Carrier Updates

MGSV-MGIR Rate Increasing & CS Tech Edge Now UBS Tech Edge

Increase to MGSV-MGIR Rate:

American Equity is pleased to announce that the Minimum Guaranteed Surrender Value-Minimum Guaranteed Interest Rate (MGSV-MGIR) is increasing on American Equity fixed and fixed index annuity products. This change is effective as of January 1, 2024.

For all of the AssetShield™ series, IncomeShield™ series, EstateShield™ series, GuaranteeShield™ series and FlexShield™ 10 contracts, the new MGSV-MGIR rate will be 3.00%. 

Contracts issued on January 1, 2024, and after this date will receive the new rates. There will not be any adjustments made to the previously issued contracts made before January 1, 2024. There will be no exceptions to this rule. 
 
Index Name Update: Credit Suisse (CS) Tech Edge is Now Becoming UBS Tech Edge

Due to the purchase of Credit Suisse by UBS, the index sponsor is being changed from Credit Suisse International to UBS AG, London Branch. Shield Suite products with CS Tech Edge indices will be changed to UBS Tech Edge indices.

As a note, the American Equity materials and digital platforms will reflect this change as of January 1, 2024. Bloomberg and other platforms will update this change by by January 8, 2024.

The ticker will remain as CSEATEDG and the crediting rates will not change as a result of the name change.

In order to get the updated sales materials and to order your own custom ad slicks, please log into American Equity's MyPortal. 

To contact American Equity, go to www.american-equity.com. You can also call American Equity at 888-647-1371  

 

* Annuities and Rider issued under form series ICC22 BASE-IDX, ICC22 BASE-IDX-B, ICC21 BASE-IDX-MSP, ICC21 BASE-IDX-SP, ICC20 BASE-SPDA, ICC22 IDX-11-10, ICC22 IDX-10-10, ICC22 IDX-10-7, ICC22 IDX-10-5, ICC20 MSP-10, ICC21 IDX-12-10, ICC20 SPDA-3, ICC20 SPDA-5 ICC20 E-PTP-C, ICC20 E-PTP PR, ICC20 E-MPTP-C, ICC18 E-MPTP-A, ICC21 E-SC, ICC20 R-LIBR-FCP, ICC20 R-LIBR-FSP, ICC20 R LIBR-W-FCP, ICC20 R-LIBR-W-FSP, ICC21 R-LIBR-W-BAV, ICC20 R-EBR, ICC20 R-ERR, 21 R-ERR, ICC16 R-MVA, ICC18 R-WSC, ICC20 R-EBR and state variations thereof. Availability may vary by state.

Rates are set at issue and subject to change.
Guarantees are based on the financial strength and claims paying ability of American Equity and are not guaranteed by any bank or insured by the FDIC. *

Ascension Complete is Becoming Wellcare Complete & Wellcare ACT Training Courses Changes

Wellcare is pleased to announce that on Jan. 1, 2024, Ascension Complete will become Wellcare Complete, a product of Wellcare by Allwell. The brand name change complements the plan's relationship as a wholly owned Centene company.

Key Information:

Cigna January Training Schedule

Check out the schedule below!

To register for a session, log in to Producers' University and search in the 'Instructor Led (Events)' tab.

United Home Life has a New Feature in their Agent Portal!

United Home Life/ United Farm Family Life is excited to announce their Agent Portal now includes a Secure Message Center! This new feature allows you to communicate with United Home Life in a secure and encrypted environment, ensuring the confidentiality and privacy of all messages exchanged. 

Rush Hospital System Joins Molina's Network for 2024!

Don't miss the exciting news! Rush Hospital System is now part of Molina's Network for 2024, ensuring even greater healthcare access and options for your clients! Rush Health is a clinically integrated network of providers, facilities, and hospitals across Illinois. With 2,000+ medical professionals rank among the state’s very best in quality and work together to ensure your clients meet their care goals.

 

A little bit about Molina

A brief overview of Molina reveals its rich history since 1980, offering managed healthcare services under Medicaid, Medicare, and Marketplace programs. Molina boasts an impressive 5.2 million members, and stands at the 126 position in the Fortune 500.

For residents of DuPage, Kane, Kendall, and Cook Counties, Molina provides the lowest-cost silver plans.

 

Their highlights for the silver plan include the following:

  • Molina Silver 8 100 Plan with a monthly $1 premium
  • NEW! Molina 12 100 with first 4 free PCP or MH visits also with a monthly $1 premium

 

All Molina Plans Include the following:

  • "My Health Perks" - Each member (must be of an age 18 or over) can earn up to $200 in gift cards per year with over 180+ gift card vendors to choose from
  • 24/7 Telehealth Virtual Care and the 24/7 Nurse Advice Line
  • Preventative Drugs for $0
  • Preventative Screenings for $0

For more information on the 2024 Illinois Heat Map, click here!

For a breakdown of Broker Commissions & Bonuses, click here!

To access Molina’s Marketplace Sales Manager Contact Info, click here!

 

 

If you have any questions or concerns, please refer to the below contact support units.

Molina’s Broker Support Unit

Phone: (855) 885-3179 

For Molina’s Broker Services: Option 1 or This email address is being protected from spambots. You need JavaScript enabled to view it. 

For Molina’s Broker CARE Team: Option 2 or This email address is being protected from spambots. You need JavaScript enabled to view it. 

For Commission Questions with Molina: Option 3 or This email address is being protected from spambots. You need JavaScript enabled to view it.

For Contracting Questions with Molina: Option 4 or This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Ambetter Health Louisiana Appointment Change for 2024

An important announcement from Ambetter Health:

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Main Office:
2401 Sardis Road North, Suite 110
Charlotte, NC 28227

Texas Office:
9441 Lyndon B. Johnson Fwy Suite 512
Dallas, TX 75243

Mississippi P&C Office:
180 Canal Place
Philadelphia, MS 39350

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