Suggestions for Annuity

[scagnt83]

you're probably right, but I would point out its 2% per year for 3 years.

Thats correct. Im not saying its not a good product. I love GA products.

But it would be hard for the Am Val to beat the 10% bonus. And that is per year as well, I think for 5 or 6 years.

I recently did the math for the midland product (I think its the capstone if I remember right, they have like 5 or 6 multi-year bonus products with bonuses in the 5%-10% range).

If you compare taking the higher Cap, vs. the 10% Bonus and lower caps/rates; the higher Caps will not catch up to the 10% bonus until year 12 or 13 (based on historical averages). So it just depends on what flavor you or your client likes.

 

[jmhalvo]

Thats correct. Im not saying its not a good product. I love GA products. But it would be hard for the Am Val to beat the 10% bonus. And that is per year as well, I think for 5 or 6 years. I recently did the math for the midland product (I think its the capstone if I remember right, they have like 5 or 6 multi-year bonus products with bonuses in the 5%-10% range). If you compare taking the higher Cap, vs. the 10% Bonus and lower caps/rates; the higher Caps will not catch up to the 10% bonus until year 12 or 13 (based on historical averages). So it just depends on what flavor you or your client likes.

that's very interesting thx.

 

[pfg1]

Thanks for the input guys....appreciate it!