Full Commission on Specific Internal Annuity Exchanges

Beginning today, March 12, all internal replacements of Palladium® Multi-Year Guarantee (MYG) 3-10 plans to a new MYG 5-10 policy that enter their 30-day surrender window at the end of the initial rate guarantee period on March 12 or later, will be paid at 100% of the current commission rate.

For reference, the normal internal exchange program pays 50% of the current commission rate.

Current Plan

New Plan

Commission

MYG 3-10

MYG 3

50% of current commission rate

MYG 3-10

MYG 5-10

100% of current commission rate

Non-MYG Annuity

Any Non-WealthQuest Annuity

50% of current commission rate

During this limited time enhancement, you will receive your full commission rate, while providing your client with a new competitive rate and excellent customer service.

Only policies entering their 30-day surrender on March 12, 2024, or later, will be eligible for full commission.
This change will only apply to internal replacements from a Multi-Year Guarantee (MYG) 3-10 to an MYG 5-10.
This is not permanent and is currently offered on a limited time basis.
The current internal replacement process will remain the same but will now allow for 100% commission on current and new money for these select MYG policies.
No restrictions on adding additional funds. Multiple internal exchanges allowed to one policy.
To ensure proper credit is applied, please verify that the Internal Exchange Form (form series 4329) is included with the application packet.
MYG and MYG NY policies included.
Requires submission through electronic application. (Not required for NY)
Internal exchanges that qualify for 100% of the commission rate will also receive 100% production credit.

Now Available: Full Commission on Internal Annuity Exchanges