Immediate Income

[SanDiego619]

Wow, you are really here to make friends aren't you....
My point was that you work for a marketing organization. So you are not an agent who is looking for a product solution for a case (like Scott thought you were).

I made no suggestion of your agenda. Only stated the fact that your not an agent looking for a solution for a client. I did this because Scott was under the impression that was the case.

Merry Christmas my friend.

I guess me not trying to make friends (really I haven't had a problem with anyone else being on my back) shows that I'm not on here to showcase who I work for and what I do. I don't understand why my job keeping coming up in discussion when it has nothing to do with why I started this thread. Notice that I have not answered anyone saying "Oh well contact me because I have a better solution." I just feel judged when I was never the one to bring up my job in the first place. Again, listening and learning....

 

[scagnt83]

I must be missing something here. Are we all trolling for business here, or are we supposed to be discussing/educating ourselves about annuity products and benefits for our clients? Agent or "Marketer" shouldn't make a difference as long as the facts about product and planning advice is sound. Also, this isn't facebook, no one here is "friends" why don't you address my post since I seem to be the only one here with actual annuity product advice and a solution to the originial question. I would have thought with the number of "posts" and I'd assume many more replies, there would be more focus on annuities and education/sharing than people getting all emotional.....[/SIZE]
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Also, if this guy is a "Marketer" wouldn't he ALWAYS be giving solutions for clients. They may not be his personal clients, but when I've spoke to "Marketers" from IMO/FMO's they usually always ask "What's your client trying to do? What's their goal with this money?" I'd also imagine that as an IMO/FMO they are in front of all the best product options all day! (That's their job; like creating relationships with clients is our job.)[/SIZE]

Your large font is very hard to read.

There is nothing wrong with a marketer. I know some great ones.

Let me explain this one more time...

Again, all I was trying to do was clear up the confusion that Scott had about the question/thread. I was not bashing/condescending/etc anybody (even though it was taken that way).

As SanDiego said himself, he was trying to just have a general discussion. He was not looking for a specific case.

Scott, however thought that SanDiego was an agent with a prospect and needed help, and was trying to offer case help/contracting to him. I simply explained to him that was not the case.

Again, nothing wrong with SanDiegos intent/job/whatever. I was simply just stating facts.

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I don't understand why my job keeping coming up in discussion when it has nothing to do with why I started this thread.

Your job came up because it was relevant to Scott's post on this thread. I was only trying to clear up his confusion. But somehow you got your panties in a wad....

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I guess me not trying to make friends (really I haven't had a problem with anyone else being on my back) shows that I'm not on here to showcase who I work for and what I do.

You also have had very few constructive responses to your threads/posts....


No one has accused you of trying to showcase anything. I didnt make a big deal out of the fact you work for an IMO. I just stated it as a fact. You are the one making an issue of it and becoming defensive when there was nothing to be defensive about in the first place.

(btw, some of the best industry knowledge I have found has come off-forum, from friendships on this forum. being hostile & defensive will not get you very far around here.)

 

[RetirementHoriz]

Your large font is very hard to read.

There is nothing wrong with a marketer. I know some great ones.

Let me explain this one more time...

Again, all I was trying to do was clear up the confusion that Scott had about the question/thread. I was not bashing/condescending/etc anybody (even though it was taken that way).

As SanDiego said himself, he was trying to just have a general discussion. He was not looking for a specific case.

Scott, however thought that SanDiego was an agent with a prospect and needed help, and was trying to offer case help/contracting to him. I simply explained to him that was not the case.

Again, nothing wrong with SanDiegos intent/job/whatever. I was simply just stating facts.

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Your job came up because it was relevant to Scott's post on this thread. I was only trying to clear up his confusion. But somehow you got your panties in a wad....

How's this. Don't let font size be your excuse.

 

[SanDiego619]

Your large font is very hard to read.

There is nothing wrong with a marketer. I know some great ones.

Let me explain this one more time...

Again, all I was trying to do was clear up the confusion that Scott had about the question/thread. I was not bashing/condescending/etc anybody (even though it was taken that way).

As SanDiego said himself, he was trying to just have a general discussion. He was not looking for a specific case.

Scott, however thought that SanDiego was an agent with a prospect and needed help, and was trying to offer case help/contracting to him. I simply explained to him that was not the case.

Again, nothing wrong with SanDiegos intent/job/whatever. I was simply just stating facts.

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Your job came up because it was relevant to Scott's post on this thread. I was only trying to clear up his confusion. But somehow you got your panties in a wad....

