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What do VARIABLE ANNUITY Wholesalers make when FA

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Aug 27, 2009 1:34 pm

bluetoon

Joined: 2009-03-29Offline

What do VARIABLE ANNUITY Wholesalers make when a FA sells their company’s variable annuity product. For example, if you sold a $500,000 annuity to MetLife with a 6% up front and 1% trail at year 4…how much does the wholesaler make on you bringing in the $500,000? I’ve always been curious about this.

    thks
Aug 28, 2009 3:56 am

DeBolt

Joined: 2009-07-12Offline

[quote=bluetoon]What do VARIABLE ANNUITY Wholesalers make when a FA sells their company’s variable annuity product. For example, if you sold a $500,000 annuity to MetLife with a 6% up front and 1% trail at year 4…how much does the wholesaler make on you bringing in the $500,000? I’ve always been curious about this.

    thks[/quote] Then you are one hell of a salesman
Aug 28, 2009 5:30 am

theironhorse

Joined: 2007-03-04Offline

why do you say that?

Aug 28, 2009 1:26 pm

noggin

Joined: 2004-11-30Offline

[quote=bluetoon]What do VARIABLE ANNUITY Wholesalers make when a FA sells their company’s variable annuity product. For example, if you sold a $500,000 annuity to MetLife with a 6% up front and 1% trail at year 4…how much does the wholesaler make on you bringing in the $500,000? I’ve always been curious about this.

    thks[/quote]   Very easy answer. Eleventy kabillion dollars.
Aug 28, 2009 2:06 pm

Spaceman Spiff

Joined: 2006-08-08Offline

Why don't you call your wholesaler and ask?  While they seem to sometimes be vague about the way they get paid, I'm sure a direct question would get you the answer you're looking for. 

Congrats on a great ticket.  $30K gross upfront and then, if we assume no market growth, another $35K through year 10.  Not a bad way to make a living.