Retirement Solutions Group, Inc.

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National Western Life - News!

 
(11/21/2011)

 


ANNOUNCING E-APP ENHANCEMENTS

NWL® continues to strive to make e-App your first choice in application submission! We are proud to announce some recent enhancements below that will help you make this decision. Remember, submitting cases through e-App gives you more time with your clients and less time handling paper. In addition, you can rest assured that the application and all paperwork is going to be iGO (In Good Order).

  • NWL® has added more products - The NWL® IMPACT 7 and NWL® IMPACT 10 annuities --- two of our hottest annuity products are now available in e-App along with all of our other annuity and life products!
  • Illustrations - You can now run illustrations for several life products including NWL® Term/NWL® Secure Term, NWL Lifetime Returns Select® and NWL® Lifetime Returns Solutions as part of e-App. The illustration process is fully integrated with the e-application too. So when you're ready to take the application, the information from the illustration is already populated into the e-Application process saving you even more time.

To get started, log on to BEACON and click on "Learn More about the Electronic Application" on the right side of the main page. Once there, you can view the video tutorial and see for yourself how easy submitting an e-App can be. Sign up for one of our weekly webinars which will answer all your questions and take your production to the next level! You also have the choice to taking an application right away, or you can download software to take an electronic application without being connected to the internet.

If you have questions about e-App or need technical support, call 800-760-3434 Ext. 147 or direct at 512-719-0147. For product and marketing support call 800-760-3434 Ext. 286.

SAT-1314

 

National Western Life Insurance Company | 850 East Anderson Lane, Austin, TX 78752-1602
Agent Hotline: 800-760-3434 | Fax: 512-339-8350 or Email: mktg@nationalwesternlife.com

www.nationalwesternlife.com
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(11/21/2011)

Agent E-News Connection // November 2011



ALL WITHDRAWAL BENEFIT RIDER DISCLOSURE FORMS REVISED

Product

OLD Form Number

NEW Form Number


Income Outlook
Income Outlook
Income Outlook (for use with IMPACT 7S only)
Income Outlook Plus 5
Income Outlook Plus 5 (for use with IMPACT 7S only)


DM-1049.Rev.3.11
DM-1049-NJ&VI.Rev.3.11
DM-1204
DM-1120.Rev.3.11
DM-1203


DM-1049.Rev.10.11
DM-1049-NJ&VI.Rev.10.11
DM-1204.Rev.10.11
DM-1120.Rev.10.11
DM-1203.Rev.10.11


The new consumer disclosures will be available for download on the BEACON website on Monday, November 14, 2011. Printed versions will be available to order through FormSource beginning November 18, 2011. The updated versions will be included with e-App beginning December 19, 2011.

Remember, using BEACON is always the best way to verify that you are using the most current version of any form.

The deadline for submitting the previous version is Friday, November 11, 2011. We cannot accept old versions after the deadline!

SAT-1289.Rev.11.11

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The NWL e-Application is Here! Sign up for a live demonstration and get started today. Log on to Beacon and click on the red e-app graphic on the right side of the page to reserve your spot and learn more about how the e-Application process can make working with National Western Life Faster, Easier, Better!
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(10/31/11)


NATIONAL WESTERN LIFE ANNOUNCES
ANNUITY PRODUCT CHANGES

National Western Life has always taken pride in being a producer's dream company. Innovative products, generous compensation, and accessible staff all make for an ideal destination for your annuity business. The Company is known for its fixed and indexed annuity products offering protection of policyholders' values and delivering long term performance guarantees.

Unfortunately a number of concerns are emerging as interest rates stay at almost historically low levels. These include the impact of long term guarantees embedded on our products, the ability of the Company to achieve its required interest spreads now and in the future, the dilution of our portfolio investment yields, and the surrender risks associated with a possible rapid future increase in interest rates at some point in the future.

Because of this economic environment and like other carriers, we have had to make some tough decisions. We recently lowered rates and adjusted commissions on several of our annuity products. However, due to a number of factors outside NWL's control, investment yields on new investments continue to decline, and this situation is not expected to change in the foreseeable future. Therefore, we must now take further measures to protect the long term financial strength that our policyholders, agents, and shareholders have come to rely upon. Given the higher long term guarantees in our fixed interest only products, we must now withdraw the NWL Protector One®, NWL Accumulator Five®, and NWL Prevail Seven® annuity products until new versions are available with flexible rate guarantees. We are in the process of getting approvals and implementing new versions of these plans.

