Client Solication Letter

[scagnt83]

https://email.newhorizonsmktg.com/e...F_W94KCg16zd7XvW5VsSwh1cGTb2N78j6sdPQl9z3bKm1

This is the perfect example of why NOT to use New Horizons Marketing as an annuity upline.

That flyer is an E&O timebomb. The first line would get your license suspended in all 50 states. Cant use SGA coverage in marketing or sales. HUGE red flag for that organization.

 

[goillini52]

This is the perfect example of why NOT to use New Horizons Marketing as an annuity upline.

That flyer is an E&O timebomb. The first line would get your license suspended in all 50 states. Cant use SGA coverage in marketing or sales. HUGE red flag for that organization.

I don't, just passing on info that LD recommended.

 

[scagnt83]

I don't, just passing on info that LD recommended.

LOL. My bad, lost track of the convo.

 

[goillini52]

LOL. My bad, lost track of the convo.

I only have one Med Supp contract with them.

 

[Allen Trent]

https://email.newhorizonsmktg.com/e...6BV2ykrW3Z32n_W1LSqqp91vchpW5PkD9v2xXqrT3q5N1

Yup. As I said, those rates are not 3-4%. Plus most of those are B rated carriers & they pay a little better, but so did Colorado Bankers.

Plus, as I said about the liquidity point in the 1st flyer, most don't automatically allow 10% free WD. Most on that 2nd sheet don't allow 10% unless you pay extra for that access & guess how many agents likely offer that? Some don't even offer it as a rider.

This 2nd document shows how misleading the flyer was by Horizons & will be exhibit A by a good lawyer. Most carriers applications also ask to see what sales materials used with client & will reject the app if they see that 1st flyer

 

[DHK]

Yeah... those carriers will be best for low-rate CDs desiring a higher rate and don't mind tying it up for a while. I wouldn't do a single transaction above $100k and probably not even past $50k.

I wouldn't use any of those companies for retirement planning with annuities. Moving CD money to those? Sure, but not a large amount.

 

[Packerland]

Yeah... those carriers will be best for low-rate CDs desiring a higher rate and don't mind tying it up for a while. I wouldn't do a single transaction above $100k and probably not even past $50k.

I wouldn't use any of those companies for retirement planning with annuities. Moving CD money to those? Sure, but not a large amount.

That is my thoughts exactly ... I am looking for those clients that want a steady income stream each year .. that have some money in CD's and maybe dead IRA money . The money placed into their fixed indexed annuity and any earnings credited will not be lost due to a negative market. I also want them to have guaranteed retirement income when they need it.

I am going to focus on a single-purchase-payment deferred fixed indexed annuity designed to prepare for retirement. That offers growth potential for their investment while also protecting it from market losses.

I am glad you have taken the helpful tone that you have in this thread.. some on this thread have taken a holier than thou stance and for some reason feel that all financial decisions should only be made by a financial planner.. I have zero angst about not doing what is right for my clients and if the insurance commissions did not feel that a health and life agent could sell these products than additional certifications would be required...

 

[DHK]

I truly do believe that every legitimate financial product has a market and is a solution to problems. Now, whether I want to use it or not... is different.

Your insurance license is superior to financial planning certifications because it allows you to act and get paid on your sales. "I am licensed by the state to help you to solve this problem."

Now, if you're dealing with higher end dollars, you'd want someone with that knowledge and background to help ensure that we're not doing things that shouldn't be done.

But that doesn't mean that you can't sell annuities. I'd just keep them to modest amounts.

Just to share: Van Mueller told me that he got 57 1099 forms from different insurance companies for his 2020 taxes. You must know that there are a lot of good companies out there, but he must be selling some of these contracts even with B rated companies. I can't prove it, but it's an educated guess. He does stand-alone product sales as well as comprehensive wealth transfer strategies.

No reason why you can't learn to do the same.

 

[LostDollar]

Caveat, not an agent.

I would just comment that knowledgeable annuity agents on the site have advised me that even small annuity purchases, such as $5,000 should be evaluated against whether the carrier has an AM Best rating in the A letter range and consideration should also be given to the capital strength of the issuing company.

I have not yet had time to go back and review posts, but I think they have also advised me that an insurance carrier is not a bank and an agent close that "a B rated carrier is no problem because of something called a State Guarantee Association" is somewhat misleading in relation to financial reality that I should be considering.

 

[Packerland]

Good advice