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AIN Events: Unpacking the Impact of AG49B

In what seems like a perfect real life example of the movie Groundhog Day, our industry is preparing for yet another update to the regulations governing how Indexed Universal Life policies are illustrated. While most are likely up to speed with what this will mean for us at a high level, many have not yet studied the nuances that will allow us to answer the questions we will undoubtedly see from advisors, like:

  • What impact will this have on the IUL products I typically sell?
  • What will updated maximum illustrated rates look like?
  • Will the impact differ much from carrier to carrier?
  • Are there any changes coming to the products themselves, or is this simply about the illustration?
  • What about retroactivity? Will this new update be applied to in force policies and their ledgers?
  • Will this spur another round of significant change to IUL products as carriers seek to optimize illustrative performance under the new regulation?

Join Jeff Reed as he chats with Ben Roth, National Sales Vice President at Securian Financial and Andrew Demarco, Head of Life Solutions at Transamerica about all of this and more.

Click here to register today!

AIN Events: The Way Forward – The State of Service at Corebridge Financial

If you work with an insurance company for any significant period of time, you will undoubtedly experience service ups and downs. The recent experience of doing business with Corebridge has been a “down” for many, and their leadership team is keenly aware of the challenges many have faced. They are also committed to making the changes needed to meet their service level agreements and deliver the experience you all deserve.

Join AIN as we welcome Mark Peterson, Chief Distribution Officer, Life Insurance, Corebridge Life and Tim Heslin, President, Corebridge Life, to lay out all they are doing to return to normal service levels and position the company for the future.

Join Us on January 27th @ 11am Pacific!

Click here to register

AIN Events: The View from DC and the States with Finseca

To say that there is a lot going on from a regulatory and legislative perspective would be a significant understatement. The Federal and State government agencies that set the regulatory and legislative agenda for the financial services industry continue their work on multiple fronts as 2023 gets underway. Join AIN as we welcome Armstrong Robinson, Chief Advocacy Officer at Finseca, for a session that is both retrospective and prospective to talk through the impacts from 2022 and additional changes we may see in the current year. Subjects to be discussed include:

  • Important events from 2022, including the election and what it means for our industry and the passage of Secure 2.0
  • The Federal Regulatory agenda: Where are we likely to see changes that will impact our industry
  • The state-level view: An update on LTC-focused legislation and other topics at the state level
  • New York Reg 187 update: What happens now that the final appeal has concluded and the regulation has been reinstated
     
    Click here to register!

The 2023 Forecast: AIN’s Thoughts on The Coming Year

Kickoff the 2023 AIN Events Series with the AIN Leadership Team! Martin, Ken and Jeff will offer their perspective on 2023, opportunities for growth, the challenges we see on the horizon and how to meet them. Topics include:

  • Consumer Trends in the Middle, Mass Affluent and Affluent Markets
  • Product Innovation resulting from the flexibility afforded by changes to section 7702 rates
  • The continued evolution of automated underwriting and electronic application processes
  • The next step in the ongoing conversation around LTC legislation at the state level and the transition to a more holistic approach to Care Planning
  • And more!

Click here to register!

Time: Jan 10, 2023 11:00 AM PST

ProdMod

ProdMod: Prudential Announces Changes to IUL Caps and Spreads

FROM PRUDENTIAL…

At Prudential, we are committed to maintaining financial discipline and continue to review impacts to the index accounts, and the upside they can offer. The caps will be improving for almost all products. The uncapped accounts for IUL products will also be changing.

These changes will be effective for index segments starting January 15, 2023. Click here to view the complete list of index changes.

A letter will be sent to policy owners when there are changes to index accounts/strategies, informing them of the new spread and that the future segments will be impacted. The letter also indicates that these changes may result in different values than were shown in their most recent illustration and how they can request a current illustration.

Click here to view the complete list of index changes

Find out more about these changes from Prudential…

 

AdminUpdate (2) (1)

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.