Need some assistance on moving from variable to fixed indexed

[ValeRosso]

I have a client who has three variable annuities, and I'm trying to determine what approach I should take regarding moving from variable to fixed indexed. He's never going to use the money from these annuities, these are solely for legacy purposes.

Here are the 3 annuities if you have any remarks on them (im not familiar with any, other than brief research on them)

1. Transamerica Axiom III Variable
Since annuity start date, has had a 2.2% growth rate, had it about 12 years

2. Pacific Life Pacific Journey Select
Since annuity start date, has had a 2.8% growth rate, had it about 10 years

3. Venerable Golden Select Premium Plus
Since annuity start date, had 1% growth rate per year, had it for 25 years.

What would you do in this situation? Obviously coming at it from the angle of "we can absolutely put you in a better position, protecting your money from the market, while earning you more than what you're making now.". Is there another approach you'd include or recommend? I want to give it the best shot that I can.

 

[Tahoe Ray]

I have a client who has three variable annuities, and I'm trying to determine what approach I should take regarding moving from variable to fixed indexed. He's never going to use the money from these annuities, these are solely for legacy purposes.

Here are the 3 annuities if you have any remarks on them (im not familiar with any, other than brief research on them)

1. Transamerica Axiom III Variable
Since annuity start date, has had a 2.2% growth rate, had it about 12 years

2. Pacific Life Pacific Journey Select
Since annuity start date, has had a 2.8% growth rate, had it about 10 years

3. Venerable Golden Select Premium Plus
Since annuity start date, had 1% growth rate per year, had it for 25 years.

What would you do in this situation? Obviously coming at it from the angle of "we can absolutely put you in a better position, protecting your money from the market, while earning you more than what you're making now.". Is there another approach you'd include or recommend? I want to give it the best shot that I can.

Death benefit rider.

Global Atlantic - 7% simple for up to 15 years. Athene will give 150% credits to a benefit base that can be accessed on death, multiple other carriers that offer different flavors.

 

[ValeRosso]

Thanks for this. 7% simple is great.

 

[Allen Trent]

I have a client who has three variable annuities, and I'm trying to determine what approach I should take regarding moving from variable to fixed indexed. He's never going to use the money from these annuities, these are solely for legacy purposes.

Here are the 3 annuities if you have any remarks on them (im not familiar with any, other than brief research on them)

1. Transamerica Axiom III Variable
Since annuity start date, has had a 2.2% growth rate, had it about 12 years

2. Pacific Life Pacific Journey Select
Since annuity start date, has had a 2.8% growth rate, had it about 10 years

3. Venerable Golden Select Premium Plus
Since annuity start date, had 1% growth rate per year, had it for 25 years.

What would you do in this situation? Obviously coming at it from the angle of "we can absolutely put you in a better position, protecting your money from the market, while earning you more than what you're making now.". Is there another approach you'd include or recommend? I want to give it the best shot that I can.

Are you sure the client hasn't been taking money out of those? Would be shocked if they have been owned that long and only had that much growth. Only explanation I can think of is client took money out or had it all allocated to fixed separate accounts

 

[ValeRosso]

Are you sure the client hasn't been taking money out of those? Would be shocked if they have been owned that long and only had that much growth. Only explanation I can think of is client took money out or had it all allocated to fixed separate accounts

I asked, no money was taken out. Crazy low interest.