AIG: New 9-Month Commission Advance Reminder

Written by www.psmbrokerage.com Admin | Thu, Apr 28, 2022 @ 02:21 PM

Effective April 11: 9-month commission advances will be available when you sell SimpliNow Legacy ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Effective April 11

9-month commission advances
will be available when you sell
SimpliNow Legacy^SM

AIG has updated their commission terms to offer you 9-month commission advances, or 75% of annual commission, on this new SIWL life insurance product – with no annualization fee. This enhancement replaces your current 6-month, or 50%, commission advances with a fee.

Key things to know about this update:

•	This change on April 11, 2022 will affect all AIG products sold under your Transactional Markets Agent code. - Example: GIWL product sales will also move to 75% annualization or 9-month commission advance.
•	This change to 75% annualization removes the annualization fee.
•	There are no changes to chargeback guidelines.

With SimpliNow Legacy, you can close sales in as little as 20 minutes during one client visit, with real-time payments using our fast and easy electronic application (eApp). It offers instant underwriting decisions 100% of the time—with no medical exams.

Complete the four steps in the box and start selling today!

*This supplement is only for you and is not intended to be distributed to other parties. It is not valid unless delivered directly by AIG. SimpliNow Legacy is distributed exclusively by Transactional Markets Group, a division of AIG Financial Distributors.

Policies issued by American General Life Insurance Company (AGL), Houston, TX. Policy Forms: ICC21-21445, 21445, 21445-5, 21445-10, 21445-35, 21445-42, ICC21-21447, 21447, 21447-5, 21447-10, 21447-35 and 21447-42. Rider Numbers: ICC21-21468, 21468, 21468-5, 21468-10, ICC21-21469, 21469, 21469-5, 21469-10, ICC21-21470, 21470, 21470-5, 21470-35 and 21470-42. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). Guarantees are backed by the claims-paying ability of the issuing insurance company. AGL does not solicit, issue, or deliver policies or contracts in the state of New York. Products may not be available in all states and product features may vary by state.

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting, or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Clients should consult their financial professional regarding their situation. For legal, accounting or tax advice consult the appropriate professional.

This is not a preneed insurance contract or agreement. Benefits are payable to the beneficiary or beneficiaries as directed by the owner of policy. Premiums paid may exceed amount of coverage. For an estimate of the year the premiums may exceed the amount of coverage, divide the face amount by the annual premium.

THIS POLICY DOES NOT GUARANTEE THAT ITS PROCEEDS WILL BE SUFFICIENT TO PAY FOR ANY PARTICULAR SERVICES OR MERCHANDISE AT TIME OF NEED OR THAT SERVICES OR MERCHANDISE SHALL BE PROVIDED BY ANY PARTICULAR PROVIDER.

FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION

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