Shaw American Financial Update
Company News you can useOctober, 2012
In This Issue
Review and Renew
AG38
Webinar Replay

Featured Article


Review and Renew


With all the changes going on in the industry it has never been a better time to meet with your clients and finalize those hold outs that have been putting you off all year long. With Shaw American's Review and Renew program we can take a look at your  clients existing coverage and see if their current coverage is still right for them and performing at the standards they have expected.

 

Please contact Shaw American Today so we can do a full Review and Renew process for your clients.

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Phone: 1-800-626-5888

Fax: 1-888-329-7429
Many Important changes are taking place in our industry and you need to stay informed to be able to make the right choices for your clients.
 
 

It is a strange anomaly that people will insure their houses, their ships, their merchandise and yet neglect to insure their lives, surely the most important of all to their families, and more subject to loss.....

-Benjamin Franklin
AG 38

 

Actuarial Guideline 38 was created in 2003 to clarify Valuation of Life Insurance Policies Regulation (#830) - commonly referred to as Regulation XXX - which set forth reserve requirements for all universal life products that employ secondary guarantees (ULSG), with or without shadow account funds. Contracts that used specified-premium secondary guarantees were captured by Regulation XXX, which treated them similarly to guaranteed level term contracts. AG 38 was a regulatory response to other more complex contracts that opted for a shadow fund account design in order to compensate for the increased XXX reserve requirements.
The Actuarial Guidelines have changed several times over the years but with this final change that will take place on January 1, 2013 must of the carriers are making changes to their Universal Life portfolios and some Term.
 
Shaw American has set up a special tab on our website labeled Product Deadlines that will help you stay up to date on all the Company and Product Changes.
 
Companies already listed on the Product Deadlines Tab
  • American General
  • Aviva
  • Genworth
  • ING
  • John Hancock
  • Lincoln Benefit Life
  • North American
  • Prudential
 
Webinar Replay
Webinar Replays 
Please visit our Webinar Replay tab on the website for useful webinar's for you and some for the consumer. Also keep an eye on the calendar of events for upcoming Conference Calls and Webinars that you may not want to miss.
 
Coming Soon:

 Some existing Webinar's:

 

Genworth Actuarial Guideline 38:

 

On Wednesday, September 12th, the NAIC adopted changes to Actuarial Guideline 38 which addresses the reserve requirements for secondary guarantee universal life insurance products.
Transamerica-Trendsetter series  all of the benefits of term life insurance with policy choices that meet a variety of client needs. Watch our short consumer facing video on the importance of term life insurance and feel free to share it with clients and your prospects.

 

American National Retirement Plan Review presented by Robert V Kline, J.D. Discusses the need to do a Life Insurance and Annuity Audit on your clients cases which is good for the client, access existing clients, access new clients and a source of revenue. Don't leave money on the Table! Remember to ask about their retirement plan! Do a review of whatever retirement plan may be in place (if any)?

 

Principal Business Owner and Executive Solutions

We help make it simple and profitable to work in the business market. Our team of experienced professionals can help you deliver customized solutions to meet your clients' unique needs. And you can rely on our top-notch support to be there for you before, during and after the sale. It all comes at no cost* to you or your clients, so working with us isn't just easy, it can be profitable too. *Annual fees do apply to services for deferred compensation plans.

 

Whether your client is afraid of needles or needs insurance fast we have the products for you! Shaw American has the top simplified issued Term, Universal Life, Whole Life, Group Life Insurance, Disability and Long Term care companies.

 

  Companies:

  • American Memorial
  • Assurity
  • Banner
  • Fidelity
  • Foresters
  • One America/State Life 
  • Peterson's International 
  • United of Omaha
  • United Home Life

 

 ASAP Service

Accelerated Shaw Assist Program.

 

Available for the following Companies:

 

AXA-Banner-Genworth-ING-John Hancock-Lincoln Benefit-Lincoln Financial Group-MetLife-Nationwide-Principal-Prudential-Transamerica-United of Omaha

 

Coming Soon: SBLI and Protective