Help with Finding a Product

[scmb]

Have a client 78 years old with $200,000 in a fixed annuity with 3% minimum guarantee.
No more surrender charges.
Goal is to accumulate cash and not provide income.

Can you recommend a product with a combination of a similar minimum with a deposit bonus?

Remember client is 78.

Thanks!

 

[senior-advisor-indiana]

Have a client 78 years old with $200,000 in a fixed annuity with 3% minimum guarantee.
No more surrender charges.
Goal is to accumulate cash and not provide income.

Can you recommend a product with a combination of a similar minimum with a deposit bonus?

Remember client is 78.

Thanks!

I'd leave that one be. You can't a guarantee like that by moving him.

 

[tins]

Have a client 78 years old with $200,000 in a fixed annuity with 3% minimum guarantee.
No more surrender charges.
Goal is to accumulate cash and not provide income.

Can you recommend a product with a combination of a similar minimum with a deposit bonus?

Remember client is 78.

Thanks!

Maybe Glenn Neasham could make a recommendation.

 

[scmb]

I should have mention that he's aware he won't get those guarantees, he wants a higher potential of making a higher interest rate, my thought was indexed annuity but I don't have a good product for his age.

 

[Tahoe Ray]

I should have mention that he's aware he won't get those guarantees, he wants a higher potential of making a higher interest rate, my thought was indexed annuity but I don't have a good product for his age.

Why is he trying to accumulate cash (at his age) if he doesn't need income? Is it earmarked for a beneficiary?

 

[Norwayguy]

Why is he trying to accumulate cash (at his age) if he doesn't need income? Is it earmarked for a beneficiary?

Good point if it is a single premium life policy will blow away the bonus annuitu idea.

 

[scmb]

Yes goal is to pass it over.
He has parkinson.

 

[Tahoe Ray]

Yes goal is to pass it over.
He has parkinson.

If he has at least a 5 year life expectancy, you might want to look at an FIA with a roll-up DB. Great American, F&G and Athene immediately come to mind...

 

[scmb]

I don't have experience with life cases of that risk. Mainly write FE. He's also over weight.
Assuming he qualify, what would a single premium give him?

 

[jmhalvo]

I don't have experience with life cases of that risk. Mainly write FE. He's also over weight. Assuming he qualify, what would a single premium give him?

he doesn't qualify. As for indexed annuity - he has Parkinson's and you would sign him up to a lower guarantee? No way.

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he doesn't qualify. As for indexed annuity - he has Parkinson's and you would sign him up to a lower guarantee? No way.

and with a new multiyear contract ? I like this career....