Alpha Advantage - 01-15-15

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Thursday, January 15, 2015

ALPHA ADVANTAGE |January 15, 2015

 

RATES CHANGES:

Oxford Life:  MYGA rates are dropping for guarantee periods 7-10 effective January 21st. See attached MYGA sheet for details.

Great American:  Caps and rates are dropping for all applications received after January 20th.  They have now added a 30 day rate hold on transfers!  See attached Index sheet for details!

Voya Financial:  Caps dropped for most products effective January 14th.  See attached Index sheet for details!

 

PRODUCT CHANGES:

F&G Life:  Safe Income Plus -  bonus will drop to 7%, and income rider payout factors will be reduced by .40bps.  Business issued after January 29th will receive the lower features.

F&G Life:  Prosperity Elite Series -  Premium bonuses on the 10 and 14 year options will be dropping by 1%.  Rider charge will increase to 1.30% for the Protection Package.  Business issued after Jan 29th will be affected.

NEW INCOME PRODUCT:

North American:  Benefit Solutions14 – a new twist on the income rider!  Benefit Base increases to 120%, 140%, and 160% - depending on how long the client wait to start income, and allows the benefit base to grow based on index performance.  Rider also includes enhanced payouts for nursing home care, an allows beneficiaries to collect the Benefit Base over 5 years!  See attached specs for details!

MYGA RATES:

Here are the current BEST myga rates!

3 Years – 2.00%

4 Years – 2.30%

5 Years – 3.25%

6 Years – 2.80%

7 Years – 3.40%

8 Years – 3.00%

9 Years – 3.10%

10 Years – 3.65%



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