Americo Updates Procedures for Annuities Brokers

Americo has implemented updates to its Sustainability in Annuity Transactions Model Regulations. Appendix A, the Insurance Agent Disclosures for Annuities form, or form DFS-H1-1990, must now be submitted with all new annuity applications. 

Best Interest Standard Coming to New Hampshire

The NAIC Best Interest Standard was enacted in New Hampshire on February 16, 2024. There are two updates necessary to conduct business.

Required Training

  • Life insurance producers licensed on or after February 16, 2024, must complete an annuity training course that meets the newly adopted INS 305 requirements before selling annuity products.
  • Life insurance producers licensed before February 16, 2024, and who completed the annuity training course before January 1, 2024, will have until August 16, 2024, to complete the annuity training course, which meets the requirements of the newly adopted INS 305.
  • Life insurance producers who were licensed before February 16, 2024, and who completed the annuity training course that meets the requirements of the newly adopted INS 305 on or after January 1, 2024, will be deemed by the department to be compliant with the rule's new training requirements.

New Disclosure Form

  • A new state-required disclosure form is available to help agents describe the nature of their client relationships.

The Department of Insurance in New Hampshire granted carriers a 60-day grace period, between February 16 and April 17, 2024, to become compliant with the new requirements of the INS 305. During this time, the Department withheld enforcement action against carriers to allow carriers time to comply with the new requirements. Agents who have not completed the training within the allotted time will have their commissions withheld until training is complete. All producers on the application must complete the continuing education and product-specific training.

Atlantic Coast Life: Building a Prosperous Future with Annuities

Building a Prosperous Future with the Safe Haven Annuity and Safe Harbor Annuity! 


In today's unpredictable financial landscape, predictability is priceless. For clients who prioritize a conservative approach to planning for their retirement future, the Safe Haven Annuity and Safe Harbor Annuity can be an excellent option.

While the rate guarantee maximizes clients' rates, the 3-year and 5-year durations offer some of the most competitive non-fee-based MYGA interest rates in the annuity market, according to Annuity Rate Watch. See their current rates below. 

ANICO: Revised NAIC Annuity Suitability Model Law

The NAIC recently proposed the adoption of a revised Annuity Suitability Model Law. Separately, the U.S. Securities and Exchange Commission (SEC) released a proposed rule package in May 2018, which included Regulation Best Interest (Reg BI). The SEC finalized Reg BI in June 2019. The final Reg BI establishes a best-interest standard of conduct for broker-dealers beyond the existing suitability obligation that applies to federally registered variable annuities.

Americo: New Annuity Rates Now In Effect

Rates for Elite 5 Annuity, Platinum Assure Series, and Ultimate One Index Series have changed effective April 28, 2023. New contracts issued on or after April 28, 2023, will receive the new rate. Applications received in the Home Office by April 27, 2023, 5:00 PM, Central, have previous rates locked in.

ANICO: Annuity New Business Processing

American National values their capacity to service their policyholders and clients. That is why they are committed to being transparent in how they are addressing the new business processing delays within their annuity division.


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