email : Webview : New Decade, New Laws, New Products

Bi-Weekly Update from MVP Financial Services, Inc. 01/21/2020

Hi Colleague - Happy New Year and welcome to the first 2020 issue of MVP's News2Use. We hope you find this newsletter to be helpful and forward it on to a colleague. If someone has forwarded this to you, please consider subscribing --> Subscribe

Stay in the Know: Check out our Webinar/Events calendar

New Decade, New Laws
Start the year by ensuring you know how new laws and regulations may impact your clients' retirement and legacy planning. The SECURE Act (Setting Every Community Up for Retirement Enhancement) signed into law, making sweeping changes to federal retirement law and taxation. It provides greater opportunity for Americans to save for a more secure retirement.

Here's what you need to know

Webinar: Buy Sell Review
Assisting your business owner clients to protect their future is important. Their financial needs are different than other individuals. If they have a Buy-Sell Agreement, it's a good idea to review it, so they consult with you on the financial solutions that address those specific needs... and we can help you with that!

Join MVP Financial and Principal Financial on Thursday, January 23, 2020, at 9:00 AM CST to see first-hand, how the review process works. You will come away with the tools you need to get started. Register Now!

2020 Tax Guide
This popular piece has been updated to reflect 2020 numbers — including annual adjustments affecting income tax rates, transfer tax exemptions, qualified plan contribution amounts and more! Be sure to save a copy of this handy guide for quick reference.

2020 Fingertip Tax Guide-John Hancock

All New 2020 Products
Effective January 1, 2020, all life products sold must be compliant with Principle Based Reserving (PBR), and the 2017 Commissioners Standard Ordinary (CSO) Table. All MVP carriers have updated their products accordingly. Contact MVP for a new illustration or visit our website, www.mvp4me.com to re-run illustrations quoted prior to January 1, 2020.

Sales Right Under Your Nose
Of the $12 trillion life insurance protection gap, 1 in 2 U.S. households are existing policyowners with an average coverage gap of $225,000 per household, according to LIMRA.

The greatest opportunity may be hiding in your book of business.

Uncover Potential Sales

Calculating BMI
Many MVP carriers have converted to using a Body Mass Index (BMI) calculation instead of height and weight tables. We have added a BMI calculator from the CDC to the Under-writing page of our website to help you with this conversion.

Note: The calculation is only for quoting purposes. The final rate class offered by a carrier will be impacted by factors and conditions determined after an under-writing review of the life insurance application.

Body Mass Index (BMI) Calculator

This Information is for Agents Only. Not for Consumer Distribution.

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This correspondence is intended for agent use only and was sent by, MVP Financial Services, Inc. | Corporate Office | 888-774-4687
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