What VA would you buy now?

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Dec 16, 2008 7:00 am

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).

Dec 16, 2008 7:41 am

Look at Jackson National and Allianz.

Dec 16, 2008 9:44 am

For GMIB benefits, I would look at AXA Equitable

For GMDB/GMWB, I would look at Jackson National

Dec 16, 2008 9:49 am

non qualified money.  Lincoln i4life

Dec 16, 2008 9:54 am

John Hancock’s Income Plus for Life (IPFL) is among the most simplest and clear cut.  And, like you said…AAA rated.

Dec 16, 2008 4:48 pm

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.

GMWB.....Jackson National.   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.
Dec 16, 2008 11:11 pm

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.
Dec 16, 2008 11:13 pm

non qualified money.  Lincoln i4life

Dec 16, 2008 11:40 pm

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. 

Dec 16, 2008 11:40 pm

I thought Lincoln was in big trouble?

Dec 17, 2008 6:50 am

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.