I just noticed Mass has some 403b flyers on their marketing site, any experience with Mass for 403b's? Only out of curiosity...
Index Annuities for Payroll Deduction?
- Thread starter LGilmore
- Start date
I just noticed Mass has some 403b flyers on their marketing site, any experience with Mass for 403b's? Only out of curiosity...
- 8,707
I work backwards in selecting products to sell 403b market. First I see what carriers are approved by a school system, then I see if I can be appointed to sell them and then finally I select the products to sell.
I got that from your earlier posts......so I take it that's a no.
- 10,826
What experience are you looking for? Peter is correct. The only thing that matters is what is approved within that school district.
But beyond that, it is a Mass VA.... so it is a good as a Mass VA is good.
They will have a TPA that will not be Mass who administers the plan. That is where the real headache usually comes into play with a 403b.
But beyond that, it is a Mass VA.... so it is a good as a Mass VA is good.
They will have a TPA that will not be Mass who administers the plan. That is where the real headache usually comes into play with a 403b.
Thank you for the follow up Tyler. How are Mass' variable annuities? I thought they were unpopular due to the high fees...
- 10,826
I have no clue. All VAs suck imo...
If you are interested in selling 403Bs in your area you should google the local school district + 403b and find their benefits page and info on approved carriers. Approved carriers can change on a yearly basis so you need to see what is current.
Valic, Horace Man, Annuity Investors and then a few random others are the usual suspects in my area.
- 8,707
Tyler has already touched on this, and I know you spent time on top gun producers and one thing Rick was definitely right about was not trying to fit a square product in a round hole.
In regards to how good is Mass Mutual annuity in the 403b market I have no idea in the 80 some odd school districts I worked I never ran Into one and only in one district did I ever find them on an approved list and the payroll said they only had 1 older employee using them and this was pre 2009 when everything changed.
