Our employee meeting this week was jam-packed with information, including news from CEO Mehran Assadi about corporate goals for 2019.
The quick summary is that our goal for life sales is $265 million target and $310 million outstanding; for flow annuities it’s $135 million target and $150 million outstanding; and for single premium deferred annuities it’s $1 billion target and $1.2 billion outstanding. Just as importantly, our core earnings goal is $235 million target and $250 million outstanding.
There was also information about the new whole life product we just launched, TotalSecure, including a report from the field.
We tapped COO Bob Cotton as our intrepid correspondent. He gave us a report from the first of the Road Show visits with agents, where we’re rolling out the TotalSecure product.
We have five stops on our Road Show, where we’re meeting with agents in Princeton, N.J.; Dallas; Orlando, Fla.; Atlanta; and Chicago. Agents are learning about the new product, getting sales tips, and picking up marketing ideas.
There were a lot more details about both our goals and the new whole life product.
And Mehran also announced that National Life is the 12th largest life insurance company in the country, a dramatic rise over even just the past decade.
Unfortunately, we know that everyone has busy schedules and couldn’t get to the meeting in Montpelier or Addison – or online.
So we recorded it and it’s been posted on National Life Today. That’s only accessible to employees through our internal networks. But it’s a well worth taking some time catching up if you couldn’t be at the meeting, or going back to understand details even if you were there.
Photo at top: COO Bob Cotton speaks during the Road Show stop in Princeton, N.J.