Holiday Schedule

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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  

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Annuities Beat Investments for Guaranteed Retirement Income

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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 […]

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Nationwide GUL II Update

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

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Genworth GenGuard UL Changes

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Mutual of Omaha – GUL Improvement

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  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, […]

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Inherited NQ Annuity Reference Sheet

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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 […]

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