kpbdy99
Super Genius
- 153
So, will the new fiduciary rule effectively put an end to using Qualified money to fund LTC annuities, annuity-to-life combos, etc?
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So, will the new fiduciary rule effectively put an end to using Qualified money to fund LTC annuities, annuity-to-life combos, etc?
Not talking about LTC can be interpreted as breach of fiduciary duty too so the best is to talk about LTC, document it, and present solutions to the client.
Which brings up something that I was going to start a new thread about.
Would it not be wise to be contracted with a few LTC carriers so you could actually, and in good faith, offer alternatives- real quotes? I guess the answer to that is obvious.
The FMOs that I'm contracted with will not touch LTC. I guess the reason is obvious: it ain't where the money is.
I've looked at a couple of FMOs that Google up as handling LTCI. Not impressed.
One has LTCI way down the list and, surprise, annuity products at the top.
Another does "only" LTCI but when you drill down it seems they actually want the business for themselves as a "service" -not an FMO after all.
Any suggestions here for a good LTCI source? FMO? Direct contract?
Call LTCI Partners (800) 245-8108 if you want an FMO for LTC.
LTCI: it is about the only insurance product that can raise rates almost at will (as long as a whole class is raised).
Thanks for the tip.
Do you feel they would work well with an individual producer who, frankly, would not be going 100% after LTC sales.
really?
you mean there are no regulations about LTCi rate increases?