1 (800) 772-6881 x7731 | sales@pfsinsurance.com
1 (800) 772-6881
support@pfsinsurance.com
We are adjusting some commission payout dates to better service your business. For commissions payouts that are scheduled for around the 1st of the month, we’ll combine the Wednesday and Saturday commissions into one payout.
Here is the list of the date changes you can expect this year:
| Wednesday payout | Saturday payout |
| February 3 (no payout) |
February 6 (will include February 3 and February 6 payouts) |
| March 3 (no payout) |
March 6 (will include March 3 and March 6 payouts) |
| June 2 (no payout) |
June 5 (will include June 2 and June 5 payouts) |
| September 1 (no payout) |
September 4 (will include September 1 and September 4 payouts) |
| November 3 (no payout) |
November 6 (will include November 3 and November 6 payouts) |
| December 1 (no payout) |
December 4 (will include December 1 and December 4 payouts) |
Note: All other dates will continue the normal Wednesday and Saturday schedule.
From an IT perspective, commission payouts are one of our longest running jobs. That means it can impact our customer service representatives’ ability to service pending and new business. To avoid creating those delays, we’ve decided to move to one commission cycle on these select weeks. We made this decision after careful consideration; we understand how this impacts you. Since servicing your clients is a priority for both you and us, we appreciate your flexibility during this change to better service your clients.
We are working to enhance our commission systems to better serve the business we are fortunate to receive from you. We appreciate your patience and sincerely thank you for your continued business.
*Aetna Senior Supplemental Insurance includes products underwritten by: Accendo Insurance Company (ACC), part of the CVS Health® family of companies and Aetna affiliate; Aetna Health and Life Insurance Company (AHLIC); Aetna Health Insurance Company (AHIC), American Continental Insurance Company (ACI); Continental Life Insurance Company of Brentwood, Tennessee (CLI)
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
1 (800) 772-6881
support@pfsinsurance.com
Earlier today, it was announced that our parent company, American Financial Group, Inc., has entered into a definitive agreement to sell its Annuity business to Massachusetts Mutual Life Insurance Company (MassMutual). Under the terms of the agreement, MassMutual will acquire Great American Life Insurance Company (GALIC) and its two insurance subsidiaries, Annuity Investors Life Insurance Company and Manhattan National Life Insurance Company. The sale is expected to close in the second quarter of 2021.
We believe this transaction presents an excellent opportunity for GALIC and MassMutual to be one of the leading providers of traditional fixed and indexed annuities in major distribution channels and markets. GALIC will operate as a subsidiary of MassMutual and will remain headquartered in Cincinnati. This ensures that the agreement will have no impact on GALIC’s relationships with and commitments to its annuity distribution partners and policyholders. In fact, we believe MassMutual’s AM Best rating of “A++” (Superior) and its S&P rating of “AA+” (Very Strong) will result in enhanced agent recruitment and policyholder retention.
As always, we thank you for your business and continued commitment to our company.
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
1 (800) 772-6881
support@pfsinsurance.com
American Equity is proud to offer simple, transparent products at competitive rates within the industry. We remain committed to helping our contract owners protect their retirement dollars.
We will be making changes to our rates on the GuaranteeShield fixed annuity product series. These changes are effective Monday, Feb. 8, 2021.
For your client to qualify for the current rate, applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 1 p.m. CST Friday, Feb. 5, 2021. Transfer funds must be received by 4:45 p.m. CST Tuesday, March 9, 2021.
| GuaranteeShield 3 | CURRENT RATE | NEW RATE |
| Fixed Rate | 2.40% | 2.10% |
| GuaranteeShield 5 | CURRENT RATE | NEW RATE |
| Fixed Rate | 2.65% | 2.50% |
Thank you for your continued business with American Equity. If you have any questions, please call Marketing at 888-647-1371.
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
1 (800) 772-6881
support@pfsinsurance.com
If you are not yet appointed with Oceanview, please contact your upline and access our contracting forms on SureLC. In addition to the contracting paperwork, you will have access to product training on all products, including the new Harbourview FIA.
Producers already appointed with Oceanview, please click the link below to access the FIA Product Training Module. An additional link to the required Attestation Form is also provided.
Please review the product training then sign and submit the Attestation Form by one of the following methods:
Applications are available at www.oceanviewlife.com. If you have any additional questions, please call us at 833.656.7455.
Thank you for your business and continued support as we enter the new year!
1 (800) 772-6881 x7731 | sales@pfsinsurance.com
1 (800) 772-6881
support@pfsinsurance.com