A New Product?

[Ichiban]

I got an e-mail about a new product that appears to be from the Annexus Group.

Introducing Asset Based Care Plan...
100% liquidity from day one
Tax free death benefit
10% immediately vested bonus
Death Benefit for chronic illness
8% comp to age 80
No underwriting

Is the a Single Premium LIfe product or an annuity with some kind of Rider? Does anyone know?

I personally dislike their BPA products so I have not called them just curious about the word on the street is about this and if it's worth the time to call them.

 

[annuityseller]

I think the give away would be tax-free death benefit!!!!!!!!!!!!

 

[seanfitz]

some annuity companies will offer an income tax rider to offset any of the taxes due - they will advertise it sometimes as a tax free benefit to beneficiaries. i am more curious about the 100% liquidity..any other info available on the product?
fitz

 

[Ichiban]

Curiosity got the better of me so I called. I thought it was too good to be true. It turned out to be a Life product. I was thinking it may be an annuity with a DB Rider because the ad talks about annuities with 10% withdrawals and how this is better as it had 100% withdrawals plus I heard someone say they had a new annuity coming out so I was excited for nothing.

 

[annuityseller]

it's that like the money guard from lincoln??

 

[briko3]

It sounds like it's designed to compete with Lincoln's Moneyguard

 

[BigInsuranceGuru]

The Annexus Group as an entity does not offer life products as of now. They just offer annuity products. However life products are offered from other carriers through Annexus Group Members.

I've found all the Annexus partners to be the best of the best IMOs. They all offer something different, but to put it simply, they say what they do and do what they say. Membership to Annexus is extremely exclusive.

 

[aguilartx]

What is their rating? Never heard of that one...I would stick with lincolns moneyguard

 

[Daytona_Guy]

Sounds like the liquidity feature is sound, but the 10% increase they call a "bonus" is grossly inadequate for a single premium product with an LTC rider. Oh, and the compensation of 8% is about half of what it should be.. so why bother?

A 65 female with $50,000 using a single premium life product should have over $100,000 in death benefit that can be used for LTC if needed. That's a 100% increase, not the 10% touted below..

There are much better options through SLAICO, American Amicable, Assurity, Americo, North American, etc..

Viddler.com - Classic Solution - Uploaded by markingriffin@@AMEPARAM@@http://www.viddler.com/player/2c197505/@@AMEPARAM@@2c197505/

I got an e-mail about a new product that appears to be from the Annexus Group.

Introducing Asset Based Care Plan...
100% liquidity from day one
Tax free death benefit
10% immediately vested bonus
Death Benefit for chronic illness
8% comp to age 80
No underwriting

 

[padthaiforlunch]

Nice first post. Anything you should disclose to us?

The Annexus Group as an entity does not offer life products as of now. They just offer annuity products. However life products are offered from other carriers through Annexus Group Members.

I've found all the Annexus partners to be the best of the best IMOs. They all offer something different, but to put it simply, they say what they do and do what they say. Membership to Annexus is extremely exclusive.