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Admin Update

Breaking news from the Core Carriers

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Welcome to the New AIN Essentials!

FROM THE AIN MEMBER SERVICES TEAM…

The entire team at AIN is pleased to welcome you to the new and improved AIN Essentials. This first phase in an ongoing project to deliver effective marketing and educational content to you and your advisors is an important step. It delivers a more streamlined, easier to navigate user experience and also brought the underlying technology current, making it far easier for us to deploy new content going forward. 

For now, you’re likely curious about where to find the various resources you have come to rely on. The best way to quickly orient yourself to the site is to check out this brief video tour. In under ten minutes, you’ll gain an understanding of the layout and organization of the site, as well as the location of the tools you already use and perhaps some you have overlooked as well.

Updated! 2022 Year-End Deadlines and Holiday Schedules

With nearly four weeks left before 2023 is upon us, we have an updated look at year-end deadlines for 2022 business from the Core Carriers. New additions to the list since our last include Foresters Financial & Mutual of Omaha. Read on for the details!

Updated! 2022 Year-End Deadlines and Holiday Schedules

With nearly seven weeks left before 2023 is upon us, we have an updated look at year-end deadlines for 2022 business from the Core Carriers. New additions to the list since our last communication include: Sagicor, Securian, and Zurich. Read on for the details!

The pertinent 2022 year-end cutoff dates for the AIN Core Carriers can be found via the links below.

AdminUpdate: Foresters Moments Now Available to Improve Client Experience

FROM FORESTERS FINANCIAL…

Foresters Moments

Fun Family grants are now Foresters Moments! It’s still about having fun but now your clients have more options to plan exciting activities and make meaningful connections.

With Foresters Moments grants, members can create opportunities to enjoy meaningful interaction, make new friends and connections, while enjoying an activity together. New features include:

  • New group sizes for more opportunities to really connect
  • From art classes to group fitness, choose from 5 activity categories
  • Foresters provides $35 per person up to $2,100 to cover costs.

Find out more about these changes from Foresters Financial…

Operations


Underwriting

Product

Model Docs

  • HIPAA(in Word format) – Please note: this documents also needs customization before distribution to include the name of your agency. We’d recommend keeping AIN listed so that you can send files to the AIN Underwriting Team and still remain HIPAA compliant. Please have your agency’s legal counsel review the document before use. This document should not be construed as legal advice.
  • Independent Producer Agreement (in Word format) – We highly recommend using this draft document, or a document like it, to create a contractual relationship between you and your agents in addition to the contractual arrangement you create between your agent and the insurance company. Many offices include this document when appointing a new agent (i.e. included with the carriers paperwork as compulsory). Please have your agency’s legal counsel review the document before use. This document should not be construed as legal advice.
  • Informal Inquiry – If you need assistance adding your company’s logo on this document please contact Jeff Reed.

AdminUpdate: Foresters MyPolicy Now Available to Improve Client Experience

FROM FORESTERS FINANCIAL…

Introducing MyPolicy

Your clients with certificates from Foresters Financial can now access MyPolicy, an easy-to-use online space that will allow your clients to:

  • Find all their certificate information
  • Check out their transaction history
  • Access important documents for their coverage

In order to use MyPolicy, the Owner must also be the Insured and Payor of the certificate. To get started, they’ll simply need to log in to MyForesters and go to MyPolicy.

Click to watch a demo video on MyPolicy

Find out more about these changes from Foresters Financial…

Updated! 2022 Year-End Deadlines and Holiday Schedules

With nearly eight weeks left before 2023 is upon us, we have an updated look at year-end deadlines for 2022 business from the Core Carriers. New additions to the list since our first communication on October 28th include: Equitable, Global Atlantic, New York Life, and Transamerica. Read on for the details!

The pertinent 2022 year-end cutoff dates for the AIN Core Carriers can be found via the links below.

Updated! 2022 Year-End Deadlines and Holiday Schedules

The end of 2022 is rapidly approaching and the AIN Core Carriers have begun to release their year-end processing deadlines. While not all have been released as of today, please review those that have below, and keep an eye on your inbox for updates as additional carriers declare themselves!

The pertinent 2022 year-end cutoff dates for the AIN Core Carriers can be found via the links below.

AdminUpdate: Protective Announces Higher Premium Limits for Five UL Products

FROM PROTECTIVE…

Since 2020, life insurers across the industry have had to make choices regarding products, premium limits and rates that impacted customers. Given the current interest rate environment, we’re excited to announce that we have implemented higher premium limits for certain products in all states, including New York.

New Annual Premium Limits

  • Protective Advantage Choice UL = $1,000,000
  • Protective Lifetime Assurance UL = $1,000,000
  • Protective Custom Choice UL = $1,000,000
  • Protective Indexed Choice UL = $3,000,000
  • ProClassic II UL = $3,000,000

For Protective Strategic Objectives II VUL, the annual premium limit will remain at $5,000,000.

Find out more about these changes from Protective…

AdminUpdate: Protective Launches Digital Part II October 6th

FROM PROTECTIVE…

Doing business with Protective just got easier — effective October 6th, you can opt your clients in to answer Part II medical-related questions online.¹ Those who may have felt uncomfortable or rushed when answering personal medical questions via phone interview, now have the option to enter their information digitally, on their time.

Don’t miss your chance to sit in on a live training ahead of the launch. Register using one of the links below:

¹via EZ-App or Protective-approved drop-ticket platform

Find out more about these changes from Protective…

AdminUpdate: North American Increased Premium Limits on Multiple Products

FROM NORTH AMERICAN…

Our enduring strength and stability allows us to continuously evaluate new opportunities to improve value for our customers and distribution partners. As a result, we are excited to announce that we have increased our premium limits on the following products:

  • Custom Guarantee Universal Life 9 (CGUL9)
  • Protection Builder IUL
  • Smart Builder IUL 2
  • Builder Plus IUL 3

Below are the updates to our premium limits, which apply to lump sums, 1035 exchanges, ongoing premiums, and multiple pending applications on the same client. Please be aware that there may be additional requirements for inforce policies that receive unplanned premium and are in CVAT corridor.

CGUL9

  • Old = $250,000
  • New = $500,000

Protection Builder IUL w/ Premium Guarantee Rider (PGR)

  • Old = $250,000
  • New = $500,000

Protection Builder IUL w/out PGR

  • Old = $1,000,000
  • New = $2,000,000

Smart Builder IUL 2

  • Old = $1,000,000
  • New = $2,000,000

Builder Plus IUL 3

  • Old = $1,000,000
  • New = $2,000,000

Premium limits are reviewed on an ongoing basis and are subject to change.

Starting September 24, 2022, all applications started and/or submitted using SimpleSubmit e-app, along with iPipeline web illustrations software, will be updated with the new annual premium limits. WinFlex will begin reflecting the new premium limits on September 26, 2022.

Find out more about these changes from North American…

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