The launch of our new SBLI Optimizer MVA Series Annuities is on schedule for September 15, 2011! Below are the specific rules for our transition from the old product to the Optimizer MVA Annuities:
- MVA Transition Rules: Current Optimizer Annuity applications must have an Application Sign Date on or before 09/14/2011.
- Cash with Application: The application and premium must be received, "in good order", in the Home Office within 7 calendar days of the application sign date.
- 1035 Exchanges and Qualified Transfers: The application must be received "in good order", in the Home Office within 7 calendar days of the application sign date. Also, the premium must be received in the Home Office within 45 days of the application sign date.
- The Issue Date of all contracts will be the date all application forms and premium are received in the Home Office.
Forms and materials will be available on www.sbliagent.com beginning Thursday, September 15th. You may also order marketing materials on sbliagent.com, such as brochures and lobby posters, effective immediately. If you need an illustration for an Optimizer MVA annuity, please send your request to sales@madisonbrokerage.com . Software should be available to you by the end of the year to run illustrations. If you have any questions, or if you'd like a product review, please contact Madison Brokerage. SBLI Optimizer MVA Series Annuities are available in the states listed below. We will send you notice as the products are approved in additional states.
State availability for SBLI Optimizer MVA Series Annuities:
CO, GA, HI, IA, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NH, NJ, NM, OH, OK, PA, RI, SC, TN, TX, UT, VA, VT, WI, and WV.