Looking for new VA w LBs/DBs

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Sep 28, 2009 11:30 am

All of the variable annuities I've used have been cut.

 
Any companies still offering the 7% guaranteed bonus or market which is ever higher,  quarterly look backs on both lb and db?
 
Thanks,
Sep 29, 2009 7:09 am

I'm in the same boat, was looking at Jackson but I believe they are cutting their benefits this month.



Nationwide had a 10% simple roll up but I'm not sure if that's been changed too.

Sep 29, 2009 11:22 am

check out protective.  they discontinued it at EDJ, but for everyone else, they have 7%

Sep 29, 2009 11:33 am

Jackson's Select still offers the 7%.  I think I'll go with that.  Nice product.

Sep 29, 2009 12:12 pm

I believe they went from 7% to 6% as of last friday? Was that only for the L share?

Sep 29, 2009 12:40 pm
bluetoon:

I believe they went from 7% to 6% as of last friday? Was that only for the L share?

 
 
Yup, just called them.  L share is now at 6% not 7%.
Sep 29, 2009 3:37 pm

Nationwide still has the 10% simple roll up

Oct 1, 2009 10:20 am

And co-annuitants for qualified accounts......

Oct 1, 2009 11:12 am

Just was on a call about the Prudential with the daily step up.  Sounds pretty nice...anyone use it?

Oct 1, 2009 12:25 pm

Fixed indexed annuities have better living benefits at lower costs than VA's due to limited downside exposure for the insurance companies investment portfolio.  For the situation you described, it's worth looking into.


For example, there's one out there with an 8% compount income account rollup.  The best part is the income account value can also be taken as a death benefit over 5 years. 
Oct 2, 2009 10:45 am

Never was able to use them @ bancofamerrillwide, can you give us a couple of ins. company names to look at?

Oct 5, 2009 3:35 pm

If you're an independent, you'd be best off talking to a marketing company.  They act as wholesalers for the insurance companies they have agreements with.  They can tell you everything you need to know about them.  Often, you BD will have an agreement with one already or have a list of approved indexed annuities.  PM me and I can refer you to a few marketing organizations to look at.

Nov 12, 2009 6:21 am
Omar:

Just was on a call about the Prudential with the daily step up.  Sounds pretty nice...anyone use it?



Yes. It's now Highest Daily 6% Plus.  It's good for the accumulation phase and for keeping the money there for 10 years because you can only withdraw one big lump sum once in 10 years, otherwise your highest daily step up goes to highest quarterly.  It's great to get daily step ups, but they do put your money in cash after several days/weeks of market down.  Call them for a kit for more info.

Allianz has a new product too that gives 8% simple called the Vision.  This might be interesting as a living benefit, but I heard the death benefit sucks.

Nov 12, 2009 4:47 pm
Kudlowfan:

All of the variable annuities I've used have been cut.

 
Any companies still offering the 7% guaranteed bonus or market which is ever higher,  quarterly look backs on both lb and db?
 
Thanks,
 
Not what I'm aware of.  I know that AXA and Ohio National offer the 5% GMIB and 5% roll up death benefit (riders are dollar for dollar)
Dec 22, 2009 1:48 pm

What is your commission on VA's?