Perfect Demographic for Annuity Sell

[mike95910]

hey everyone, 1st time post here for me. THis forum is great!

Anyways i wanted to know what demographics people use to make that annuity sell? What is the best? Thanks

 

[padthaiforlunch]

IQ below 95 and net worth of $300k+.

 

[mike95910]

HAHA that would be nice, but its hard to target the IQ
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How about people age 55-65. Homeowners..... anything else i could do to narrow it down?

 

[padthaiforlunch]

Actually, the IQ is easy to target. Buy lists of people who enter sweepstakes.

Tell them they've won a free ride in a new car. Rent one with a big trunk so you can get husband and wife at the same time.

 

[arnguy]

Like "pad" said the IQ is really easy----you would have so many prospects you couldn't get to them all in 100 years. The financial aspect could present a problem and you wouild have to cull your list.

 

[VolAgent]

Hang out at the local corner store and see who buys lottery tickets. Look for the middle class guy or gal.

 

[bluemarlin08]

Stand outside of banks and ask folks if they would like to get 8% compounded, guaranteed on their CD money. No brainer!

 

[scagnt83]

Stand outside of banks and ask folks if they would like to get 8% compounded, guaranteed on their CD money. No brainer!

And exactly what product is guaranteeing 8% at the moment?

 

[insuranceexec]

And exactly what product is guaranteeing 8% at the moment?

That is a mixed statement; in that the 8% is not guaranteed on the account value, but the income account value.

What a good thread to come back too! I have missed you guys.

 

[bluemarlin08]

Insuranceexec wins the door prize. He will be allowed to sit through 5 "safe asset" seminars and can invest up to 100,000 in the 8% phantom annuity and get a below market rate payout, but the account does compound at 8% guaranteed, what a deal.