MetLife 5% for 5 Years?

[DHK]

YTB - Yield to Broker.

After the surrender period is over, the Registered Rep can pocket a 1% trail each year.

In addition, IF the sub-accounts perform better than the guarantees, then the cash values can be exchanged for a new annuity in 4 years, rather than 7 or more.

 

[scagnt83]

I like that IAs have embraced trails more and more.

 

[Josh Landis]

I have a client who is insisting she can get an annuity at 5% for 5 years guaranteed. Anyone know what she could possibly be referring to? I'm thinking she's either confused or been lied to. Am I wrong?

I would agree with Tahoe Ray on this. F&G has a 5 year 3.5%/3.6% fixed rate. The 3.5% is a better deal in my opinion because if the client dies the beneficiary get the full account value (3.6% rate gets the surrender value at death). Also, keep in mind that this is a promo F&G is running through December 12th. Apps submitted before 12/13/13 will receive these higher rates.

Your client may be thinking of a roll-up rate guaranteed for 5 years or may be thinking of a payout percentage. I would ask the client what product she is referring to, chances are she doesn't fully understand how the product she is looking at works or you're trying to compare apples to oranges.

 

[Shenika65]

MetLife Auto & Home's policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. For complete costs and details, see your MetLife Auto & Home Representative.

 

[jacobtn]

MetLife Auto & Home's policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. For complete costs and details, see your MetLife Auto & Home Representative.

you win the prize for the most worthless post of all time.

 

[goillini52]

you win the prize for the most worthless post of all time.

What's his prize?.

 

[TwiLight]

MetLife Auto & Home's policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. For complete costs and details, see your MetLife Auto & Home Representative.

Here's Your Sign.....