Illustrations Now Active for FIT Retirement Series

National Life Group has launched new illustration1 capability to help you highlight the features and benefits of our new FIT Retirement Series of indexed annuity products.

Now available to download online, the NLGroup Illustrations – ForeSight™ Web now includes all four FIT Retirement Series Products to help you:

  • Show accumulation value over various timelines.
  • Project guaranteed annual income benefits starting at different ages.
  • Sum-up the total income benefit based on a specified age and number of years.
  • Highlight premium allocations among the five index options.

Includes new presentation pages to show accumulation, income and other summaries “at a glance.”


 

Recap: What is FIT

Designed with the customer at heart, FIT Retirement Series comprises four flexible premium indexed annuities, each designed to customize a strategy for specific accumulation and income goals: FIT Secure Growth, FIT Rewards Growth, FIT Select Income, and FIT Certain Income.

For more information on product features and ideal scenarios for each, visit our dedicate FIT Retirement Series webpage.


 

FIT Illustrations:  GLIR Quick Quotes

Quick Quote Mobile App

You can now project the Guaranteed Lifetime Income Rider (GLIR) on the fly for FIT Certain Income and FIT Select Income through the Quick Quote agent mobile app for phones and tablets.

Quick Quote – On-the-Fly Prep
Use your smart phone or tablet to solve for different income needs with GLIR on Fit Certain Income or FIT Select Income.6
Quick Quote – 3 Income Options
Solve for Guaranteed Withdrawal Payments, Single Premium at Issue or Periodic Payments. For Guaranteed Withdrawal Payments, you can enter Lump Sum at Issue, the Monthly Period Payments, the Years of Payments, the Accumulation Period and the GLIR Option6.
Quick Quote – Save & Sync
Just tap “save“ and you can find and edit your case in the online illustration system the next time you use your computer.

 

Note: The Quick Quote App – for agent use only – is designed to help you save time as you prepare for more detailed client discussions.


 

Summary Presentation Pages

New optional summary pages offer helpful, up-front accumulation or income scenarios “at a glance.” Here are some examples.

At a Glance: FIT Certain Income (and FIT Select Income)

Annual Benefit – Right Up-Front
In scenarios where no withdrawals are taken, new presentation pages for FIT Certain Income or FIT Select Income can show the guaranteed lifetime income amount at pre-defined ages.2
Total Income – Right Up-Front
New presentation pages for FIT Certain Income and FIT Select Income can also show the total amount of income they would get based on attained age over a number of years.3

At a Glance: FIT Secure Growth (and FIT Rewards Growth)

Total Value – Right Up-Front
New presentation pages for FIT Secure Growth and FIT Rewards Growth show the policy’s accumulated value at different ages.
Total Withdrawals – Right Up-Front
New presentation pages for FIT Secure Growth and FIT Rewards Growth can also show the total amount of non-GLIR withdrawals they would get based on an attained age.4
Index Choices Summarized

 

Index Allocation – Right Up-Front
New presentation pages for all four FIT Retirement Series products offer a snapshot of where premiums are spread among the five index choices.5

 

More Index Options

You can illustrate among five index creding strategies, where approved, to illustrate premium allocations:

  • Barclays Low Volatility 5 Index5 (new)
  • Bank of America/Merrill Lynch (BofAML) Graded Portfolio Allocation (GPA) Index5 (new)
  • Annual Point-to-Point S&P 500 Index
  • Annual Monthly Sum Cap S&P 500 Index
  • Declared Crediting Strategy

 

Availability and Approvals

Illustrations are available to use in all states except California, District of Columbia, Delaware, New Jersey, New York, and Oregon, where FIT Retirement Series is not approved. In addition, some product-approved states do not permit illustrating some index options.5


 

Illustration Training Scheduled

Webinars, “How to Illustrate: FIT Retirement Annuity Series,” are now scheduled through August. To view the full training calendar and sign up, click here.
Scheduled for August:
All times are Eastern

  • August 23 – 4:30 pm with Gary Lenz
  • August 27 – 2:30 pm with James Powell
  • August 29 – 10:30 am with Jake Peck
  • August 31 – 10:30 am with Dan Brault
During September, we will offer weekly training sessions dedicated to FIT illustrations as well as the overall FIT products themselves.

Recorded illustration training will also be available soon.


More Resources

Index Option Training – We are working with Barclays and Bank of America/Merrill Lynch, the providers of our two new indexes, to deliver more background into how these exclusive index options work. Stay tuned for dates.

Also coming are:

  • Marketing material and one pagers (coming soon)
  • Dedicated mini-websites sponsored by Barclays and BofAML (coming soon)

 

Product Info

An overview of FIT Retirement Series, its product features, benefits, and client profiles are on our dedicated webpage, while more detailed product specs are available on each of the four product training pages.


Got ForeSight?

To download our illustration system, which allows ForeSight™ Web to work hand in hand with IC Solutions, go to “NLGroup Illustrations – Homepage & Installation.”

  • Select “Marketing”
  • Select “Installation” (shown under the “Illustrations” heading)

 

Learn More

For more details about our new FIT Retirement Series illustration capability, refer to the release notes for NLGroup Illustrations – ForeSight™ Web, version 18.3.5.

Or contact the Sales Desk at 800-906-3310.

 

TC#103659(0818)1

  1. An Illustration is intended to show how the features of the annuity work. It is not a projection of future values.
  2. Assumes use of Guaranteed Lifetime Income Rider (GLIR), which is required on FIT Certain Income and FIT Select Income at an additional cost and is not available on FIT Secure Growth and FIT Rewards Growth.
  3. Assumes the Guaranteed Lifetime Income Rider (GLIR) or other withdrawals are taken. GLIR is required on FIT Certain Income and FIT Select Income at an additional cost and is not available on FIT Secure Growth and FIT Rewards Growth.
  4. Assumes non-GLIR withdrawals are taken. GLIR is not available on FIT Secure Growth and FIT Rewards Growth.
  5. The Barclays and BofAML indexes cannot be illustrated in the following states: AL, CO, IA, ME, MO, NH, OH, RI and WV. Please review the full illustration for additional information about these new Crediting Strategies.
  6. The Guranteed Lifetime Income Rider (GLIR) is required for an additional charge on FIT Select Income and FIT Certain Income.

National Life Group® is a trade name representing various affiliates, which offer a variety of financial service products. Life Insurance Company of the Southwest, Addison, TX, is a member of National Life Group.