Annuities

Mar 29, 2019

Tags:
  1. Zmurre
    Offline

    Zmurre Expert

    Posts:
    26
    Likes Received:
    6
    State:
    Tennessee
    I have also been seeing a lot of people in the annuity business write the bulk of their business with Athene. Everyone speaks highly of this company, my goal is to get into annuities master the fixed indexed annuity side, and have my top go to companies/company that I master learn and write most of my business with and if I have a special case that the company may not be best for pull the others out of the bag when needed. I dont want to start out with all these different companies. On the insurance side im contracted with many different companies i dont write with all of them I have my go to comoanies that are my top however if there is a health conditions or a case thats unique I pull out the others when needed if its the best fit.
     
    Zmurre, Mar 29, 2019
    #11
  2. scagnt83
    Offline

    scagnt83 Worldwide Expert of Everything

    Posts:
    7,102
    Likes Received:
    641
    State:
    South Carolina
    You certainly dont need every annuity product out there. But having a solid 3-4 carriers as your go to options usually works well. But stuff changes with time. Not too long ago Athene didnt even exist. They bought Aviva's annuity book to get started ... and at that point nobody was selling Aviva anymore... but about 5 years before that, Aviva was killing it with FIA sales and was a standard go-to in the industry for many agents. Things can change quickly with competitiveness of new rates/benefits.

    Dont get me wrong. Athene is a solid carrier who currently has very competitive products. Especially if you are selling annuities with Income Riders. But having a competent IMO who is able to help give suggestions for cases, especially when your go to products do not fit well, is a very valuable resource to have in your bag.
     
  3. pfg1
    Offline

    pfg1 Guru

    Posts:
    1,552
    Likes Received:
    338
    State:
    Virginia
    I second or third FIG. Good company and they have all the main carriers. Street commission will vary by carrier, product, amount, age, etc. If you plan to get into that area of the business, do yourself a favor and learn as much as you can about it.
     
    pfg1, Mar 30, 2019
    #13
  4. mfrumkin
    Offline

    mfrumkin New Member

    Posts:
    14
    Likes Received:
    0
    scagnt83 is 100% correct. Find 3-4 good companies that you are comfortable with. I have been in the 403(b) business since 1979 and products come and go. Right now I use LSW and Midland for 403(b) and Allianz and Athene for non 403(b).
     
  5. IsaacA
    Offline

    IsaacA Expert

    Posts:
    54
    Likes Received:
    23
    State:
    Florida
    Athene can vary.
    Depends on what the solution is. Find yourself a great IMO who will shop the marketplace.
    Three key things when looking at lifetime income. Bonus (If any), Roll-Up, and Pay out %.
    Everything else is bells and whistles. Some important some not.
    I like keeping things simple on the accumulation side with a participation rate on the S&P 500 APP.
    Athene has different or propriety indexes that can be confusing, but illustrate well. I like Athene's Janus for illustration purposes.
     
    IsaacA, May 14, 2019
    #15
Loading...