Experience the Section 79 Advantage
LSW SecurePlus Advantage 79 is a flexible premium indexed universal life product designed specifically for Section 79 plans.
When there is a need for life insurance, this one-product solution provides the flexibility to design the product one of two ways...
- focus on the current tax benefits, or
- focus on the cash value accumulation.
Key Features:
- Five interest crediting strategies with the choice of a fixed interest strategy and four index strategies
- Living Benefit Riders1
- Five-year declining surrender charge
- Variable and Fixed Loan Options with overloan protection2
- 1035 Exchanges with loans3
Stay tuned for the Sizzlin' Sales Concept in August as it will focus on SecurePlus Advantage 79 and the Section 79 market.
For more information, click here or contact the Life Sales Desk at 1-888-297-3990.
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Mark Your Calendar - Upcoming WebEx Training
The Life Sales Desk will be offering training WebEx sessions focused on SecurePlus Advantage 79 and the Section 79 market.
Thursday, July 17th
- 10:00 a.m. and 3:00 p.m. ET
Thursday, July 24th
- 10:00 a.m. and 3:00 p.m. ET
Wednesday, August 6th
- 10:00 a.m. and 2:00 p.m. ET
Directions:
1. Log on to http://nationallife.webex.com (DO NOT TYPE www).
2. If you’ve never used WebEx before, you MUST click on “SetUp” to download the plug-in and test your Internet connection before the meeting. This should only take a few minutes.
3. You will see “NLGroup Life Sales WebEx” listed on the home page. Click on NLGroup Life Sales WebEx.
4. Enter your name, e-mail address and meeting password (training). Click OK. You have joined the meeting.
5. You will also need to join the teleconference portion of the meeting by dialing 1-877-802-4003, at the prompt, enter your passcode - 310690 - and press #.
Please contact the Life Sales Desk at 1-888-297-3990 if you have any questions.
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TPAs for Section 79 Business
The first step to doing Section 79 business is to identify a Third Party Administrator (TPA) that you will want to work with in this market. If you are not currently working with a TPA, please click here for a list of current TPAs approved to do business with National Life Group.
If you have a TPA in mind that is not on our list, please refer to the steps listed on the marketing tool titled "Steps for TPA Doing Section 79 Business with NL Group."
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Interest Crediting Strategies - Current and Illustrated Rates
Interest Crediting Strategies
| Strategy |
Cap |
Participation Rate |
Max Illustrated Rate |
| Point-to-Point Cap Focus |
15.00% |
100% |
9.40% |
| Point-to-Point Part. Rate Focus |
11.50% |
140% |
8.50% |
| Point-to-Point No Cap |
No Cap |
65% |
8.60% |
| Point-to-Average No Cap |
No Cap |
120% |
8.10% |
Basic Strategy - 5.75%
Fixed Interest Crediting Strategy - 5.75%
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Want to Run an Advantage 79 Illustration?
Version 8.2 of IC Solutions, National Life Group's illustration software, is available for download from nationallife.com. In order to do so, please visit the "My Tools" > "Illustrations" > "ICS Home Page". There you will find all necessary information to make ICS 8.2 a success.
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State Approvals for SecurePlus Advantage 79
As of 7/14/08, LSW SecurePlus Advantage 79 has been approved in all 49 states* EXCEPT:
California
Illinois
Massachusetts
Mississippi
Missouri
Montana
Nevada
New Jersey
North Dakota
Pennsylvania
Utah
Virginia
*LSW is not licensed to do business in New York.
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Forms Update: Revised 8121 Life Application and Revised 8122 Supplemental Other Insured Rider Application
Please discard your supply of the 8121 application kits and begin using these revised applications for ALL LSW life products from this point forward.
For the states which have approved the "Advantage 79" product, the revised kits will include revised instructions, a revised application, form 8121(0707), a revised Supplemental Other Insured Rider Application for Life Insurance, form 8122(0708), a revised Interest Crediting Strategies, form 8613(0708), and a revised New Business Checklist, form 8632(0708).
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In The News: Advantage 79 Featured in Article, Ads, and Press Release
National Life Group is excited to be entering the Section 79 market, and we want to shout it from the rooftop! Well, kind of. As that can be quite unsafe as well as not the best method to get this information across the country, we chose a different approach.
Ads will be appearing in the upcoming editions of Life Insurance Selling, Broker World, and NAILBA's publication Perspectives. In addition, Peter Weinbaum, VP Advanced Business and Estate Planning, will have an article featured in the August 11th edition of National Underwriter titled "Section 79: It's Not Just Term Insurance."
Lastly, click here to view the press release that will be distributed this week discussing the launch of SecurePlus Advantage 79.
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