Pre-Submission Options for Replacement Business for Clients Age 81+

Consumers age 81+ are confronted with unique financial circumstances, needs, and objectives. Age is one of many important considerations when performing a comprehensive evaluation of a client’s financial options and objectives. Along with regulatory bodies, Nassau has an increased awareness for consumers age 81+ and requires that any recommendation to replace an existing policy/contract demonstrate a substantial financial benefit over the life of the contract.

To provide you an indication as to whether or not your replacement business for annuitants age 81+ will be considered, our suitability team has created two options to help prior to formal submission:

Option 1

Email a completed pre-submission form to annuity.newbusiness@nsre.com. This may take up to 2 business days for review.

Option 2

Call our suitability department at 1-800-417-4769 opt 2, opt 2 to complete the pre-submission form with a suitability analyst.

Please note that the purpose of this pre-submission check is not in any way a final approval or denial. Refer to Nassau’s Suitability Policy and FAQ located on Salesnet for more detailed information regarding these types of sales.

Disclosures

For Producer Use Only. Not for use in solicitation or advertising to the Public. 

Product features, rider options and availability may vary by state. Actual product details, including all terms and conditions that apply, are contained in the annuity contract. Product sales must be appropriate based on a comprehensive evaluation of the customer’s financial situation, needs, and objectives. Lifetime payments and guarantees are based on the claims-paying ability of the issuing company.

Annuities are issued by Nassau Life and Annuity Company (Hartford, CT). In California, Nassau Life and Annuity Company does business as “Nassau Life and Annuity Insurance Company.” Nassau Life and Annuity Company is not authorized to conduct business in MA, ME, MN, and NY, but that is subject to change. In New York, annuities are issued by Nassau Life Insurance Company (East Greenbush, NY). Nassau Life and Annuity Company and Nassau Life Insurance Company are subsidiaries of Nassau Financial Group. The insurers are separate entities and each is responsible only for its own financial condition and contractual obligations. BPD40343

Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee. 

© 2020 Nassau

No comments
Anthony LaRosaPre-Submission Options for Replacement Business for Clients Age 81+