Best Annuity for Immediate Income to Compete with CDs?

[whall]

I place some of my clients in turn-key investment rental property. It's not an insurance product, but there is a lot of equity and big demand for these type of properties. I make 10% for a marketing fee under a reg. Z. The clients get 10 to 20%. The best part is the providers that offer this have been in business for over 15 years. Never a problem, because they by below wholesale from banks. It's been a win win for me. I've even sold more insurance products because I can offer both. whall.

 

[tins]

I place some of my clients in turn-key investment rental property. It's not an insurance product, but there is a lot of equity and big demand for these type of properties. I make 10% for a marketing fee under a reg. Z. The clients get 10 to 20%. The best part is the providers that offer this have been in business for over 15 years. Never a problem, because they by below wholesale from banks. It's been a win win for me. I've even sold more insurance products because I can offer both. whall.

Sounds like a scam.
Are you licensed to sell insurance?
Are you setting annuity appointments then pitching this real estate thing?

 

[whall]

Sounds like a scam.
Are you licensed to sell insurance?
Are you setting annuity appointments then pitching this real estate thing?

I have 100,000,000 of annuity business under management after 7 years in the business. What about you.? I'm a Top of the Table member for all 7 years. Are you license, do you have a 7, or a 6 license. I sell real estate deals because its a great product. It works well in the total financial picture. Don't be so stupid and call someone a scam. Be nice and make friends.

 

[tins]

I have 100,000,000 of annuity business under management after 7 years in the business. What about you.? I'm a Top of the Table member for all 7 years. Are you license, do you have a 7, or a 6 license. I sell real estate deals because its a great product. It works well in the total financial picture. Don't be so stupid and call someone a scam. Be nice and make friends.

Sounds like you're trying to scam people out of their money.

 

[jacobtn]

I have 100,000,000 of annuity business under management after 7 years in the business.

and I own an island in the Pacific.

 

[plummershawn]

I have a 67 yr old with 220k in a 5 yr IRA cd. She is getting 3.94% until it renews in March at 0.5% her and hubby has about 300k in other investments with me, plus ample liquid assets. She is drawing a monthly check equal to the interest earned currently, and would like to continue doing so.

Best solution I came up with was a 6 yr MYGA with equitrust at 2.85%, which I thought would give her close to what she has now. They don't have LTC, both were declined coverage through Mutual for health conditions they have. Not sure if a better option exists? Clients reside here in TN.

I can provide a 6 year offering 2.9% fixed and a 7 year offering 3.2%. Your client will have liquidity to sweep the interest. The annuity will provide Terminal Illness and Nursing Home Benefit Riders so there will be liquidity for health reasons.

Email me at [email protected] for details.

Shawn Plummer
Annuity Specialist
Retirement Income Network

 

[Tahoe Ray]

I can provide a 6 year offering 2.9% fixed and a 7 year offering 3.2%. Your client will have liquidity to sweep the interest. The annuity will provide Terminal Illness and Nursing Home Benefit Riders so there will be liquidity for health reasons.

Email me at [email protected] for details.

Shawn Plummer
Annuity Specialist
Retirement Income Network

I'm assuming that you're taking about Guggenheim for the 6 year. 2.9% is the high rate band (250k+). At 220k, his client would only qualify to the lower band at 2.75%. (going up to 2.8 in a week).

If she has another IRA, maybe it could be an opportunity to gather more assets. If not, the trade off could be worthwhile if the client truly values the terminal illness rider...

 

[whall]

and I own an island in the Pacific.

Tins- look me up. I was a Top of the table member for the 7 years I sold annuities.

You are the one that sounds like a child and a scam. This site is for professionals. Go watch Jerry Springer and play somewhere else

Whall

 

[tins]

Tins- look me up. I was a Top of the table member for the 7 years I sold annuities.

You are the one that sounds like a child and a scam. This site is for professionals. Go watch Jerry Springer and play somewhere else

Whall

I highly doubt you're going to trick any agents from this forum into selling these scams for you.

 

[plummershawn]

I'm assuming that you're taking about Guggenheim for the 6 year. 2.9% is the high rate band (250k+). At 220k, his client would only qualify to the lower band at 2.75%. (going up to 2.8 in a week).

If she has another IRA, maybe it could be an opportunity to gather more assets. If not, the trade off could be worthwhile if the client truly values the terminal illness rider...

I am referring to Guggenheim. They pay the highest fixed rates out there as of Feb. 1. I represent just about all of the top MYGA companies. Why wasn't this presented prior?