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MONTHLY OVERVIEW: November Updates, Recaps and Department News

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Agent Gateway Website Guided Tour – Webinar Replay

 

If you’re not taking full advantage of the data and resources available on the Agent Gateway Website, this is the webinar for you! Click Here

 

Learn how to:

  • Register your secured Agent Gateway account
  • Access your business and commissions
  • Establish personal Delegate Accounts for your staff
  • Order sales supplies and build illustrations
  • Submit business with E-App, and documents with Upload A Doc
 

News Briefs

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Administration

Year-End Processing

EquiTrust will be closed 12/31/2021.

  • Good-order RMD requests received 12/31/2021 will be backdated  and processed for Tax Year 2021.
  • Premium, applications, inforce and death-claim requests received 12/31/2021 will be processed in Tax Year 2022.
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Administration

E-Delivery Coming Soon!

Electronic delivery of contracts will be available in the coming weeks.  Watch for further details on this convenient enhancement.

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Administration

MarketPower Bonus Index – Disclosure Form Revision

The Disclosure Form for MarketPower Bonus Index has been revised and is now on AppBuilder and E-App. The updated version is ET-MPP-1101(10-21). The prior version dated 05-21 will be accepted through 12/30/21; beginning 1/1/22, the 10-21 version will be required. 

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Training

Revised NAIC Model Regulation Adopted in 16 States –
Training Required

The National Association of Insurance Commissioners (NAIC) revised the Suitability in Annuity Transactions Model Regulation 275 in February 2020. Currently, fifteen states have adopted the Regulation:

  • Alabama
  • Arizona
  • Arkansas
  • Connecticut
  • Delaware
  • Idaho
  • Iowa
  • Kentucky
  • Maine
  • Michigan
  • Mississippi
  • Montana
  • Nebraska
  • North Dakota
  • Ohio
  • Rhode Island
  • Texas
  • Virginia

The revisions require completion of EITHER a 1-hour General Annuity Training CE course available to producers who have taken the previous NAIC Annuity Suitability training, OR a new 4-hour General Annuity Training CE for those who have not taken it previously. General Annuity Training CE must be completed with a training vendor approved by the state in which they are selling. 

 

Before doing business in these states, agents must fulfill the General Annuity Training requirement and provide a certificate of completion to EquiTrust prior to soliciting or selling. Send by FAX to 515-226-5102, or email: [email protected]. For information about General Annuity Training vendors, visit Agents.EquiTrust.com. In the upper right corner, click Agent Training. Or, click here.

 

Carrier Product Training – No additional or new requirement 

EquiTrust agents must also complete EquiTrust annuity product training. The product training requirement is not impacted by the revised Model Regulation. To complete EquiTrust Annuity Product Training visit Agents.EquiTrust.com, then click Agent Training in the upper right hand corner. Or, click here. You may view your personal training history upon login to the Agent Gateway website.

Holiday-Closure Schedule

Thursday, December 23

Friday, December 24

Friday, December 31                    

Early Closure at 2:00 Central

Christmas

New Year's Eve

 

866.598.3694

Agents.EquiTrust.com

Products underwritten and issued by EquiTrust Life Insurance Company, West Des Moines, Iowa. Products distributed by EquiTrust Insurance Marketing Services; in California doing business as EQT Insurance Marketing Services.

IC21-ECN-1127

FOR PRODUCER USE ONLY

EquiTrust

7100 Westown Pkwy Suite 200
West Des Moines, IA 50266

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