benefit rider (ABR) is elected
  • NAC VersaChoice 10
    Available with or without optional enhanced liquidity benefit (ELB) rider; not available if a guaranteed lifetime withdrawal benefit (GLWB) is elected

For Current Inforce Contracts…

Non-qualified stretch is available at the time of death claim on most inforce annuities including traditional fixed, fixed index, and multi-year guarantee annuities. If the inforce contract had a GLWB, and has any remaining accumulation value, the GLWB will terminate and the remaining accumulation value (death benefit) is eligible for non-qualified stretch.

Find out more about non-qualified stretch requirements and a list of the types of business we accept.

Questions? Call Sales Support at 1-866-322-7066
NorthAmericanCompany.com

 

Need more information, or have questions?

Contact a Pinnacle Financial Services representative at sales@pfsinsurance.com or call 1-800-772-6881 x7731.

Global Atlantic: Our Fixed Index Annuity Rates are Changing

Global Atlantic: Our Fixed Index Annuity Rates are Changing

Global Atlantic

Rate Update

Effective May 14, 2019 our rates will change on Choice Accumulation II fixed index annuity.

Effective May 14, 2019
Click here to access the Rate Lock Procedure flyer.
This material is intended to provide educational information regarding the features and mechanics of the product and is intended for producer use only. It should not be considered, and does constitute, personalized investment advice. The issuing insurance company is not an investment adviser nor registered as such with the SEC or any state securities regulatory authority. It’s not acting in any fiduciary capacity with respect to any contract and/or investment.
Guarantees are based on the claims-paying ability of Forethought Life Insurance Company and assumes compliance with the product’s benefit rules, as applicable.
Choice Accumulation II fixed index annuity is issued by Forethought Life Insurance Company, 10 West Market Street, Suite 2300, Indianapolis, Indiana. Choice Accumulation is available with Contract FA1801SPDA-01 and ICC17-FA1801SPDA-01 and rider forms FA4101-01, ICC17-FA4101-01, FA4106-01, ICC17-FA4106-01, FA4107-01, ICC17-FA4107-01, FA4108-01, ICC17-FA4108-01, FA4109-01, ICC17-FA4109-01, FA4110-01, ICC17-FA4110-01, FA4116-01, ICC17-FA4116-01, FA4112-01, ICC17-FA4112-01, FA4114-01, ICC17-FA4114-01, ICC14-FL-FIANC, FL-FIANC-13, ICC14-FL-FIATI and FL-FIATI-13.
Products and features are subject to state variations and availability. Read the contract for complete details.
Global Atlantic Financial Group (Global Atlantic) is the marketing name for Global Atlantic Financial Group Limited and its subsidiaries, including Accordia Life and Annuity Company and Forethought Life Insurance Company. Each subsidiary is responsible for its own financial and contractual obligations.
2487369.1 (05-19)
FOR PRODUCER USE ONLY. NOT FOR USE WITH THE PUBLIC.

Need more information, or have questions?

Contact a Pinnacle Financial Services representative at sales@pfsinsurance.com or call 1-800-772-6881 x7731.