Annuity Living Benefits

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Mar 19, 2006 2:18 pm

Any thoughts on these annuity living benefits that every annuity wholesaler that comes into my office talks about.  Is there a website that compares them all.

Mar 19, 2006 5:53 pm

http://www.annuityfyi.com/cacompare_annuities.html


This is the best that I found.

Mar 28, 2006 11:11 pm

It seems like there are always "strings" attached to these benifits, and regardless of how carefully you explain the process, clients never seem to fully understand how they work.

Mar 28, 2006 11:58 pm
Gorden Gekko:

It seems like there are always "strings" attached to these benifits, and regardless of how carefully you explain the process, clients never seem to fully understand how they work.



Truer words have yet to be said......

Mar 29, 2006 10:49 am

If clients fully understand investments, history, the economy, and/or financial markets, none of us would ever be able to recommend even a mutual fund.


I'm not apologist for the overuse and sometimes abuse of those things, but the newer bells and whistles seem worthwhile in more cases than I use to think.  "Basically you've got a guaranteed income stream from your principal with the potential for a rising income stream, which will cost you around 2%/yr more than a similar mutual fund.  Which by the way, we can hopefully make up by investing more aggressively than we would if you didn't have the safety net of the insurance (by having closer to 100% equities instead of 60%)."

Mar 29, 2006 2:36 pm
Cowboy93:

If clients fully understand investments, history, the economy, and/or financial markets, none of us would ever be able to recommend even a mutual fund.


I'm not apologist for the overuse and sometimes abuse of those things, but the newer bells and whistles seem worthwhile in more cases than I use to think.  "Basically you've got a guaranteed income stream from your principal with the potential for a rising income stream, which will cost you around 2%/yr more than a similar mutual fund.  Which by the way, we can hopefully make up by investing more aggressively than we would if you didn't have the safety net of the insurance (by having closer to 100% equities instead of 60%)."




That's where the value is...being able to invest somewhat more agressively knowing your income is hedged by the insurance companies guarantee.


I personally HAVE started to look away from VA contracts with the 5%, 6%, and 7% GMIB riders in favor of more simpler, easier to understand, lump sum return of principle (or better) VA's.


Allianz High Five is a really good one.  Especially the L share.

Mar 29, 2006 7:19 pm

I like the GWB thta allow the client to lock in a guaranteed income for life at say 5% and increase that and lock it in every year.  I use ING Lifepay in the ES II

Mar 29, 2006 7:28 pm

I use one that makes the client a lot of money and pays me 7.5%. Bells and whistles are secondary.

Mar 29, 2006 8:51 pm
bankrep1:

I like the GWB thta allow the client to lock in a guaranteed income for life at say 5% and increase that and lock it in every year.  I use ING Lifepay in the ES II



I like that one too.  I think it pays about 7%, Dirk

Mar 30, 2006 7:58 pm

Could it be you like the simplier Allianz annuities because they pay the highest commish?? I hope not.

Mar 30, 2006 8:22 pm

I find allianz to be very expensive when compared to other companies