Sentinel Security Life – Product Updates 11/10/2014
THIS WEEK AT SENTINEL SECURITY LIFE
ANNUITIES: PERSONAL CHOICE ANNUITY 5 & 7 YEAR PRODUCTS – RATE
ADJUSTMENT NEW SUITABILITY FORM NOW IN ALL ANNUITY APPLICATION
PACKS
LIFE: ALL TRUE STORIES – VIDEOS FOR YOU TO VIEW AND SHARE
HEALTH: 2015 MEDICARE SUPPLEMENT OUTLINES OF COVERAGE NOW
AVAILABLE
Sentinel Plan Annuity Products
Personal Choice Annuity Rate Adjustment – Effective
11/17/2014
Effective November 17, 2014 Sentinel Plan’s Multi-Year Guarantee Annuity rates for the 5 and 7 year products will be decreasing by 10 basis points. To download an updated Annuity Rate Sheet, please click below or you may also download at any time using our Agent Portal.
*Please remember to manually update your annuity software
on November 17, 2014.
November 16, 2014: Date applications must be signed to receive current rates. Applications must be signed before or on November 16, 2014 to receive the current crediting rates.
November 17, 2014: Date when new crediting rates take effect. Any application signed on or after November 17, 2014 will receive the new crediting rates.
November 24, 2014: Date application must be received in Home Office to receive current rates. Applications signed before or on November 16, 2014 must be received in the Home Office by November 24, 2014 to receive the current crediting rates. We will accept faxed or e-mailed applications on November 24, 2014 if hard copies are received in the Home Office on November 25, 2014.New Business E-mail:
newbusiness@sslco.com
New Business Fax: 888-433-4795
December 31, 2014: Date 45-day rate lock ends. All transfers and exchanges for any application signed on
November 16, 2014 or earlier must be completed by December 31, 2014 in order to receive the current crediting rates.
New Suitability Form and Questionnaire in Annuity Applications
We have recently updated our Suitability Form and Questionnaire in all annuity application packs. We will continue to accept existing application packs that have the previous version of the Suitability Form until stock runs out exceptfor Florida applications, where the new Suitability form is REQUIRED. All application packs are available for download in the Agent
Portal.
Some notable changes to the Suitability form:
“Net Worth” has been changed to “Existing Assets”
“Liquid Assets” has been changed to “Existing Liquid Net Worth”
Under the Living Expense questions, there are no longer explanation boxes. There is now an Additional Information section at the bottom of page 2
“How long do you plan to keep the proposed annuity?” has been changed to “How many years from today will you need access to your funds without a penalty?”
The Acknowledgement Statements were updated to:
1. I REFUSE to provide this information at this time
2. I have chosen to provide LIMITED information at this time
3. My annuity purchase is NOT BASED on the recommendation of this agent or the insurer
4. My annuity purchase IS BASED on the recommendation of this agent or the insurer
Sentinel Plan Life Products
Final Expense Whole Life Insurance
Want to learn more about our Sentinel Plan New Vantage products? We have some basic information on our website as well as some materials for you below. If you are are interested in
selling our New Vantage product, please contact our sales team at sales@sslco.com.
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