Why stay at BOA any longer?
New year, get out!! When the new proprietary annuities come out it isn't gonna get any better. Look nout for your family and get out now!
I work for a firm that is being bought out by B of A.
It has been delayed because of feedback from the field.
It has been delayed because of feedback from the field.Basically, the 3 and 4 year options were to be eliminated (cost) and only a 7 year would be available based on the fact that most VA sales are made based on income riders (which are inherently long term benefits). Costs in the 7 year would be marginally cheaper - and, of course, the comp would be less. I heard they scrapped and have statred over. Bottom line: there are no proprietary annuities now - but rest assured, they are trying to get the companies to create a product specific to BOA. Something like this never just goes away.
I assume you are with LaSalle, if you are, I hope we start offering the brokered CDs again. great way to raise AUM