Fixed Index Annuities

[padthaiforlunch]

Last I looked, the Value Lock was monthly averaging.

I'm not a fan for the following reasons:

1. Client is stuck for the full 10 years.

2. Only one "lock" over the entire period. I think two-year reset is too long.

3. Client will be looking at you for advice on when to lock in gains. Too much potential for unhappy clients and accompanying lawsuits.

 

[0b1kanobee]

Last I looked, the Value Lock was monthly averaging.

I'm not a fan for the following reasons:

1. Client is stuck for the full 10 years.

2. Only one "lock" over the entire period. I think two-year reset is too long.

3. Client will be looking at you for advice on when to lock in gains. Too much potential for unhappy clients and accompanying lawsuits.

I agree with bouncing chesticles.

 

[Norwayguy]

Last I looked, the Value Lock was monthly averaging.

I'm not a fan for the following reasons:

1. Client is stuck for the full 10 years.

2. Only one "lock" over the entire period. I think two-year reset is too long.

3. Client will be looking at you for advice on when to lock in gains. Too much potential for unhappy clients and accompanying lawsuits.

I don't disagree, I sell way more annual reset design products...however if the client is open minded a longer term product can offer higher than current caps/participation rates etc...