Mutuals and Fix Annuities

[shooter]

I don't see many ads for big Mutuals promoting fixed annuities.
Is this something that they don't stack up to well with others?

Most of the ads I see are smaller companies or companies with an A minus ratings.
I do see Allianz but i not interested in them.

Shooter

 

[Larry Tew]

... Most of the ads I see are smaller companies or companies with an A minus ratings.
I do see Allianz but i not interested in them.

Shooter

Jackson is an exception.

 

[VolAgent]

Re: Mutuals and Fixed Annuities

As a rule, big mutuals are conservative.

A conservative company isn't looking to gather a bunch of annuity premium and pay competitive interest rates on it in this environment.

That might chance if interest rates come up, but they'll never push the edge. It appears they were all on the variable annuity bandwagon. After all, you charge fees with almost nothing at risk, if you stay away from riders. Mass Mutual got burned playing the rider game and the last time I looked, they didn't have a competitive VA rider.

This is the same reason that UL is not a big focus at most mutuals.

 

[Larry Tew]

Re: Mutuals and Fixed Annuities

... Mass Mutual got burned playing the rider game and the last time I looked, they didn't have a competitive VA rider.

Companies who reinsured most of their rider exposure have fared well. Those that didn't have been slammed, and they are the ones who have drastically reduced the attractiveness of their rider.

 

[scagnt83]

I would second Jackson, they have good products.

NYL has very good traditional fixed annuities (they all have rop); and an excellent lifetime spia

 

[JFBAgent]

Yeah....their rates are low...but they're still better than anything else!