Mark Your Calendars for November 27th!
Every once in a while one of our carrier partners issues a perfect product to fill a niche or void in our tool kits. I’ve had quite a few cases that called for a 5 year solve where a fixed indexed annuity would work very well. But most of those cases ended up in a traditional fixed annuity. Either rates have not been competitive or the client’s age ended up restricting product availability. In less than two weeks that will change.
One of our premier A rated carriers will launch their 5 year indexed annuity with the following highlights:
- Cap rate of 5.25% on premium of $100,000 and up and 5.00% below;
- Participation rate (risk controlled S&P 500) of 65% on premium of $100,000 and up and 60% below;
- 10% penalty free access in ALL years;
- Walk away full account value after 5 years with NO FEES;
- Extended care and terminal illness full surrender waivers;
- Full account value as a death benefit;
- Issue through age 89 on both non-qualified accounts and IRAs.
If you are working with a client currently and the case may be tending toward shorter duration but still needing competitive rates, let’s talk about it. While we have to wait until the 27th to be able to take applications and run illustrations, we can lay the groundwork TODAY!
Oh, you may be asking “Who is the carrier?” Well that’s a great question. Call me and I’ll tell you………..Have a wonderful Wednesday!
Sincerely,
David W. Smith
Vice President of Annuities
The ASA Group
11807 Hinson Road, Little Rock, AR 72212
O:
(501) 224-7739
F:
(501) 400-8580
