Rich Messina

  Introduction Insurance contracts can be complicated.  Every day we have conversations with financial advisors about what exactly is going on in the current insurance market.  Caps, spreads, participation rates, trigger rates, proprietary indices, regulation changes; why do some carriers offer higher initial contract rates while others have lower initial rates but a strong history […]

The indexed universal life (IUL) market is again impacted by new regulation which goes into effect May 1, 2023.  Actuarial Guideline 49-B  (AG 49-B) is the newest revision by the National Association of Insurance Commissioners (NAIC) in an effort show realistic policy performance returns and curb the aggressive hypothetical returns of bonuses and multipliers on […]

SECURE Act 2.0 was signed into law last week, bringing with it many changes to the retirement planning landscape.  Below are the major changes relevant to the insurance & annuity industry:Qualified longevity annuity contracts (QLAC) allowed in retirement plans QLAC limits raised from $135,000 or 25% of the account balance (whichever was less) to $200,000 with […]

  Original General Annuity Training Newly State Licensed 12/25/18Currently State Licensed 12/25/18 2020 Update General Annuity Training Newly State Licensed 6/22/22Currently State Licensed 12/22/22