New 10 Yr Fixed Product??

Feb 3, 2016

  1. JoeAnnuity
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    Hi ,

    Received an email from another IMO with a new product. It reads:

    SAFE Money
    5.0% Year 1
    4.0% Years 2-10
    Guaranteed for 10 Years

    There is no product or company name attached to it so I was wondering if anybody knew what it is.
     
  2. Tahoe Ray
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    If you find out let us know. Doesn't sound right...must be a catch.
     
  3. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    I'm guessing a B rated carrier.
     
    DHK, Feb 3, 2016
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  4. yankee466
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    Atlantic Coast Life
     
  5. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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  6. KRobby
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    Fantastic. What's the surrender and commission?
     
    KRobby, Feb 15, 2016
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  7. Tahoe Ray
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    25 years and 1.5%....just guessing though.
     
  8. yankee466
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    if it helps....the 5/4% are simple interest...not compound

    You can add riders for more normal features to cut into that %...but depending on what you need, it may fly if you do not mind the B+ rating.
     
  9. yankee466
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    for what its worth.....got a phone call that these rates will likely be reduced soon for new business. Guess it is a start up teaser rate to attract initial business.....so it is a get it while you can if appealing in any way.
     
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