Suitability Question
- Thread starter spartuna
- Start date
- 7,790
- 10,589
What was the question?
yeah, if you didnt know the answer why not repost the OP and share the situation so that others might learn....
- 2,455
The question was, "do they mean a 3 button, 4 button or the classic 2 button ?"
- 182
Thats easy, you should compromise and go for 3
- Thread starter
- #6
- 7,790
This thread reminds me of Johnny Carson's "Carnac the Magnificent" character who could answer questions before seeing them.
- Thread starter
- #8
A client wants to replace their Masterdex 10, after 3 1/2 yrs.
for another annuity I mentioned before I knew what she already had .
The annuity I mentioned when I did a life ins. presentation has a GLIR with an significant increase of payments should she not be able to perform 2 of 6 adl's.
She would be losing her 10% bonus and suffer surrender penalties if replaced. In the short term she's bettter of staying with what she has, but in the long term, making a change would be to her benefit, especially if she needs ltc.
She currently has an annuitization value of $81,000 and a surrender value of $64,000 effectivley putting her back to where she started in 2006.
for another annuity I mentioned before I knew what she already had .
The annuity I mentioned when I did a life ins. presentation has a GLIR with an significant increase of payments should she not be able to perform 2 of 6 adl's.
She would be losing her 10% bonus and suffer surrender penalties if replaced. In the short term she's bettter of staying with what she has, but in the long term, making a change would be to her benefit, especially if she needs ltc.
She currently has an annuitization value of $81,000 and a surrender value of $64,000 effectivley putting her back to where she started in 2006.
Last edited:
- Thread starter
- #10
She won't take income until mandatory or 7 yrs, so in this case the GLIR would give her more income, if she can't wait 7 yrs. then she's better off staying put.
