Archive for year: 2013
Holiday Schedule
/in News & Events/by bsmgadminBrokers’ Service Marketing Group offices and the tioTERM back office holiday schedule: Friday, December 13: Closing at 3:00PM EST Tuesday, December 24: Closing at 12:00PM EST Wednesday, December 25: Closed Tuesday, December 31: Closing at 2:00PM EST Wednesday, January 1: Closed
Providence Business News—5 Questions with Tim Moynihan, BSMG's New Sr. VP and Director of Risk Appraisal
/in Latest News, News, News & Events/by bsmgadminAnnuities Beat Investments for Guaranteed Retirement Income
/in Sales Ideas/by bsmgadminUsing annuities with guaranteed income features creates lifetime guaranteed increasing income that cannot be outlived. Look at how the income quickly drives down the account value even when earning a 4.00% fixed rate with no negative years. How long would $407,000 last for a 60 year old couple if they could earn investment […]
Nationwide GUL II Update
/in Carrier Updates/by bsmgadminEffective November 11, 2013, Nationwide will increase their pricing for their YourLife No-Lapse Guarantee Survivorship UL II product. Contact BSMG for transition details.
Mutual of Omaha – GUL Improvement
/in Carrier Updates/by bsmgadminEffective November 1, 2013, Mutual of Omaha will improve their competitive position of their Guaranteed Universal Life (GUL) product. Here is a summary of enhancements: Improved preferred risk class positioning; very competitive dial down rates for ages 100 and 105; very competitive lifetime guarantees; ages 45-75 on an age last birthday basis and at $250,000, […]
Inherited NQ Annuity Reference Sheet
/in Uncategorized/by bsmgadminDEATH OF HOLDER (OWNER) OF NON-QUALIFIED (NQ) ANNUITY IRC Section 72(s) … “Inherited” NQ Annuity A) Spouse Designated Beneficiary … Distribution Options at Death 1. 5 year rule (includes lump sum) … IRC Section 72(s)(1) 2. Life expectancy rule (Annuitized distribution must start no later than 1 year after the date of death of the […]
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