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New products from both Aviva and Allianz (and some others) are so strong on the minimum growth guarantees that you really don't have to talk much about the indexing feature. I mean, you can if you want, but explaining indexing is a pain.
Here's the point: it seems to me that these lines of products are ready-made for becoming a totally fixed offshoot of the FIA. If you have products with minimum growth of 7.2 compounded or 12 simple, why do you need an index feature at all?
Imagine how nice to not have to explain strategies, spreads, caps, and that fine print that says the caps and spreads can change whenever the company feels like changing them.
I think Allianz has been totally on the fence and wishy-washy on this: "We maintain the FIA is an insurance product. However, you might just want to get securities licensed because we see things going that way."
Aviva is taking a better position and has said "We will always have great products for insurance people no matter what way the SEC goes."
I like both companies, but I would rather hear that a company is going to support me no matter what I decide to do. I visited the Allianz home office last month and will be doing the same with Aviva next month. I want to hear more from Aviva about where they plan to go with the products they have been hinting about.
The two companies have been leap-frogging each other with new products for the last year.
Here's the point: it seems to me that these lines of products are ready-made for becoming a totally fixed offshoot of the FIA. If you have products with minimum growth of 7.2 compounded or 12 simple, why do you need an index feature at all?
Imagine how nice to not have to explain strategies, spreads, caps, and that fine print that says the caps and spreads can change whenever the company feels like changing them.
I think Allianz has been totally on the fence and wishy-washy on this: "We maintain the FIA is an insurance product. However, you might just want to get securities licensed because we see things going that way."
Aviva is taking a better position and has said "We will always have great products for insurance people no matter what way the SEC goes."
I like both companies, but I would rather hear that a company is going to support me no matter what I decide to do. I visited the Allianz home office last month and will be doing the same with Aviva next month. I want to hear more from Aviva about where they plan to go with the products they have been hinting about.
The two companies have been leap-frogging each other with new products for the last year.
