Top 10 Helpful Hints for the Broker
BSMG
Life Insurance,
Underwriting,
Insurance Industry News,
Risk Differentiation Underwriting
No Comments
27 Jul 2023
Applying for life insurance can be an arduous process for clients. By setting expectations, you can help your clients avert any pain points and create a more positive experience. Check out these “Helpful Hints” from NAILBA to make sure your clients know what to expect.
Read MoreThe Ultimate Cover Letter for the Underwriting Process
BSMG
Life Insurance,
Underwriting,
Insurance Industry News,
Risk Differentiation Underwriting
No Comments
27 Jul 2023
In those instances where the case submitted isn’t as black and white as one would hope, a well thought out cover letter inclusive of case details will aid in the underwriting process. We worked with our underwriters at Lincoln Financial to provide some guidelines
Read MoreAnnuity Awareness Month 2023
BSMG
Retirement,
Life Insurance,
Annuities,
Fiduciary,
Insurance Industry News
No Comments
5 Jun 2023
Annuity rates have seen unprecedented increases in the past year. Now is a great time to take advantage of the best rates we have seen in a generation despite markets being relatively flat after a year of extreme volatility. For more details, check out the infographic below.
Read More2022 Recap: A Message from Jason Lea
BSMG
Fiduciary,
Insurance Industry News
No Comments
22 Dec 2022
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:
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