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I'm looking for an indexed annuity with a three year term for a person over 80. Preferably one with a decent point to point account and a reasonable cap. Any suggestions from the forum?
Indexed Annuity Question
- Thread starter InsureGuy5
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- annuity indexed annuities
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I don't think you will find any decent indexed product for that short a term. From the company's viewpoint, it is just not a profitable scenario to offer an index for such a short period of time.
A fixed product might be a better fit anyway. You can get 4% guaranteed if the client would go 4 years from one company, or there is quite a bit more to choose from if 5 years is a possibility. I would only be looking at products with a full death benefit given the age and I would encourage getting the kids, if there are any, involved just to avoid suitability complaints down the road.
A fixed product might be a better fit anyway. You can get 4% guaranteed if the client would go 4 years from one company, or there is quite a bit more to choose from if 5 years is a possibility. I would only be looking at products with a full death benefit given the age and I would encourage getting the kids, if there are any, involved just to avoid suitability complaints down the road.
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I missed the part about only being a 3 year term. I thought the OP was wanting a 3 year pt to pt strategy.
Your advise is correct, Charpress.
