Senior Market Insurance Announcements

Annuity News and Rate Lock Information

March 11, 2020

It's no secret that all companies are lowering their Multi-Year Guarantee Annuity (MYGA) rates. The news of the coronavirus has caused widespread economic volatility. Interest rates have fallen to historic lows as the 10-year Treasury bond is currently yielding about 50bps.

That said, clients are still looking for a competitive return that's safe. We feel our stable of carriers fulfills that objective in today's landscape. Check out the current annuity rates here: https://www.newhorizonsmktg.com/products/annuity-rates

In addition to our MYGA solutions, our FIA production is up through the first 2 months of 2020 – thank you to all of our agents for that!

Equitable's Rate Lock Policy

Please take note of Equitable's "new" rate lock policy which takes place on applications written starting March 13, 2020.

With Equitable's new 45 calendar rate lock period, they wanted to clarify a few items:

  • Apps signed on or before 3/12/20, the 60-business day rate lock will apply
  • Apps signed on or after 3/13/20, the 45-business day rate lock will apply

Thank you for your ongoing business with life and annuities!

-Kirk Sarff

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