Shaw American Has A New Redesigned Website And We Want to Know What You Think! To earn your $5.00 Gift Card please complete the survey in the top left hand corner of our website. Shaw American has completed a major overhaul of our website. We have added unique tools and information as well as other enhancements. These changes will allow you to readily find new customers, easily determine the best products for them and stay informed on current events that may affect your practice. We have highlighted a few of the additions/changes that we have made below: - "In the news" is located right in the center of the homepage. We have added a current events news link to our site to provide you with 3rd party articles which you can email to your clients so they will recognize you as an expert in Life, LTC and DI products.
- You will quickly be able to determine which carriers are going to be competitive for your client with the dozens of Guaranteed UL comparisons that we have ran. These are located on the home page under "UL Comparisons". Click Here tor a Shortcut to the UL Comparisons
- We have added a free term quoter that you can add to your website, It's called AQ2E and is designed so that all leads from your site come back directly to you. Contact us today for more information to display this tool right on your website!
- There's an APP for that! We have updated the iPhone/Android App so that you can run term and Guarantee UL quotes from your smartphone. Click Here to Download the Apple App or Click Here to Download the Android App
- Need help determining how much coverage your client needs? We have added a new tool to the quoting engine, just click on "determine need" and we'll tell you how much coverage your client needs.
- Product Updates are also located on the home page. Here we will give you all the most recent product information, changes and updates. Check here for pricing changes, underwriting updates or application and form changes.
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Your opinion matters!! In order to build a stronger business and serve you better we ask that you complete a short survey for us and let us know what you think. As a token of our appreciation we hope that you will accept a $5 Starbucks gift card for your time. Click Here to Complete The Survey |
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The Royal Baby Has Arrived!
Financial Planning After The Birth of a Baby is Important, Even for The Royal Couple
A 2011 report by The department of Agriculture said that it cost the average middle income family $235,000 to raise a child to age 17, this is according to USAToday.com. Although they are hardly considered a middle income family it is likely that even the duke and duchess of Cambridge have considered how The Royal Baby will affect their family finances.
The Royal Couple have planned for the arrival of the Royal Baby just like everyone else plans for their new addition. The only difference is that they have a lot more money to do it with. Will and Kate will buy diapers and food just like everyone else. It's the day to day expenses once the baby arrives that puts a dent in the family's finances if they aren't planned for. While most people consider the cost of education and health care but they don't always realize how quickly the everyday cost of diapers and formula will add up.
Even if private school isn't part of the game plan and your newborn won't have a title, there is financial planning, every parent can take when baby is on the way, including:
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Estate Planning - update your documents and name a legal guardian -
Retirement savings, life insurance - make sure the children are listed as contingent beneficiaries -
Homeowner's insurance - do you need to update your policy -
Auto insurance - safer is usually cheaper -
Paying for College - start saving as soon as possible -
Life insurance - is it necessary -
Possible divorce - even Will's parents went through a split
To Read the Full Article, Click Here
This is an awesome article to email to your clients that are young or expecting parents. Most insurance carriers will insure an expecting mother until she is in her eight month of pregnancy. It's important to apply early, most carriers will take weight gain into consideration but other common side effects such as diabetes and high blood pressure will change the rate class on your client causing the premiums to increase. If you need a quote, give us a call today at (800) 626-5888 or email@shawamerican.com.
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Allstate to Discontinue Annuity Sells
Last week Allstate announced the sell of Lincoln Benefit Life to Resolution Life Holdings Company for $600 Million. According to an article on InsuranceNewsNet.com, along with life insurance they are also bowing out of annuity sells. The products will be sold through the independent agency distribution channel business.
The deal is part of Allstate's plan to reduce its exposure to spread-based business, and part of Resolution Life's plan to expand into the United States. Resolution Life plans to acquire a number of life insurance businesses in the U.S., according to the Allstate statement, noting the new owners will be focusing on "the needs of existing customers over the long run," not on actively seeking new sales.
The statement also said that Resolution Life has "a long-term view of the market and is committed to retaining in-force customers."
Those comments will find receptive ears in the U.S., where many insurance professionals and observers have been wondering whether new players in the industry "get," and "get along with," the long-term nature of the life and annuity business. Producers who sold life and annuity policies issued by Lincoln Benefit especially will be interested in those comments, since the producers will want their customers not to be sold into the spin cycle of new ownership every few years.
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 Four Tips For Keeping Your Retirement Money Afloat
The fastest way to sink a retirement plan is not having a strategy to pay the bills for long-term care. Too many people simply bury their head in the sand and hope that day never comes. But when it does, the impact on their plans for retirement can be devastating. Yet there's a simple, sensible solution to help keep retirement afloat...long-term care insurance. Here are four things you can do:
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Help Your Clients Understand the Risk They Face - 70% of Americans over age 65 will require some form of long term care during their life. -
Guide Them As They Explore Their Options for Care - Many people believe that they can count on their family members. -
Explain How People Pay for Long Term Care Services - Do they realize that they may have to liquidate their assets? -
Show Them How Long Term Care Insurance Is a Better Solution - They can pay their long term care expenses, keep their assets and they don't have to burden a family member.
