Holiday Schedule

Brokers’ 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  

Annuities Beat Investments for Guaranteed Retirement Income

Using 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

  Effective November 11, 2013, Nationwide will increase their pricing for their YourLife No-Lapse Guarantee Survivorship UL II product. Contact BSMG for transition details.

Genworth GenGuard UL Changes

Mutual of Omaha – GUL Improvement

  Effective 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

DEATH 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 […]