Best Indexed Annuity?

[InsureGuy5]

Anyone using the new Sagicor indexed annuity plans?

 

[0b1kanobee]

Ya know how indexed annuities or at least some of them can be tied to the performance of the S & P 500 performance as to how well it does?

Well I wish there was one out there that did the same thing only it was tied to how bad the S & P 500 does. So if over a year on point to point the S & P loses, you make money on those losses.

What say you?

 

[R. Paul Aguirre]

You can try to find a low water mark crediting product, that type benefits the client if the market goes down during the term then raises up at the end<-- simplified explenation. Or if you have a product that has MVA(most do) and you take your money out during a bad market your client can actually get a lil extra money. Look up Market Value Adjustment and find clients with that in their existing contracts because they might benefit by moving their money right now.

 

[annuityseller]

also to that make if you do REPLACE an annuity make sure the new product DOESN'T HAVE AN MVA.( DOI's have a dim view of agents that replace mva products in another one) I think on going only sell non-mva annuities( Which is what I mostly do)be it right or wrong.Also only sell FIA's with one moving part(Client friendly)

 

[padthaiforlunch]

So which annuities have no MVA?

 

[Charpress]

So which annuities have no MVA?

Allianz. No MVA and always 100% participation rates. Do they make up their profits with other moving parts? You betcha. But it still makes life better not having to go through the MVA disclosure statement.

 

[annuityseller]

Also my favorite company AE COMES THRU AGAIN WITH NO MVA'S except maybe the 5 year fixed annuity????

 

[R. Paul Aguirre]

I know AIG has a couple non MVA products too.

 

[dgoldenz]

Jackson National's ELIA has no MVA either.

 

[InsureGuy5]

Thanks for the feedback on Allianz. They are one that I am using more and more these days. They have cleaned up their act quite a bit - especially with the settlement payouts.