Aegis Financial will keep this webpage updated with any recent, important carrier changes to help you prepare for your week ahead, so you’ll know exactly which carriers to be mindful of. Only those carriers that have changes are listed. Any interest rate adjustments, product changes and even new state product approvals are included with links to receive complete details.
Annuity Carrier News
Great news! Rates are rising on select Athene products. These changes will be effective with a contract date on or after April 16, 2021. Please click here for the rate grids with current and new rates.
Sagicor is increasing its MYGA 5-year guaranteed rates on April 8. See all MYGA Rates here.
Interest rates increase effective April 2nd. Please Note: 45-Day Rate Lock (for rate decreases) does not apply to the Minimum Guaranteed Rates or to the Keystone Participation Rate Strategy. The Participation Rate Strategy is NOT rate locked and will be issued with the Participation Rate in effect on the buy/issue date after paperwork is in good order and premium(s) are received. Click here for details.
Oxford is changing interest rates effective April 1st. Click here for details.
The Pacific Life Index Dimensions rates are increasing effective April 1st. Click here for the new rates.
Effective April 5th, Global Atlantic is changing rates on SecureFore 3 & 5 Fixed Annuities and ForeCare Fixed Annuity. Click here for Global rates.
Effective March 19th, Athene is increasing the benefit base bonus on the Athene Agility series from 15% to 20%! Please click here for additional details.
New rates are effective on 03/16. Symetra is increasing rates on the Edge Plus 7 (not the 5 yr) and Income Edge. There is no change to Stride and no change to fixed annuities.
Applications signed 03/16 and after will receive the new, higher rates. Click here to review all the updates.
Lincoln has issued a rate change effective on 3/15 on Opti Blend 10.
$100K+ Premium Band:
- 80 bps (Spread) on the 1 Year S&P 500 DRC Index
- 80% (PAR) on the 1 Year Fidelity AIM Dividend Index
- 4% Annual (Cap) S&P 500
- 1.4% Fixed Account
Click here for combined rate sheets.
Life Carrier News
Recent changes to Internal Revenue Code sections 7702 and 7702A have lowered the minimum interest rate assumptions used in calculating premium limits. This is good news as it increases the funding limits for policies to qualify as life insurance and allows for higher premiums relative to the specified amount before becoming a modified endowment contract (MEC). Starting April 12, 2021, the new rates will be applied to new business for the following products:
- IUL products — Nationwide IUL Accumulator II 2020, Nationwide IUL Protector II 2020, Nationwide Survivorship IUL 2020, Nationwide YourLife IUL Accumulator-New York only, Nationwide YourLife IUL Protector-New York only
- VUL products — Nationwide VUL Accumulator, Nationwide VUL Protector
- Linked-benefit UL — Nationwide CareMatters® II and Nationwide YourLife CareMatters® (New York & California only)
The illustration software will be updated with the new 7702 and 7702A rates on April 9, 2021.