- Thread starter
- #11
in a good year it's a wash so why not have the GMWB
Galic New
- Thread starter jmhalvo
- Start date
So that there is never a "negative" year...and it is still 65 bps or so difference (spread vs fee).
- Thread starter
- #13
Maybe it's just me but I get these "I never want to see my account value go down...ever" people.
If they don't want/need the rider, why pay for it? Caps change every year...that rider fee is not going down though.
I understand your point logically...
- Thread starter
- #15
I agree with you. I only use ci7 for GMWB and then use fixed rate bucket to pay the fee until income is turned on
- 10,830
Anyone heard any rumors about what the new uncapped strategy will be?
- Thread starter
- #17
webinar is tues. Good q
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it will be sp500 with a par rate. The big news is they will credit even after GMWB turned on, so clients can get a raise. Caps etc released on Monday
- 10,830
How is that big news? Which carriers stop index crediting once the GMWB is turned on??
- Thread starter
- #19
I mean index crediting continues to the notional income BASE, not just to cash, so client gets an annual potential raise
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Obviously to compete with Allianz
- 10,830
Ah. Well that is different.
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