Just wondering if there are variable annuities that allow for diversification into etfs.
Thank you,
Thank you,
Any VA's with ETF Buckets?
- Thread starter Justin Bilyj
- Start date
- 11,295
I doubt it. Remember the licensing required to sell Variable Annuities is only a Series 6/63. ETFs are a Series 7/65 requirement.
Product manufacturers should be manufacturing products that their representatives can sell.
In addition, the benefit of ETFs are that they are sold directly on the exchange in 'real time', versus "end of day trading" for mutual fund sub accounts. The benefits of ETFs would be lost within a variable annuity.
There might be an RIA-only VA alternative that I haven't heard about that might fit what you're looking for.
I also seemed to remember that Genworth Asset Management (now rebranded back to AssetMark) was offering a lifetime income rider on their asset management program. I just can't find any information on it anymore.
Product manufacturers should be manufacturing products that their representatives can sell.
In addition, the benefit of ETFs are that they are sold directly on the exchange in 'real time', versus "end of day trading" for mutual fund sub accounts. The benefits of ETFs would be lost within a variable annuity.
There might be an RIA-only VA alternative that I haven't heard about that might fit what you're looking for.
I also seemed to remember that Genworth Asset Management (now rebranded back to AssetMark) was offering a lifetime income rider on their asset management program. I just can't find any information on it anymore.
- 11,295
- 8,707
Yeah but how well does it work. Most VAs worked like mutual funds in regards to trades. Add in limits on transfers per year and additional fees for exceeding them what is the benefit lower cost is eroded just by being inside the va.
- 11,295
I think the benefit would be 'less style drift' with ETFs compared with mutual funds. Even if the expenses were the same, that would be the benefit (I would think).
- 8,707
True and efts are a buzz word these days.
- 384
The company I work for does, though I know little about it being that I'm new. I work for modern woodmen of America.
I remember my manager explaining out variable annuity and the eft on it.
I remember my manager explaining out variable annuity and the eft on it.
