Recommendation please - 400k in Life Indexed Annuity

sgcomic

New Member
4
I have a client who is a 60 year old woman who wants to invest 400k in an income for life indexed innuity she wants to start withdrawing income at 64 years old. Her main concern is running out of money she is against any risk
 
@sgcomic This refers to placing the monies in different types or different years of annuities. What your asking is an advanced sales strategy. Not knowing all the information or the client it is hard to provide good directions. I would be very careful if you are new NOT to tie up all the liquidity.

Who do you for or imo with?
 
Don't practice on this person. It will cause you potential regulatory issues & potentially do great harm to this client. Get someone with lots of annuity experience to come in on the case & not just someone that only promotes 1 type of annuity. A client like you mention might need several types of products to cover her needs. All annuities have some risk. Maybe not risk of loss, but risk of lack of access, risk of low returns, risk of carrier solvency.

Split the case with someone
 
Yes we used investors heritage with an income rider with a withdrawal method that would net her 30 k per year guaranteed for life
 
Back
Top