P.S.  I also don't need a tutorial on VA's with GMIB riders...I'm looking for specific info on EIA's.

Thanks again!

I use Allianz, and sparingly at that.  It's the most simple, with the fewest moving parts.

I view actuaries as nothing more than bookies that pay taxes, and all of the add-ons are nothing more than ways to generate unnecessary expenses, and not in the clients' best interests.

[quote=BankFC]

For those of you that use them, which companies are you using?  I haven't sold one yet, but I am taking a gard look at them for the more conservative crowd that needs to be in the market.

All "annuities suck" folks can now move on to the next post.  Thanks! 

[/quote]

Better sell quick before the regulators clean up that cesspool.... 

I've given up trying to figure out where the regulators are going next.

Look, any investment can be mis-sold, and they all are, at some point.  We just ry to do the best we can, and let the chips fall where they may.  Just document, document, document why you make your recommendations.

is Allianz capped?  I looked at JNL tonight…capped at between 6 and 10 percent.

Are these the ones that are capped at 2 or 3% per month?

If so, I don't see how anyone can sleep at night after selling those.

My clientele are people anywhere from 45 to 80.  Why is it so hard for some advisors to understand its not always about the return ON the money but the assurance of the return OF the money.

People in my area end to be more conservative, so EIA (or VA for that matter) might work for someone trying to grow their money, yet don't have the stomach to be in the market naked.

The ones I looked at have ANNUAL caps, not monthly.

Have you looked at ING offerings?

We have limited options at my bank (only two EIAs) but the one I have sold is the Allstate MarketSmart.

Two options with the MarketSmart:

Option A pays 0% in a down market and 7.5% in an up market (whether the market is up 0.01% or up 20%).

Option B pays 2% in a down market and 5.5% in an up market.

Simple, easy to understand and explain.  No risk to principle.  The ability to earn more with an up market.  Nursing home waiver.

blah, blah, blah