The same low interest environment is causing the Company to revise our withdrawal benefit riders. This environment is creating pressure on the rate often called the "roll up rate," which was not in place at the time these riders were originally priced.

We apologize for any inconvenience this may create. The Company was willing to hold firm on our product offerings until it became clear that this low interest rate situation was not going to resolve itself quickly. President Ross Moody stated, "Our goal of providing our distributors with the best product offerings in the industry still remains, but the long term strength of National Western Life must be the key consideration in today's interest rate environment to ensure we are a carrier you and your clients can count on for many years to come."

Withdrawal of Protector One®, Accumulator Five®, and Prevail Seven®

Applications for the NWL Protector One®, NWL Accumulator Five®, and NWL Prevail Seven® must be received on or before November 11, 2011.

Change in Current Interest Rate on NWL® Income Outlook and
NWL® Income Outlook Plus Five

The current interest rate used in the calculation of the Accumulation Period Withdrawal Payment Base is changed to 4% from the current 5%. This is effective for policies and riders received on or after November 12, 2011.

For information on products offered for sale, please visit NWL® BEACON at www.nationalwesternlife.com or call the Marketing Department at 800-760-3434.

SAT-1321

 







(9/8/11)

Agent E-News Connection // September 2011

2 month bonus program

Wow! What a deal! Don't miss out on the Fall Commission BONUS for NWL Lifetime Returns Select® and NWL® Lifetime Returns Solutions. The BONUS will be paid to the writing agent* for applications dated on or after August 1, 2011, and no later than September 30, 2011. The applications must be received at NWL® by October 17, 2011; and issued-and-paid by December 31, 2011.

  • NWL Lifetime Returns Select® Single Premium: Commission Bonus 2% of Single Premium
  • NWL Lifetime Returns Select® 5 Pay Premium: Commission Bonus 10% of Target Premium
  • NWL Lifetime Returns Select® 10 Pay Premium: Commission Bonus 15% of Target Premium
  • NWL® Lifetime Returns Solutions 5 and 10 Pay Non-Tobacco: Commission Bonus 2% of SPIA Premium**
  • NWL® Lifetime Returns Solutions 5 and 10 Pay Tobacco: Commission Bonus 2% of SPIA Premium**

The weather in Texas is hot, hot, hot and so is this BONUS!

For more information, contact the Marketing Department at 800-760-3434 or email at mktg@nationalwesternlife.com.

*In the event the writing agent is contracted as a Special Producer receiving no compensation from NWL®, the bonus is paid to the recruiting Agent/Agency receiving the compensation.

**Bonus excludes State Premium Tax on the SPIA Premium.

SAT-1306

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The NWL e-Application is Here! Sign up for a live demonstration and get started today. Log on to Beacon and click on the red e-app graphic on the right side of the page to reserve your spot and learn more about how the e-Application process can make working with National Western Life Faster, Easier, Better!
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National Western Life Insurance Company | 850 East Anderson Lane, Austin, TX 78752-1602
Agent Hotline: 800-760-3434 | Fax: 512-339-8350 or Email: mktg@nationalwesternlife.com

www.nationalwesternlife.com
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(9/7/11)

VISIT OUR AGENT FRIENDLY NWL® WEBSITE TODAY!

NWL® Solutions Illustration Software Update v.1.06.0031 is now available on BEACON.

Don't have the software yet? Download the new software today!

A new version of NWL® Solutions Illustrations has been released...get yours today!

If you have problems downloading or updating your Illustration Software (NWL® Solutions), please contact the Marketing Department at 1-800-760-3434 or mktg@nationalwesternlife.com.

SAT-1215.Rev.9.11

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The NWL e-Application is Here! Sign up for a live demonstration and get started today. Log in to Beacon and click on the red e-app graphic on the right side of the page to reserve your spot and learn more about how the e-Application process can make working with National Western Life Faster, Easier, Better!
- - - - - - - - - - - - - -

 

National Western Life Insurance Company | 850 East Anderson Lane, Austin, TX 78752-1602
Agent Hotline: 800-760-3434 | Fax: 512-339-8350 or Email: mktg@nationalwesternlife.com

www.nationalwesternlife.com
Unsubscribe