August 26, 2020
Annuity Exchange Update
Existing cases holding cash value below $10,000 no long required to rollover into new policy.
Effective immediately our New Business team will no longer require existing cases holding cash value below $10,000 to rollover into a new policy. National Life will explain and provide the advantages on consolidating policies that are suitable and in the best interest of the client, but the decision with be left with the agent and client deciding if they want to consolidate or leave the existing policy as is and proceed with a new policy.
If your client decides to consolidate their policies, your case manager will provide you with necessary paperwork and information needed from the existing policy to make your exchange seamless.
