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AIG | QoL In The Know: November 19, 2020

November 19, 2020

Coming soon! New rates and enhancements on IULs

Beginning November 21, 2020, we are making updates and enhancements to our portfolio of IUL products, including QoL Max Accumulator+ II and QoL Value+ Protector II, to comply with AG 49-A guidelines set forth by the NAIC.

Bulletin 20-098-PG

AIG

Non-med underwriting limits increasing to $1M

Also effective November 21, our non-medical underwriting will be expanded to include eligible cases with face amounts up to and including $1 million. The previous face amount limit was $499,999.

Bulletin 20-083-QoL

Nebraska non-resident tax withholding to go into effect for 2021 commissions

To comply with provisions in Nebraska state law, we will begin withholding state income taxes on non-resident commissions paid for sales in Nebraska, effective for 2021 tax-year commissions. Withholding begins in late December 2020, but we want to give you time to prepare if impacted.

Bulletin 20-076

New in Forms Depot: Search for service request forms by inforce policy number

Using the policy number to locate a Life Customer Service form will help ensure the fastest processing of an inforce service request. Get details and see screen shots at the bulletin linked below.

Bulletin 20-080

2020 year-end processing dates and holiday hours

As we near the end of the year, we are prepared to work closely with you on your pending business and help you have a successful close to 2020. See our bulletin for year-end dates and holiday hours.

Bulletin 20-071

Important information for insureds in Oregon

To support our customers in Oregon who may be affected by ongoing wildfires, temporary suspensions are in effect on lapses, terminations, cancellations, and other time-sensitive provisions.

Bulletin 20-104

Reminder to adhere to state and local restrictions

As we continue to work during these unprecedented times, we want to remind you of various state and local restrictions that may apply to solicitation and distribution of retirement and insurance solutions.

Please be aware of your state and local jurisdiction requirements regarding in-person solicitations and adhere to these requirements when conducting business associated with distributing AIG products. Additionally, keep in mind the options available for conducting business electronically.

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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