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- #21
The Devils in the details, but we're talking about Great American so I'm hopeful. I love the idea of lifetime crediting to base whether income is turned on or not.
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- Thread starter jmhalvo
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- #22
The custom 10 will have a 40% Par rate on the S&P 500 uncapped. It will also have A new income rider option with 5% for 10 years plus whatever is credited. So it's stacked. This crediting continues after the GM WB is turned on, but not as a percentage. It will be credited to base on the same dollars as the cash. Upfront commission 6%
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45% par rate for amounts over 150,000
- 10,830
Well that sucks. Hopefully it is on a Point to Point and not Monthly Average.
Nice feature on the Rider though.
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I would like to see GA release a product that is purely an accumulation play... or at least had decent participation. I dont know how they expect agents to get excited over a 40% PR when you can find 95% PRs out there. A 40% PR might be "uncapped"... but it is basically capped by the PR because it is so low. You are better off with just a plain old 5% cap.
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- #24
I agree totally. Also, I was hoping the new rider would continue to credit the percentage after the income is turned on, rather than just the same number of dollars.
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- #25
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- #27
I thought we both were in agreement the Ultra Value by NW was very competitive 95% pretty low fee (not crazy about the guarantees though). Is there something better than that re fee and par rate?
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- #29
- 10,830
My point was that the 40% does not compare to the 95% PR rate of NWL.
In my opinion NWL and Americo Liberty Mark are the best accumulation plays out there. Followed by Anico's Value Lock.
NWL has 95% Monthly Average PR with a 0.65% Spread. (they call it a fee but it is a spread) That is on the Ultra Value. They have some others with similar PRs/Spreads.
Liberty Mark is a 75% Point to Point PR with a 1.25% true fee.
But LM also offers 105% PR on the S&P 500 Risk Control Index. Plus 100% PR on the Dow Jones Real Estate Index. But LM is on a 2 year crediting term vs. the standard 1 year with NWL (could be a good or a bad thing depending on market timing).
Judging by the historical lookbacks they are both neck and neck. NWL publishes historical renewals along with historical returns. So I feel that adds a greater amount of safety. LM might have great renewals... but there is no history there to prove it.
Also, NWL offers the Income Rider, and LM does not. NWL has some of the highest payout rates on the market. And they offer the greater of 4% or the Credited Index Rate for the rollup.
I showed a client both today side by side and let him choose... he chose NWL. I think mainly because it was the more simple product.
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