Now That They Don't Have Aviva....

[Charpress]

Allianz is dropping their MasterDex X rate from a guaranteed 10% minimum on the income rider to 8%. And down to an 8% bonus. And significantly lower rates on the amount of income paid -a full point at each age bracket.

Aviva got them to run up rates to keep business. Now that Aviva is out of the picture...

 

[policy doctor]

Ever watch that magician trick where he has 3 cups in front of you and you have to guess under which one is the nickel at?

Borrow from Peter to pay Paul.

Tempo is picking up.

 

[SoCalBroker]

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[Ichiban]

That may be part of it but the economics of it are the main thing driving down their rates and Bonus offerings.

So many Companies are raising minimum premiums, cutting field forces, lowering rates, eliminating strategies on products... The list goes on and on.

I wish there was some kind of list on everything that has changed in the last couple of months. It is a good time to diversify who you do business with that is for sure. Of course with many of them no longer contracting anyone new that makes it hard.