Best Indexed Annuity?
- Thread starter InsureGuy5
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- annuity indexed annuities
- 1,802
Allianz just like any other company is going to have a lot of moving parts. If it is not on the accumulation side, then it is on the DB side.
I will not even get started on the income side........LOL
What it boils down to is that the agent must know the product they are selling, and many companies do a piss poor job of explaining them.
I know of one company that I called here recently for one of my guys to get an answer to his question; that did not even know the answer.
This particular company told me that I should refer to the local department of insurance for clarification on their own product........LOL
- 924
Trying to sell an Allianz product recently, the guy said "Is there a brochure you can give me?"
Before even thinking, I said "Yeah, but you won't understand it."
I immediately realized how insulting that sounded, so I had to add "But hey, I'm in the business and I don't understand it myself."
I think we all know that the old "give me a brochure" is a kiss-off. I won't give them to anybody. It isn't just Allianz. They are all pretty much horrible and a real deal breaker. Aviva came close to some good brochures, but then you had to give the client their MVA brochure at some point. It was a requirement and the client had to sign off that you gave it to them and explained it "thoroughly."
Before even thinking, I said "Yeah, but you won't understand it."
I immediately realized how insulting that sounded, so I had to add "But hey, I'm in the business and I don't understand it myself."
I think we all know that the old "give me a brochure" is a kiss-off. I won't give them to anybody. It isn't just Allianz. They are all pretty much horrible and a real deal breaker. Aviva came close to some good brochures, but then you had to give the client their MVA brochure at some point. It was a requirement and the client had to sign off that you gave it to them and explained it "thoroughly."
- 2,455
We meet with one guy today and he was comparing Allianz to our LSW product.
Allianz:
1) Upfront bonus but not vested.
2) 8% simple interest on the accumulation value.
3) Laundry list of things to tie the money to.
LSW:
1) Upfront vested immediate credit bonus.
2) 7% compound interest on the accumlation value.
3) A short list to pick from to tie the money to.
He really liked the LSW, we will see????????????
Allianz:
1) Upfront bonus but not vested.
2) 8% simple interest on the accumulation value.
3) Laundry list of things to tie the money to.
LSW:
1) Upfront vested immediate credit bonus.
2) 7% compound interest on the accumlation value.
3) A short list to pick from to tie the money to.
He really liked the LSW, we will see????????????
aguilartx
Expert
- 33
Really depends on a variety of factors...age of client ? bonus product? what is long term agenda? legacy money or income needed? I know boring answer, but cant be answered without this.
premier123m
New Member
- 3
Aviva has a nice 10 year product with 5% bonus, descent caps and spreads etc. This is a hedge against market volatility. I expect to earn 5-6% over 10 years. If you are looking for a big hit, talk to a stock broker. You may earn more or lose it all. I like the guarantees in the indexed annuity for some of my money.
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Allianz has a ton of hidden bogies and moving parts. They were the king of two tiered products until they got a class action lawsuit. I do not like that company. Snakes
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Allianz has a ton of hidden bogies and moving parts. They were the king of two tiered products until they got a class action lawsuit. I do not like that company. Snakes
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- 10,589
I agree, new directions is a good product. No one else has mentioned LFG EIAs...
Their optipoint with the immediate 4% bonus, and the yearly triggered account is great!
anyone still selling ING EIAs at all? their envoy series was nice but I have stayed away the past couple of months because of the restructuring.
- Thread starter
- #58
- 313
I am also hearing good things about Sun Life. Any opinions on their products?
- 1,802
Great product. It is being discontinued come 12/31 of this year.
Obi1....
Anico used to have an annuity that allowed the client to profit a bit from downside losses. Can't remember the product name now or if they are still offering it but what I do rememnber was rather than an annual pt to pt, I think it was either a 5 or 10yr pt to pt or something like that.
