Interbrand, a brand strategy and design consultancy, has rewarded the AXA Group for reaching 48th place in the 2015 Best Global Brands ranking. AXA also joins the Top 50 of Interbrand, which values the brand at $9.254 billion. This rise in the rankings acknowledges AXA’s positioning in key sectors and its decisive initiatives, which enabled the Group to exceed its objectives and affirm its position as global leader.
American International Group, Inc. (NYSE: AIG), a global insurance organization that traces its roots back to the establishment of a small insurance agency in China nearly a century ago, has launched a sweeping initiative to expand access to life insurance for Chinese-American consumers in the United States. As part of AIG’s blueprint for building further on the transformative growth strategy announced in 2014 for its product distribution network, the carrier has begun recruiting several hundred additional life insurance agents to address the needs of Chinese-Americans and is implementing an array of other measures to augment its service to them.
AIG’s research indicates Chinese consumers value permanent life insurance. The carrier believes its Quality of Life … Insurance® product suite – known as “life insurance you don’t have to die to use” and centered on flexible solutions designed to address multiple consumer needs – resonates strongly in the Chinese-American market. For more information about opportunities with AIG Financial Network, visit www.aig.com/chinesejobs.
The Guardian Insurance & Annuity Company, Inc. (GIAC), a wholly-owned subsidiary of The Guardian Life Insurance Company of America® (Guardian), introduced its first Qualifying Longevity Annuity Contract (QLAC) for The Guardian SecureFuture Income Annuity SM. Now individuals can designate a portion of their qualified Individual Retirement Account (IRA) assets for use later in retirement so that these funds will not be subject to required minimum distributions (RMDs) beginning at age 70½.
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Imeriti Financial Network (IFN) just concluded their tenth and final IUL Boot Camp of 2015. This two-day, all-expenses-paid event was held at the Gateway Marriott hotel in Atlanta, Georgia on October 15-16, 2015. During this event, 55 agents heard from several expert speakers in the Indexed Universal Life (IUL) space. During each presentation, experts were able to walk participants through detailed sales ideas and marketing programs, while providing advice on structuring IULs for maximum client benefit. Social Media expert, Amy McIlwain, also joined the event to discuss cutting-edge social media secrets elite life insurance producers are using to help promote their business.
IFN CEO, Jacob Stern commented on the event by saying, “The attendance we get during each event is incredible. IFN is now recognized as one of the top leaders in the industry for training life insurance agents.” To find out more information on IFN’s premier IUL Boot Camps, contact IFN by email at [email protected] or by phone at 866-736-0652.
Jefferson National, the creator of a tax-advantaged investing platform for Registered Investment Advisors (RIAs), fee-based advisors and the clients they serve, has announced a partnership to offer a seamless data interface with Orion Advisor Services, LLC (“Orion”), a premier portfolio accounting service provider for advisors. Jefferson National’s Monument Advisor, a Flat-Fee Investment-Only Variable Annuity (IOVA) with more than 350 underlying funds, is a transparent, no-load tax-advantaged investing platform used by more than 3,000 RIAs and fee-based advisors nationwide to build more wealth for their clients through the power of tax deferral.
Orion provides a customizable technology solution including account management, trading, performance reporting and business intelligence, used by more than 700 advisory firms. The creation of a data interface for Jefferson National’s Monument Advisor on the Orion platform will allow RIAs and fee-based advisors to provide more holistic financial advice, by aggregating tax-deferred assets alongside taxable vehicles within a single advisor workstation with real-time data and seamless transaction capabilities.
Massachusetts Mutual Life Insurance Company (MassMutual) introduced the Guaranteed Acceptance Life Insurance to help pay for the rising cost of final expenses such as funeral costs, remaining medical bills or other consumer debt. Guaranteed Acceptance Life Insurance is a non-participating whole life insurance policy that will not be eligible for dividends.
In other MassMutual news, the company also announced its redesigned digital experience at MassMutual.com, giving individuals, business owners and businesses an eas-to-use and highly engaging resource for planning, pursuing, managing and reaching their financial goals. Developed using responsive design technology, the site adapts intuitively to all devices including desktop, mobile, and tablets and is equipped with basic Web accessibility features based on guidelines in line with the Americans with Disabilities Act (ADA).
New York Life has launched a new income annuity, Mutual Income, designed to offer clients the opportunity to directly participate in the company’s mutual structure. Separately, New York Life has expanded its income annuity options available on tax-qualified savings. Both innovations address the growing demands of retirees and pre-retirees. Mutual Income works much like a traditional income annuity, where income can begin immediately or be deferred until a future start date of the client’s choosing. As with other income annuities, a client invests a lump sum with an insurer, and receives an income stream that’s guaranteed for life. But unlike traditional income annuities, the total income amount is not capped at the guarantee. As policy owners, New York Life’s Mutual Income clients will also be eligible for annual dividends that can be used to increase their retirement income beyond the guaranteed amount.
NFP Advisor Services announced the addition of Greater Midwest Financial Group, reflecting its continued success in attracting independent wealth management firms to its broker-dealer and registered investment advisor (RIA) platform. NFP Advisor Services provides wealth management solutions, integrated technology and business consulting, including compliance services, to independent financial advisors. Greater Midwest Financial Group is an independent wealth management practice that offers estate, tax, education, retirement and investment planning services.
The Penn Mutual Life Insurance Company (Penn Mutual) announced the immediate availability of two new annuity products: Premier Foundation Indexed Annuities and Guaranteed Foundation Fixed Annuity. These additions to Penn Mutual’s annuity offerings will significantly enhance the company’s ability to serve a broad range of consumer needs. Premier Foundation Indexed Annuities are designed to offer consumers market based growth potential tied to the performance of leading market indices (up to a cap) — without the downside risk of direct market investment. Meanwhile, the Guaranteed Foundation Fixed Annuity is designed for consumers seeking growth to help build a source of lifetime retirement income, fill retirement income gaps or safeguard a portion of retirement savings to allow for more aggressive investing of other assets. It is geared for those who prefer predictable, tax advantaged growth with more flexibility than alternative savings vehicles, such as certificates of deposit.