- 15,041
My belief is they would love for you to roll away that annuity book to get your commissions again.
Ohio National to end Variable Annuity brokerage arrangements
- Thread starter DHK
- Start date
My belief is they would love for you to roll away that annuity book to get your commissions again.
- 546
So what if it does. They can just build an insurance startup like Mass Mutual did a la Haven.
- 546
It's all about reducing their guarantee risk. Supposedly the VA guarantees could absorb up to 60% of their statutory capital in a severe downturn.
- Thread starter
- #14
- 11,457
- 3,764
Bad move in my eyes not to pay trails to agents of record.....
- 10,702
You assume that is a profitable business model. Haven is not the first shot at a carrier attempting to cut out the agent.
Geno Berchiatti
New Member
- 1
Any clients with a GMIB benefit base near their contract value would be wise to find another Annuity carrier with similar guarantees who intends on staying active in the investment world.
I'm sure no one @ Ohio National understands "adverse selection" when the only contracts that stay are the ones with excessive exposure to the GMIB guarantees. This might not turn out well.
I'm sure no one @ Ohio National understands "adverse selection" when the only contracts that stay are the ones with excessive exposure to the GMIB guarantees. This might not turn out well.
- 15,041
I realize Ivory Tower can be dumb at times, but this has been a known issue for sometime. I suspect Ohio National is wanting to cut their losses. They may also be afraid the economy will turn and want to get out before they create a lot more new exposure.