Click Here for the Full Article
Shaw American offers competitive long term care insurance policies with several carriers. Contact someone in our marketing department today for a quote at (800) 626-5888 or email@shawamerican.com. |
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Oh, You Didn't Tell Me That When We First Met
How many times during the underwriting process have you thought those same words?
Health surprises and the subsequent premium increase can sometimes break a case faster than you can say Preferred Plus. That is where Guaranteed Universal Life insurance can save the day. Some carriers offer table shave options on Universal Life Policies. When your client qualifies for the table shave program carriers will shave a rated case down to a standard rating. GUL policies also allow dialdown options and more room to play with the illustration so that we can meet your client's needs. Some companies don't have table shave options but have developed their own underwriting enhancement programs like United of Omaha's Fit Credit Program. What is unique about the Fit Credit Program is that your client can earn credits for non health related issues such as a preferred driving record and college education.
Shaw American has been able to help agents save cases by utilizing our table shave options with select carriers. If you currently have a case that you are working on or even a case that you worked on in the past give us a call. Our marketing experts will be happy to assist you in making sure that you provided your client with the best options available. Contact us today at (800) 626-5888 or email@shawamerican.com.
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Important Company Information |
John Hancock LTC to Introduce Gender-Distinct Rates in 5 Additional States: Effective July 29, 2013, total states affected will be 41... |
John Hancock has been moving to gender-distinct rates on its individual LTC insurance policies, reflecting the male/female differences in the probability of benefits usage. This effort began in the Compact states on April 29, 2013. On July 29, 2013, five additional states will move to gender-distinct pricing: Arizona, Delaware, New Jersey, Nevada, and South Dakota. |
If you have questions contact someone in our marketing department at (800) 626-5888 or email@shawamerican.com. |
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Lincoln Benefit Life Transition Rules
With the announcement of the sale of Lincoln Benefit Life Insurance we want to be sure to outline the transition rules. The following are the transition rules, as we end sales of Lincoln Benefit Life products through independent brokerages:
- Any informal/trial apps that are not processed by the end of business on July 18, 2013 will be closed out immediately
- Applications dated on or before July 18, 2013, and received in the home office on or before July 24, 2013, will be accepted
- Underwriting decisions for business submitted and received by these dates will be made no later than October 31, 2013
- Underwriting cases with outstanding requirements as of October 30, 2013, will be closed without a decision
- All initial modal premiums must be paid on or before November 30, 2013
- Money for 1035 exchanges must be received on or before November 30, 2013
If you have any questions regarding the transition rules please contact someone in our marketing department today at (800) 626-5888 or email@shawamerican.com. |
Principal Announces Reprice of its Survivorship Universal Life II: Effective July 29, 2013 | |
New SUL Protector II premium rates will be effective July 29, 2013. In general, single- and short-pay rates will see the greatest increases, with rates for level-pay scenarios having smaller increases. To receive current (1/2013) rates, applications for SUL Protector II need to be received in good order in the home office by July 26, 2013. |
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JOIN US - UPCOMING WEBINARS AND CONFERENCE CALLS |
Total Living Coverage (TLC) Webinar
July 25, 2013 @ 2:00pm EDT
Find out where TLC has the competition beat. When compared to its competition, TLC can give your clients:
Better protection
Your clients will always be guaranteed a minimum level of long term care and life insurance benefits
- In the unlikely event that your client's benefits eventually drop to their guaranteed minimum benefit levels, TLC still provides greater value than its main competitor.
That means in most cases our worst case scenario is better than their best!
Stronger guarantees
- Unlike its main competitor, TLC provides Couples Discounts and Preferred Health Discounts.
- TLC offers more risk classes, which adds up to better rates for preferred risk classes.
- TLC provides more care coordination services. The competition takes that cost out of your client's coverage maximum.
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Living Benefits Can Help Drive Sales Webinar
July 31, 2013 @ 11:00am Pacific Time
You may have already heard the buzz about Transamerica's Trendsetter ® LB-term life insurance with Living Benefits. Many life insurance professionals are calling it "Life insurance for the living" and "Old term vs. New Term."
Trendsetter LB offers valuable protection for chronic, critical and terminal illness as well as non-med options up to $249,999. Living Benefits plus death benefits in one simple solution-what a great story to share with clients and prospects!
Now is your chance to learn more about how Trendsetter LB can help grow your sales.
We're offering two new webinars that will take you through everything you need to know to sell this unique term product.
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Want to vacation with Shaw American!!! Just write a combined target premium of $75,000 in 2013 and you can join us! We will be traveling to The Royal Cancun in February 2014 for an all inclusive vacation. We don't want you to miss this!! Call us today for quotes on any cases that you are currently working on or let us take a look at your past business to see if we rewrite a case for a better rate. |
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Shaw American Financial Corp.
Phone: 800.626.5888
Fax: 888-329-7429
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