Sagicor has lowered the maximum allowed amount of premium on it's Platinum (Sage Advantage FIA) and Gold (Sage Choice SPDA) series annuities from $500,000 to $100,000.

The previous Maximum premium amount of $500,000 will be honored on applications dated on, or before, August 2, 2013 and received in good order by 5:00pm MST Monday, August 5,

Oxford life Insurance has raised rates on both their Royal Select Indexed Annuity and their Income Protector Single Premium Deferred Annuity.

The Royal Select Annuity now has a rate 0f 1.20% for the Fixed Account, an Annual Point to Point cap of 3.00% and a Monthly Average cap of 3.00%

The Income Protector Annuity now has a 2.25% rate for years 1-5 in the $10,000 - 24,999 band and a rate of 2.75% for years 1-5 in the $25,000 - 350,000 band.

For applications signed on or after October 1, 2013, the rates for the plans listed below will increase. Clients buying a Medicare supplement at these rates will still have a 12-month rate guarantee from their effective date of coverage and therefore, the earliest they would receive a rate increase would be October 2014.

Cigna's Medicare Supplement Product will release in MD and WA on 08/14 and then GA and VT on 08/21.