- 17,063
When you are writing it on yourself the commission is part of the return. So yes it should be considered.
Can I Buy My Own Annuity
- Thread starter ameneses54
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- annuity
When you are writing it on yourself the commission is part of the return. So yes it should be considered.
- 2,455
So figuring the commission as part of the return (remember that is taxable income too) what parts of a good quality annuity are you guys willing to sacrifice in order to make a better commission?
If there is no sacrifice in the product, then this is really a moot point if you ask me. However if your willing to perhaps go with say a B rated company or a lower rated company VS. say an A rated company or a company that has a past history of lower crediting rates, I would say you are making a sacrifice to get a higher commission. In the long run that may prove to bite you even weighing in the fact you received a higher commission.
If there is no sacrifice in the product, then this is really a moot point if you ask me. However if your willing to perhaps go with say a B rated company or a lower rated company VS. say an A rated company or a company that has a past history of lower crediting rates, I would say you are making a sacrifice to get a higher commission. In the long run that may prove to bite you even weighing in the fact you received a higher commission.
- 17,063
We're in agreement on that.
What my point is, your decision to buy an annuity in the first place as opposed to leaving your money where ever it is (mutual fund, stocks, CD, etc.) the commission is an additional factor that makes the annuity a better deal for you if you are both the client AND the agent.
What my point is, your decision to buy an annuity in the first place as opposed to leaving your money where ever it is (mutual fund, stocks, CD, etc.) the commission is an additional factor that makes the annuity a better deal for you if you are both the client AND the agent.
- 1,802
Why not??????
I was joking. He can sell one to himself. Based on his age and the dollar amount he needs in income, I would not recommend a Spia based on low interest rates and or his state premium states.
He might be better off going with a fixed annuity and peeling off some interest or a % of the accumulated value.
Or, if he can defer taking some income right now, why not look at an annuity with an income benefit rider to make things easy.
Either way he has choices. I just do not know enough about the agent's finances and his goals.
He might be better off going with a fixed annuity and peeling off some interest or a % of the accumulated value.
Or, if he can defer taking some income right now, why not look at an annuity with an income benefit rider to make things easy.
Either way he has choices. I just do not know enough about the agent's finances and his goals.
- 1,802
One of the problems with reading what someone else wrote is that it is hard to find their personality. No hard feelings?
How long have you been in the business?
- 3,863
Based on my research it looks like ALL states have a protection up to $100,000 if your annuity goes south. Protection for the principal only. Some states go higher on the protection amount (Not my state of Texas).
I am wondering if this $100k limit is per policy, per person, aggregate? I am reading it as 100k per policy, but annuities are not my specialty.
I am wondering if this $100k limit is per policy, per person, aggregate? I am reading it as 100k per policy, but annuities are not my specialty.
- 1,802
- 3,863
$100k per ss# is very low.
Any work arounds like FDIC ? Different account types, etc. etc. ??
Any work arounds like FDIC ? Different account types, etc. etc. ??
