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I forgot most of what I knew about FIA's...haven't sold one in 15 years. I'm only doing MYGA'S. Keeping it simple.Ok, I really can't comment about the FIA's.
Sometime back, maybe 2-3 years, Ray made a rates comment and mentioned Oxford. As a result, I hunted for rates and found the agent rate sheet they publish each month.
I could understand the MYGA part. I tried to understand the FIA's, FIA's were totally incomprehensible to me. After a couple of months of that I gave up. (I also did not understand income riders but that is another story.)
I review the rate sheet periodically just to see MYGA rates. I have learned even that approach is flawed because different carriers will adjust their MYGA rates differently in given months.
I could also understand the MYGA GLWB approach Oxford uses, but at the time I was looking carefully, there was no way I was going to have $20k of Roth qualified money to purchase one of their MYGA's, with or without the income rider.
From your comments, it is obvious to me that I don't know about their FIA's, so I can't comment on what is $10K and what is $20K and what is 80 years and what is 85 years.
For their MYGA's, 85 is the maximum issue age for the MYGA, 80 is the maximum issue age for the income rider. Because of all the conflicting information I have been getting about income riders, There is something I had been considering doing with an Oxford MYGA as part of my overall plan, but the July rate sheet shows that is no longer possible.
There is also the problem I would have obtaining an Oxford product. Ray says their commissions are low to start with. My age would reduce that compensation further. There is no good reason for an agent to even discuss Oxford annuity products with me, let alone sell me one.
While you can get better rates than Oxford, Terminal Illness...Home Health Care and Nursing Home benefits are baked in, where many carriers reduce the interest when adding these riders. Also, Oxford is A rated.
Yes, the commissions are reduced at your age, and when you turn 80, they go down again.
Maybe you can find an agent that's licensed in Kansas to help you.