Two Annuity Cases - Guidance and Opinons Appreciated

[nsure2day]

45 y/o female looking for max accumulation. TX. 500k

48 y/o male needs 30k income/ yr. MA 500k

Looking at indexed products prefer A rated Thanks.

 

[Tahoe Ray]

45 y/o female looking for max accumulation. TX. 500k

48 y/o male needs 30k income/ yr. MA 500k

Looking at indexed products prefer A rated Thanks.

I sent you a pm. .

 

[Josh Landis]

45 y/o female looking for max accumulation. TX. 500k

48 y/o male needs 30k income/ yr. MA 500k

Looking at indexed products prefer A rated Thanks.

nsure2day,

First case - your client is looking for max growth...are they concerned with the most upside or do they want some sort of guaranteed rate also? There are a few different options I would look at depending on the answer to this question. Also, are you willing to go below A rated? If the client wants the most upside possible there are a few uncapped products out there. I would consider Annexus BCA (although it was recently downgraded to B+). It is uncapped on the S&P 500, and has averaged 6.5% per year over the last 30 years. If it must be an A rated company, then Great American American Legend has a 6% cap.

Second case - When does your client expect to need the income? as this would make a big difference on which products would fit.

Thanks

 

[nsure2day]

Thanks. The second client would most likely need within 12 - 24 months but we are working on options to protract that.

 

[Josh Landis]

Thanks. The second client would most likely need within 12 - 24 months but we are working on options to protract that.

There are a couple of different options here as well. If you want an FIA the highest guarantee you're looking at is going to be about $27k/year with Allianz. There are some other A rated products that will give you around $24k/year (North American and Aviva).

The other option would be Annexus where you get a lower guaranteed rate, but on average you would get around $36k/year. This option also allows you to take free withdrawals and continue to let the income rider benefit from the index returns...giving your client more flexibility on when they turn their income on and also has a GMWB doubler when the client is unable to perform at least 2 out of 6 ADL's.

You could also do a SPIA which would give you around $25k/year with American Equity.

 

[RedKite]

Those are equity income clients. Fixed are for risk averse clients which neither of them are. You would do better with a Universal Life product, im sure someone can give you a couple good ones that might hit a 6%.

 

[AnonymousOne]

Those are equity income clients.
Right

Fixed are for risk averse clients which neither of them are.
Right

You would do better with a Universal Life product, im sure someone can give you a couple good ones that might hit a 6%.
Please shred your insurance license.

 

[DFW]

Midland National Capstone 14 for the 45 yr old

 

[SanDiego619]

45 y/o female looking for max accumulation. TX. 500k

48 y/o male needs 30k income/ yr. MA 500k

Looking at indexed products prefer A rated Thanks.

Just messaged you with a pretty solid solution. Especially for the 2nd case