Corebridge Financial | QoL In the Know: November 2023

Corebridge Financial | QoL In the Know: November 2023

Corebridge Financial | QoL In the Know: November 2023
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Corebridge Financial
Corebridge Financial

Product

Improved Term Rates

Effective October 30, 2023, QoL Flex Term is repriced in all states where it is sold. New rates are a mixture of decreases, increases, and no changes. Approximately 27% of cells have lower premiums with an average rate reduction of ~1.4%. Overall, the rates trend lower and decreases can be seen across all key bands.

IUL Credited Rates: Quarterly Update

The latest interest rates are effective October 28, 2023 for both new business and inforce IUL products. View rates by visiting Connext (log-in required).

Underwriting

Foreign National Update: Power of Attorney form available for delivery requirements

Limited Power of Attorney is now acceptable for the completion of delivery requirements on certain Foreign National cases. The request must be made using the Corebridge-specific Limited Durable Power of Attorney form (AGLC202194), which is now available in Forms Depot. See bulletin for sample form.

Policies issued by American General Life Insurance Company (AGL), Houston, TX except in New York, where issued by The United States Life Insurance Company in the City of New York (US Life). AGL does not solicit, issue or deliver policies or contracts in the state of New York. Guarantees are backed by the claims-paying ability of the issuing insurance company and each company is responsible for the financial obligations of its products. Products may not be available in all states and features may vary by state.

All companies above are wholly owned subsidiaries of Corebridge Financial, Inc. Corebridge Financial and Corebridge are marketing names used by these companies.

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. For legal, accounting or tax advice consult the appropriate professional.

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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Americo | Upcoming Agent Tools Final Expense eApp Changes

Americo | Upcoming Agent Tools Final Expense eApp Changes

Americo | Upcoming Agent Tools Final Expense eApp Changes
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Faster Decision Process for Final Expense eApplications

 

Beginning November 5, 2023, the MIB check will be included in the initial underwriting phase of the eApplication, similar to the Term Series application process. This means you and your client will receive a more complete decision earlier in the application process. While initial underwriting is happening, please continue to fill out the application as usual and submit it to Americo at the end of the application.

On Sunday, November 5, we will perform a system upgrade to Agent Tools to add this change. Agent Tools will be unavailable from 6:00 a.m. to 10:00 a.m. Central. You must close out any open Agent Tools Final Expense eApplications by midnight, Saturday, November 4. This does not affect Term Series eApplications.

If you have questions, or if we can be of assistance, please contact Agent Services at 800.231.0801 or agent.services@americo.com.

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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Devoted Health | Part B Premiums are on the Rise! So are our Giveback Amounts

Devoted Health | Part B Premiums are on the Rise! So are our Giveback Amounts

Devoted Health | Part B Premiums are on the Rise! So are our Giveback Amounts
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The Benefit that Keeps on Giving

Your clients could enjoy money back every month in their Social Security check with our giveback plans. This year, Medicare is raising Part B premiums, meaning ALL of our giveback amounts are more attractive than ever before. Giveback is one of our top-selling benefits (and plans) for brokers like you.

Dive into our 2024 Plans

All about our popular giveback benefit

Best for clients with lower medical benefit utilization.

We have 42 plans with a $100+ Part B premium reduction and aim to have the highest giveback in the market.

Giveback plans increase the value of a member’s monthly Social Security check. If your client is not receiving a Social Security check, they will see a reduction in the amount they owe for Medicare Part B premium.

The Part B reduction can take up to 3 months to appear in a member’s check, but payment will be made retroactively for missed months.

Note: Giveback plans are not optimal for members who have their Part B premium paid for by the state through Medicaid, as they will not see an increase in their Social Security checks.

Start Selling our Giveback plans with New Marketing Materials

Contact Us

Call us at 1 (877) 764-9446 during our support hours:

Daily, 9 am to 10 pm ET (Oct 15 to Dec 7)

Or send us a message in the Agent Portal.

Don’t know who your Broker Manager is? Check out this list

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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Wellpoint | Earn More – Submit Health Risk Assessments Now

Wellpoint | Earn More – Submit Health Risk Assessments Now

Wellpoint | Earn More – Submit Health Risk Assessments Now
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Earn more when you submit a Health Risk Assessment (HRA) for your Medicare Advantage members.

Completing a Health Risk Assessment (HRA) is an important part of helping Medicare Advantage members get connected with the support they need.

When to complete the Health Risk Assessment:

  1. HRAs can be completed immediately after submitting the enrollment application. Include the HRA in your sales conversation.
  2. HRAs can also be submitted for current members who do not have a HRA on file.

Here’s what you can earn for new and current members:

Incentive Reminders:

  1. Kidney Care C-SNP plans are not eligible
  2. HRA incentives are not available for current members with Carelon (formerly CareMore) Medicare Advantage plans.
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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IBX | 2024 Star Ratings: Action Required

IBX | 2024 Star Ratings: Action Required

IBX | 2024 Star Ratings: Action Required
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Independence Edge

News for Medicare Brokers

Medicare

2024 Star Ratings: Action Required

The Centers for Medicare and Medicaid Services (CMS) has released the 2024 Star Ratings and Independence Blue Cross (IBX) Medicare Advantage plans have earned four stars on the Keystone 65 HMO, and 4.5 stars on the Personal Choice PPO. Inside each enrollment kit is a Star Rating Insert for that plan. You must replace the 2023 Star Rating Insert with the 2024 Star Rating Insert.  FULL ARTICLE

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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