| Wealth Accumulation Annuity Plans |
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You have three easy ways to check out the best carriers and their current rates:
Indexed Annuities offer participation in an equity index such as the DOW, NASDAQ, S&P 500 and some foreign indices while still protecting the client against loss. They typically offer the client more "upside" potential than traditional fixed annuities, and even guarantee a minimal return on the "downside". The use of these products primarily depends on your client's age and personal risk preference factors. CD type Multi-Year Guarantee annuities are the perfect alternative to your CD loving clients. Annuities offer benefits that CD's don't, including tax deferred accumulation and avoiding probate at death. See below for great tools that compare the benefits of annuities vs. CD's. These plans offer peace-of-mind and are commonly viewed as the most appropriate plans for senior citizens. Traditional One-Year Fixed Annuities offer a declared rate of return that is guaranteed the first year (or longer in a few instances) with future rates determined by the prevailing market factors at that point in time. Tools, Catch Phrases and Sales Ideas: A Wealth Transfer plan is the proper vehicle if your client does not plan on using funds during his/her lifetime. Wealth Transfer plans immediately increase the amount they plan to leave to heirs, allow it to pass tax-free (unlike an annuity) and allows them to retain complete control over the money during their lifetime via a guaranteed return of premium if they ever change their minds. If they are planning on leaving the money to heirs, their church or charity then use a Wealth Transfer plan for proper asset allocation. E-mail Jeff for a quote! Annuities are safe retirement vehicles that offer protection against "outliving your income". The "traditional" definition of an annuity is a payment of a fixed sum of money at fixed intervals of time, many of them yearly. A deferred annuity allows funds to grow tax-deferred until an individual is ready to start receiving income. A variety of options allows funds to grow at guaranteed rates, fixed rates, or based on an economic/equity index. If your client has need of funds during his/her lifetime, an annuity is the way to go. However, if he/she doesn't intend on using the funds during his/her lifetime and plans to leave the funds to an heir, church or charity, then a Wealth Transfer product is the way to go because the death benefit proceeds will not be taxed (as they would be with an annuity). Source Brokerage is a recognized national leader in annuities and Single Premium Life. Our portfolio consists of hand-picked products and companies leading the industry in sales, innovation and plan features. We have done much due diligence on both company solvency and renewal rate histories. Coupled with our portfolio we offer unmatched sales support. We host regularly-scheduled training sessions to educate agents on product features and EIA crediting techniques utilized by the various companies. These training sessions can show you the advantages and disadvantages of each product type and how to use them to fit a client's specific need. We can also help you design lead programs and provide you with imprinted marketing pieces. Let the annuity specialists show you how to promote the benefits of these plans and improve your income. The following are links to the websites of our most popular annuity and single premium life carriers:
For more information please Adam Frechette at ext. 230. |
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