On The Move – November 15, 2022

November 15, 2022 – Effective Date of Change Integrity Life Insurance Compan y Fixed Indexed Annuity Integrity Indextra 5 15,000+ 1-Year Point-to-Point S&P 500:  Cap 10.25%  2-Year Point-to-Point GS Momentum Builder :  Part Rate 200% 1-Year Point-to-Point GS Momentum Builder :  Part Rate 175% 2-Year Point-to-Point J.P. Morgan Strategic Balanced :  Part Rate 200% 1-Year Point-to-Point J.P. Morgan Strategic Balanced :  Part…

On The Move – November 8, 2022

November 9, 2022 – Effective Date of Change Liberty Bankers Life Fixed Annuity Liberty Choice 5,000+  3.75% w/ 1.00% Bonus Liberty Select 5,000+  3.75% w/ 1.50% Bonus MYGA Bankers 3 10,000+  4.50% Bankers 5 10,000+  4.70% Bankers 5 Premier 10,000+  5.00% Bankers 5 Premier Plus 10,000+  4.80% w/ 1.00% Bonus Bankers 7 10,000+  4.70% Bankers 7 Premier 10,000+  5.00% Bankers Elite 3 10,000+  4.80% Bankers Elite 5 10,000+  5.10% Bankers Elite 7 10,000+  5.00% Bankers Elite 9 10,000+  5.00% November…

On The Move – November 1, 2022

November 1, 2022 – Effective Date of Change Clear Spring Life Fixed Indexed Annuity Highlander 10,000+ S&P 500 1-Year Point-To-Point With Cap:  Cap 7.50%  S&P 500 1-Year Point-To-Point With Participation:  Part Rate 35% 1 Year Fixed Rate Strategy:  Rate 3.50% S&P 500 MARC 5% ER 1-Year Pt-to-Pt w/Participation :  Part Rate 165% Highlander 7 10,000+ 1 Year Fixed:  Rate 4.00% S&P MARC 5%…

On The Move – October 25, 2022

October 25, 2022 – Effective Date of Change Lincoln Financial Group Fixed Indexed Annuity Lincoln OptiBlen 10 10,000+ 1-Year S&P 500 5% Daily Risk Control with Spread:  Spread 1.00%  1-Year S&P 500 Point-to-Point with Cap:  Cap 9.50%  1-Year Fixed Account:  Rate 4.10% 1-Year S&P 500 Participation:  Part Rate 35% 1 Year Fidelity AIM Dividend Participation:  Part Rate 150% 1 Year BlackRock…

Social Security money

Breaking Down the 2023 COLA Increase

The nearly 65 million Americans who receive Social Security retirement benefits will receive the biggest cost-of-living increase in more than 40 years. The Social Security Administration (SSA) announced last week an 8.7% COLA boost for 2023. This marks the largest COLA increase since 1981 and follows last year’s 5.9% increase. The increase will see the average monthly…

On The Move – October 18, 2022

October 19, 2022 – Effective Date of Change Farmers Life Insurance Company MYGA Farmers Safeguard Plus 10 10,000+  5.10% Farmers Safeguard Plus 3 10,000+  4.55% Farmers Safeguard Plus 5 10,000+  5.05% Farmers Safeguard Plus 7 10,000+  5.05% Aspida Synergy Choice MYGA 2-Year   4.10% 3-Year   4.85% 5-Year   5.20% 7-Year   5.35%

On The Move – October 11, 2022

October 15, 2022 – Effective Date of Change Integrity Life Insurance Company Fixed Indexed Annuity Integrity Indextra 5 15,000+ 1-Year Point-to-Point S&P 500:  Cap 8.750%  2-Year Point-to-Point GS Momentum Builder :  Part Rate 200% 1-Year Point-to-Point GS Momentum Builder :  Part Rate 155% 2-Year Point-to-Point J.P. Morgan Strategic Balanced :  Part Rate 190% 1-Year Point-to-Point J.P. Morgan Strategic Balanced :  Part Rate…

On The Move – October 4, 2022

October 4, 2022 – Effective Date of Change American National Insurance Company Fixed Annuity Century Plus 5,000+  2.80% w/ 5.00% Bonus Century Plus 100,000+  2.90% w/ 5.00% Bonus Palladium Group Fixed Deferred 0+  3.10% Wealth Quest Citadel 5 Diamond 5,000+  2.90% w/ 1.00% Bonus Wealth Quest Citadel 5 Diamond 100,000+  3.00% w/ 1.00% Bonus Wealth Quest Citadel 7 Diamond 5,000+  3.10% w/ 2.00% Bonus Wealth Quest Citadel 7…

On The Move – September 20, 2022

September 20, 2022 – Effective Date of Change Protective Life MYGA Balance Annuity 5 MYGA 10,000+  1.00% w/ 2.50% Bonus Balance Annuity 5 MYGA 100,000+  1.10% w/ 2.50% Bonus Balance Annuity 5 MYGA with ROP 10,000+  1.00% w/ 1.00% Bonus Balance Annuity 5 MYGA with ROP 100,000+  1.10% w/ 1.00% Bonus Secure Saver 5 10,000+  2.70% Secure Saver 5 25,000+  3.60% Secure Saver 5 75,000+  3.80% Secure Saver 7 10,000+  3.00% Secure…

Successful Agreement, Real Estate, Home Buying Contract Concept. Happy smiling millennial buyers shaking hand with professional realtor agent after signing contract in office, sealing a deal together

Millennials and Life Insurance

In many ways, Millennials are the perfect storm of opportunity for life insurance agents and advisors. The largest generation in American history also represents more than one-third of the workforce. With the Boomer generation at or near retirement age, and Gen-Xers turning that corner, advisors would be wise to start paying more attention to Millennials.…