Annuities from A plus companies that are competitive

[shooter]

Looking for a company, are companies that are A plus rated that
have quality annuity products.
Fixed, and Indexed.
One that seeks brokerage, or personal producer business.
With consumer friendly product.

It seems all the Imo's etc, push high rates, but with less that
desirable companies.
I can't bring myself to sell a B or B plus company, and I would
not be excited about most A or A minus ones either.



Yes, I understand state guaranty funds, etc.
Thanks,
Shooter

 

[Tahoe Ray]

Looking for a company, are companies that are A plus rated that
have quality annuity products.
Fixed, and Indexed.
One that seeks brokerage, or personal producer business.
With consumer friendly product.

It seems all the Imo's etc, push high rates, but with less that
desirable companies.
I can't bring myself to sell a B or B plus company, and I would
not be excited about most A or A minus ones either.



Yes, I understand state guaranty funds, etc.
Thanks,
Shooter

Allianz is the biggest player in the industry and they're A+ (only indexed). Lincoln and North American are other options (fixed and indexed).

 

[jasperjohns]

Looking for a company, are companies that are A plus rated that
have quality annuity products.
Fixed, and Indexed.
One that seeks brokerage, or personal producer business.
With consumer friendly product.

It seems all the Imo's etc, push high rates, but with less that
desirable companies.
I can't bring myself to sell a B or B plus company, and I would
not be excited about most A or A minus ones either.



Yes, I understand state guaranty funds, etc.
Thanks,
Shooter

I personally have had nothing but great experience with Great American. They have been around since 1872 A rated VERY VERY fair with renewal rates on caps and have all of the refenced products. They also have a product built for RIA that want to charge a flat AUM fee (as does Allianz). They are also, in my opinion; much easier to work with than Allianz. Athene may also be worth a look. Great American, Athene & Allianz. BUT you will have to work through a FMO for the contracts or you can go to your BD as most all BDs now have a stable of FIA products available to their RR's. Good luck.

Midland National will allow you to go direct BUT be warned they are terrible with renewal rates AND the products can have pretty nasty MVAs, which as you know will be terrible as rates continue to rise.

 

[shooter]

Thank you for taking the time to respond to my question.
Great American has a comdex of 79
Athene is lower at 72
Of course Allianz is higher.
Maybe the big companies just don't do annuities well.
The ones with a high ratings.
Like U2 said in one of their songs.
"I still haven't found what I'm looking for".

Thanks again for your input.
Shooter

 

[jasperjohns]

I believe Columbus Life and Integrity Life have higher comdex scores. They both have decent fixed and indexed products. But on that note I have personally written over 600 Annuities contracts and only had 1 person ask that. Point being clients/prospects hardly ever reference this. Did you bring it up or the client?

 

[shooter]

I am looking at Columbus Life, and seeking a few more
companies like them.
The client didn't bring this up.
I have two reasons for looking at only top rated companies.
One, most of the banks in my area use A or A- rated companies.
By pointing out that since this is safe money, why not use a company
that has a top rating.

Plus, if the client annuities the contract.
I don't want someone's retirement income to be with
a shaky company.

But, the IMO's love to push these type of companies.
Better comp for them I would imagine.

Jasper, what part of Florida are you in?
I'm in north Alabama.
Shooter

 

[Tahoe Ray]

Great American (already mentioned) pays less than Lincoln, so comp isn't always the reason.

A lot of the A-rated carriers have flat-out better products, which is a major reason why they're so heavily marketed.

 

[jasperjohns]

I am looking at Columbus Life, and seeking a few more
companies like them.
The client didn't bring this up.
I have two reasons for looking at only top rated companies.
One, most of the banks in my area use A or A- rated companies.
By pointing out that since this is safe money, why not use a company
that has a top rating.

Plus, if the client annuities the contract.
I don't want someone's retirement income to be with
a shaky company.

But, the IMO's love to push these type of companies.
Better comp for them I would imagine.

Jasper, what part of Florida are you in?
I'm in north Alabama.
Shooter

I am in central Florida. In reference to the FMOs my experience has been they push the proprietary products that have been popping up the last several years. Those are the products I try to stay away from because many have newer indexes and are with companies that don’t have extensive experience in the FIA marketplace, like GILICO or SBL. The companies that have been in the FIA marketplace since inception 1997 or around that time have a better grasp on the inner workings of the products and tend to have better cap renewal history. In regards to income and reliability of the companies as you know even the comdex scores can be misleading at times. If the client is that concerned you can look at the bond quality the company holds and usually calm concerns with that. I assume Iam telling you stuff you already know just stating this to add the thread in a beneficial manner. Hope this helps.