Well I promise that I could have addressed my intentions for the post very easily.

 

[scagnt83]

How's this. Don't let font size be your excuse.

What excuse?? If you spend enough time on this forum you will find that people will ask you not to use huge font.

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Well I promise that I could have addressed my intentions for the post very easily.

Its a good thing you aren't saying what your IMO is because your hostile attitude would give them a horrible reputation.

 

[SanDiego619]

What excuse?? If you spend enough time on this forum you will find that people will ask you not to use huge font.

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Its a good thing you aren't saying what your IMO is because your hostile attitude would give them a horrible reputation.

Again, this isn't to represent my work. I am defending myself where it seems to be fit. Also, if I am reading other posts correctly it appears that I may not be the instigator since I am not into it with anyone else.

 

[RetirementHoriz]

What excuse?? If you spend enough time on this forum you will find that people will ask you not to use huge font.

Okay Scagnt83, let's hear your actual product reccomendation..... 65 year old female client looking to rollover a qualified 403(b) worth $200,000, where she needs immediate income. She has other NQ money ($135,000) with another financial planner, and she has 2 adult children. She's mentioned to you that she wants to make sure that any leftover money is left to the kids, but is concerned about running out of money. What actual annuity product would you reccomend and why?

 

[scagnt83]

Okay Scagnt83, let's hear your actual product reccomendation..... 65 year old female client looking to rollover a qualified 403(b) worth $200,000, where she needs immediate income. She has other NQ money ($135,000) with another financial planner, and she has 2 adult children. She's mentioned to you that she wants to make sure that any leftover money is left to the kids, but is concerned about running out of money. What actual annuity product would you reccomend and why?

Too many variables to answer. I dont know her needs, what the other money is in, what her projected SS is, etc. Things arent that cut and dry in real life.

But a SPIA or AE or Allianz would be products I would start to look at if we are talking generalities.. but a product is only part of the solution.

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Again, this isn't to represent my work. I am defending myself where it seems to be fit. Also, if I am reading other posts correctly it appears that I may not be the instigator since I am not into it with anyone else.

You are on a forum full of professionals, and you are representing yourself to be an insurance professional.


And you have minimal constructive responses to your thread/posts. Why do you think that is???....
Whatever your goal here, your attitude and the way you have presented yourself here, is keeping you from that goal.

 

[SanDiego619]

Too many variables to answer. I dont know her needs, what the other money is in, what her projected SS is, etc. Things arent that cut and dry in real life.

But a SPIA or AE or Allianz would be products I would start to look at if we are talking generalities.. but a product is only part of the solution.

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You are on a forum full of professionals, and you are representing yourself to be an insurance professional.


And you have minimal constructive responses to your thread/posts. Why do you think that is???....
Whatever your goal here, your attitude and the way you have presented yourself here, is keeping you from that goal.

Minimal constructive responses out of my 30 posts? You realize probably 90% of them are from conversations with you right? Meaning, you are participating in not being constructive. I started this thread to hear other people's contructive responses, not give my own. I don't understand the logic behind your thinking here.

 

[RetirementHoriz]

Too many variables to answer. I dont know her needs, what the other money is in, what her projected SS is, etc. Things arent that cut and dry in real life.

But a SPIA or AE or Allianz would be products I would start to look at if we are talking generalities.. but a product is only part of the solution.

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You are on a forum full of professionals, and you are representing yourself to be an insurance professional.


And you have minimal constructive responses to your thread/posts. Why do you think that is???....
Whatever your goal here, your attitude and the way you have presented yourself here, is keeping you from that goal.

I didn't think you'd have an actual response anyway. Since this is just a made up scenario it's okay to give an answer. I can tell you it wouldn't be a SPIA, and American Equity doesn't allow for immediate income. Plus if this client is 65 you would want inflation protection. Allianz would be a good option along with Great American since their income riders allow for immediate income and has an inheritance option.

What annuity would you recommend to a 79 year old client who doesn't need income, is very unhealthy (Life expectancy is 1-2 years), and has plenty of other liquid assets. The money is currently in an old fixed annuity out of surrender paying 2.5%.

What about a 60 year old client that isn't healthy enough for LTC insurance, but has a large sum of money (approx $100,000) that they never plan to use during their lifetime, however due to their family history Long Term Care is likely in their future, what annuity products do you recommend?

Do you actually write annuities? Who are your top 3 carriers that you write? (I already know that there are niche products with more than 3 carriers, but you should have a core set of carriers/products that you use 75% of the time!)