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Jan 22, 2009 5:36 am

Is that sarcasm?

Jan 22, 2009 3:26 pm

Nope…Allianz just quoted me 4.9% fixed for 5 years on 100K…that’s probably who I’m using here.  Used Jackson on the last one because the client was over 85.

Jan 23, 2009 3:44 pm

Ok.. yeah 4.70 then 4.8 for 25K, and 4.9 for 100K...5 year guaranteed rate.. good deal.. not what met was offering 2 months ago, but maybe they will bring that back..

Feb 3, 2009 7:01 pm

I work for a wholesaler of dozens of fixed annuity carriers.  PM me and I can have one of our internal wholesalers call to answer any questions.

Feb 3, 2009 9:59 pm

Since fixed annuities are becoming more popular as replacements for low-rate CDs, here’s a nice link if your clients have questions about how safe their fixed (or indexed) annuity is…

  http://www.safemoneyplaces.com/guaranty.htm
Feb 3, 2009 10:25 pm
Indyone:

Since CDs are becoming more popular as replacements for low-rate CDs

  Would that be the higher rate CDs or the medium-high rate CD's that are better than the low-rate ones????
Feb 5, 2009 5:55 am
etj4588:

[quote=Indyone]Since CDs are becoming more popular as replacements for low-rate CDs

  Would that be the higher rate CDs or the medium-high rate CD's that are better than the low-rate ones????[/quote]   ...you got me on that one...it should have said "Since fixed annuities are becoming more popular as replacements for low-rate CDs..."   The point was to post a nice independent link that showed how guaranty associations operate to make fixed annuities a pretty safe place to invest.  If you are pitching fixed or indexed annuities, it's a nice link to show your clients and prospects.
Feb 5, 2009 4:02 pm

I’m liking the Dominator Plus annuity, but it has a 10 year surrender.  You do have a 30-day window after the 5year GIR period to surrender for free, but if you miss that window, you’re SOL.

Feb 18, 2009 8:26 pm

Just found this link today…not anyone I’m affiliated with, but they’ve got a ton of annuity rate information.

  (link removed)   Allianz is pretty good at 3 years with 3.5%, but for anyone looking to get the magic 5%, American National shows 5% for 6 years if you have 100K.  Less than that is 4.90%...still pretty good.   Note: After some thought, I pulled the link out.  I don't want to do some DIY-er's homework for him/her.  PM me if you are interested in the link.  If your posts here give me some level of comfort that you are in the industry, I'll gladly share the link.
Feb 18, 2009 8:51 pm

[quote=Indyone]Just found this link today…not anyone I’m affiliated with, but they’ve got a ton of annuity rate information.

  (link removed)   Allianz is pretty good at 3 years with 3.5%, but for anyone looking to get the magic 5%, American National shows 5% for 6 years if you have 100K.  Less than that is 4.90%...still pretty good.   Note: After some thought, I pulled the link out.  I don't want to do some DIY-er's homework for him/her.  PM me if you are interested in the link.[/quote]

What's the commish on the 3 year?
Feb 18, 2009 9:05 pm

Allianz 3 year would be Dominator Select which isn’t approved by LPL yet.  Pays 1.5%

Feb 18, 2009 9:15 pm

[quote=etj4588]Allianz 3 year would be Dominator Select which isn’t approved by LPL yet.  Pays 1.5%[/quote]

I’d do it if it were a slam dunk sale.

Feb 18, 2009 9:23 pm

I’ve printed off some information in the past from the safe money website for my evening reading material. There’s some really good stuff there.

  It just about gets me fired up enough to go independent and sell nothing but annuties.   Can you imagine how easy it would be to sell against big brokerage and the evil stock market right now?   Hmmmm.........   Here's another good one: retirerx.com
Feb 18, 2009 9:31 pm
etj4588:

Allianz 3 year would be Dominator Select which isn’t approved by LPL yet.  Pays 1.5%

  Yeah...it's approved, but the guy I talked to couldn't tell me what the commisson was...he's supposed to call back.
Feb 18, 2009 9:35 pm

Huh, just got off the phone with the guy at Allianz.  Said, Select wasn’t approved, where are you seeing that?

  Here's the breakdown on commission:   1 yr GIR: .35% 2 yr GIR: .75% 3 yr GIR: 1.5%   to the grid.
Feb 18, 2009 10:00 pm

…wouldn’t be the first time I’ve gotten two different answers from the same place.  Some guy named Beau at Allianz said LPL had approved but that he couldn’t tell me for sure what the commission was since LPL pays more than general agents.  LPL’s annuity ops guy told me that he thought it was approved, but he’d have to call me back with the actual commish rates.  He told me that they would also post those to the web.

  My guess is that your guy is closer to right than mine, but I believe that we'll see the product approved quickly and commission info posted.  3 years at 3.50% or 3.65% for jumbos when compared to CDs IS a slam dunk.  My guess is, I can sell a ton of this stuff given the crappy current CD rates.   Hank, American National's 5-year (5.05, then 4.05 in years 2-5 - 4.25% average) pays 5% up to age 80.  That still beats the crap out of CDs and should be an easy sell.  If you get in a competitive situation, their 6-year pays 4.9% or 5% for jumbos, but "only" nets you 3.  That's still a nice, easy ticket and is a real win-win.
Feb 18, 2009 10:00 pm

[quote=etj4588]Huh, just got off the phone with the guy at Allianz.  Said, Select wasn’t approved, where are you seeing that?

  Here's the breakdown on commission:   1 yr GIR: .35% 2 yr GIR: .75% 3 yr GIR: 1.5%   to the grid.[/quote]

What grid?
Feb 18, 2009 10:01 pm

[quote=Indyone]…wouldn’t be the first time I’ve gotten two different answers from the same place.  Some guy named Beau at Allianz said LPL had approved but that he couldn’t tell me for sure what the commission was since LPL pays more than general agents.  LPL’s annuity ops guy told me that he thought it was approved, but he’d have to call me back with the actual commish rates.  He told me that they would also post those to the web.

  My guess is that your guy is closer to right than mine, but I believe that we'll see the product approved quickly and commission info posted.  3 years at 3.50% or 3.65% for jumbos when compared to CDs IS a slam dunk.  My guess is, I can sell a ton of this stuff given the crappy current CD rates.   Hank, American National's 5-year (5.05, then 4.05 in years 2-5 - 4.25% average) pays 5% up to age 80.  That still beats the crap out of CDs and should be an easy sell.  If you get in a competitive situation, their 6-year pays 4.9% or 5% for jumbos, but "only" nets you 3.  That's still a nice, easy ticket and is a real win-win.[/quote]

I'll work for 3% all day long. These are big tickets.
Feb 18, 2009 10:02 pm

[quote=Borker Boy]I’ve printed off some information in the past from the safe money website for my evening reading material. There’s some really good stuff there.

  It just about gets me fired up enough to go independent and sell nothing but annuties.   Can you imagine how easy it would be to sell against big brokerage and the evil stock market right now?   Hmmmm.........   Here's another good one: retirerx.com[/quote]

Yes, I can imagine.
Feb 18, 2009 10:03 pm
San Houston:


What grid?

  That was to Indy... LPLs grid.