Skip to content
  • Home
  • About Us
    • Introduction
    • Our Staff
    • Our Location
    • Medias
    • Career
    • TransGlobal Website
  • Carrier News
    • Our Carriers
    • News
  • Agent Tools
    • FIND A FORM
      Allianz LifePro+ Advantage Forms

       

    • LOOK UP PRODUCTS
      COMPARE PRODUCTS
      i-GO eAPP
      RUN A TERM LIFE QUOTE
    • CONTRACTS AND LICENSING
      CHECK CASE STATUS
      ANNUITY RATE WATCH
    • SOLO401K WEBSITE
      SOFTWARE DOWNLOAD
    • XRAE BROKERAGE LOGIN
    • VIDEO TRAINING LIBRARY
      LEARN MORE ABOUT IUL
    • UNDERWRITING SERVICES
    • VIDEO GENERATOR
      FLYER GENERATOR
  • Resources
    • EA Class 2022 (CH)
    • Pre-Licensing Class (CH)
    • TransGlobal Training
  • Contact
  • 中文
Get a Quote
  • About Us
    • Introduction
    • Our Staff
    • Our Location
  • Our Carriers
    • Carrier News
    • News
  • Agent Tools
  • Online Course
    • EA Class 2022 (CH)
    • Pre-Licensing Class (CH)
    • TransGlobal Trainings
  • Contact
  • Life Insurance Quotes

Others

American Equity – LIBR Rate Change and Product Discontinuation Effective Dec. 31, 2015

Home/Others/American Equity – LIBR Rate Change and Product Discontinuation Effective Dec. 31, 2015

Hurry! Rate Change!
Rate Adjustments and Product Changes Effective Dec. 31, 2015

Due to the required use of new mortality factors that will cause higher reserve requirements for guaranteed income riders issued in 2016, American Equity is announcing rate changes to its Lifetime Income Benefit Rider. Additionally, the Enhanced Death Benefit and the Heritage Gold product will both be discontinued.

Lifetime Income Benefit Rider
To receive current Income Account Value (IAV) rates on the Lifetime Income Benefit Rider (LIBR), original applications along with cash or 1035/Direct Transfer paperwork must be received in our office by 4:45PM CST on Wednesday, Dec. 30, 2015. No faxes will be accepted. Applications received Thursday, Dec. 31, 2015, and after will require new disclosures and receive new rates. NO EXCEPTIONS! There are no fee changes.

Also, effective Thursday, Dec. 31, 2015, the Enhanced Death Benefit Rider (ICC14 R-LIBR-EDB) will be discontinued. Applications choosing to elect this rider must be received in our office by 4:45PM CST on Wednesday, Dec. 30, 2015. NO EXCEPTIONS!

New LIBR Rates

IAV Rate Changes CURRENT IAV RATES NEW IAV RATES
LIBR with No Fee
4.00%
3.00%
LIBR Income Only (Age 50+)
6.50%
5.50% (0.75% Fee)
LIBR Income Only (Age 50+)
7.00%
6.00% (0.90% Fee)
LIBR with Wellbeing (Age 50+)
6.50%
5.50% (0.85% Fee)
LIBR with Wellbeing (Age 50+)
7.00%
6.00% (1.00% Fee)

Choice Series Version – Optional

Income Only (Age 50+)
7.00%
6.00% (0.90%)
LIBR with Wellbeing (Age 50+)
7.00%
6.00% (1.00%)

Fixed Lifetime Income Benefit Rider

Income Only with No Fee
4.00%
3.00%
Income Only (Ages 50+)
6.50%
5.50% (0.40% Fee)

Heritage Gold (ICC11-IDX2)
Effective Thursday, Dec. 31, 2015, all sales for the Heritage Gold will be discontinued. Applications for this product must be received in our office by 4:45PM CST on Wednesday, Dec. 30, 2015. NO EXCEPTIONS! Please discard any brochures, disclosures and marketing material you have relating to this product.

Call our Marketing Department at 888-647-1371 or visit our website for more information.Thank you for your business and support!

Riders issued under form number ICC14 R-LIBR-ED.

Thank you!

Sales Support Team @ Transpacific Financial Inc.

 

Recent Posts

  • 2022 – Fourth Quarter
  • 2022 – Third Quarter
  • 2022 – Second Quarter
  • 2022 – First Quarter
  • 2021 – Third Quarter
  • 2021 – Third Quarter
  • 2021 – Second Quarter
  • 2021 – First Quarter
  • 2020 – Fourth Quarter
  • 2020 – Third Quarter

Find us on Facebook

Related Posts

  • North America – Income Protection Grid

    March 1st, 2016|0 Comments
  • North American – Product Discontinuation

    February 4th, 2016|0 Comments
  • North American – Important Information Regarding AG49 Phase 2

    February 3rd, 2016|0 Comments
  • North American – Upcoming Changes to Cap, Participation, and Illustrated Rates

    January 30th, 2016|0 Comments

Grow Your Business Strategically, and Improve Customer Retention.

Menu
  • TransGlobal Website
  • TransGlobal TV
  • Contact Us
  • Career
News
  • 2022 – Fourth Quarter
  • 2022 – Third Quarter
  • 2022 – Second Quarter
  • 2022 – First Quarter
Our Seminars

© 2020 • Transpacific Financial Inc • All Rights Reserved

Call Us (888) 831-8868 | (626) 447-7888

info@transpacificagency.com

Page load link