What VA would you buy now?
I have avoided these like the plague for the past few months due to the insurers getting their arse kicked. What VA with a living benefit would you feel ok with at this juncture? Hancock is triple AAA (whatever that means). If you suggest one, can you include the insurer's credit rating as I am lazy and don't feel like looking it up (just kidding, I'll look it up).
For GMIB benefits, I would look at AXA Equitable
For GMDB/GMWB, I would look at Jackson National
John Hancock's Income Plus for Life (IPFL) is among the most simplest and clear cut. And, like you said...AAA rated.
products are very similar. No one VA has a CLEARCUT advantage over any other with regard to all clients. For low cost basis 1035's i've been using Lincoln/American Legacy i4life because of the tax treatment.
Much of it has to do with the wholesaler. Not how many steak dinners you get, but whom is going to give you the best support in client meetings and on the service end.
Those two companies have earned my business because of that.
ING LifePay Plus.
All the insurance companies self insure there living benfits, none of the majors have failed to honor their living benefits...even AIG. If you're nervous, just do a C share, if something goes bad, 1035 to a different contract.
Ohio National Oncore Value (.90 base M&E). Not a public company for starters. But hurry, many of the best perks and features are going away or being repriced after January 1.
Jackson is so tricked up (in a good way of course) that I have trouble understanding what the heck they are guaranteeing. They come out with a revised version every two seconds. If someone can easily explain their latest and greatest living benefit (it was Lifegard but who knows now) I would appreciate it.