Celebrating 50 Years in Business
BSMG
Fiduciary,
Insurance Industry News
No Comments
30 Sep 2022
Founded by David B. Lea in 1972, Brokers’ Service Marketing Group has spent the last 50 years serving
financial professionals and their clients and graciously giving back to the community.
In celebration of this noteworthy milestone, we’re looking back to some of the circumstances and
people who made BSMG the company it is today.
South Dakota and New Mexico Regulations - Effective Dates
BSMG
Fiduciary,
Insurance Industry News
No Comments
5 Apr 2022
South Dakota Regulation - Goes into effect January 1, 2023
Read MoreSection 1035 Exchange of Life Insurance with Policy Loans
BSMG
Life Insurance,
Fiduciary,
Insurance Industry News
No Comments
17 Mar 2022
IRC Section 1035 allows Tax-Free Exchanges of life insurance policies in a gain position (i.e. gross cash value greater than adjusted cost basis) so that cash values can be easily transferred to more financially efficient policies. Sometimes greater death benefit and/or lower premium can result from the exchange in addition to desirable contract guarantees.
Read MoreSecurian’s SecureCare will be replaced with SecureCare III
BSMG
Insurance Industry News
No Comments
15 Mar 2022
| Effective March 26, 2022, Securian’s SecureCare will be replaced with SecureCare III. See below for Important Dates and Transition Guidelines: |
John Hancock announces New Protection IUL – Increased Pricing
BSMG
Life Insurance,
Fiduciary,
Insurance Industry News
No Comments
24 Feb 2022
Effective March 4th, 2022 John Hancock Protection IUL (2021) contract will be replaced with Protection IUL (2022). Based on our initial testing, the pricing is increasing with most designs and ages.
Read MoreNAIC New Best Interest Standard for AL, AZ, AR, CT, DE, IA, ID, KY, ME, MI, MS, MT, NE, ND, OH, RI, TX, & VA
BSMG
Annuities,
Fiduciary,
Insurance Industry News,
Fixed Index Annuities,
Retirement Income,
Annuity,
Retirement Reform,
NAIC,
Best Interest Standard
No Comments
4 Aug 2021
Arizona, Arkansas, & Iowa Regulation:
Agents who have already completed a four-hour NAIC training course prior to January 1, 2021, must complete one of the following by July 1, 2021:
Read MoreNational Guardian Life - Product Enhancements and Pricing Changes to EssentialLTC
BSMG
Life Insurance,
Fiduciary,
Insurance Industry News
No Comments
18 Mar 2021
**RELEASED BY National Guardian Life**
A product that can now do more
We have been listening to your feedback and are excited to announce your suggestions were used to enhance EssentialLTC! The changes are geared toward making it easier to sell, and the new features will allow you to offer your clients a product that can do more.
Read MoreJohn Hancock - Changes to product offerings in New York
BSMG
Life Insurance,
Fiduciary,
Insurance Industry News
No Comments
18 Mar 2021
John Hancock has long maintained separate products and processes for the New York market where they operate as the John Hancock Life Insurance Company of New York and serve approximately 180,000 customers. This approach generally serves all stakeholders well, but the separate products and processes create a level of complexity and inefficiency. After a thorough review of their new business activities, they've made the difficult choice to reduce their product portfolio in New York and will no longer offer the following products for sale:
Read MoreLincoln VUL One & SVUL One (2019) Reprice
Brokers' Service
Life Insurance,
Insurance Products & Solutions,
Insurance Industry News
No Comments
21 Feb 2021
Effective February 16, 2021 and in conjunction with the launch of Lincoln VULONE (2021) and Lincoln SVULONE (2021), Lincoln is announcing pricing updates on the current Lincoln VULONE (2019) and Lincoln SVULONE (2019) to align with the 2021 product pricing.
Read MoreComing Soon – Lincoln MoneyGuard Market Advantage (VUL)
Brokers' Service
Life Insurance,
Insurance Products & Solutions,
Insurance Industry News
No Comments
4 Feb 2021
Effective February 16, 2021, Lincoln will introduce the next generation in long-term care planning and expand its MoneyGuard portfolio with the launch of Lincoln MoneyGuard Market AdvantageSM, pending state and firm approvals. Lincoln MoneyGuard Market AdvantageSM is a variable universal life insurance policy with a long-term care rider.
Read More