Annuities

“Mailbox Money”

Presented by David Corwin Living too long is a risk that many seniors are faced with today.  Studies show that a 65 year-old man has a 34% chance of living to age 90 and a 17% chance of making it to 95. A 65 year-old woman has a 44% chance of living to age 90 and a 23% chance of reaching 95.  These longer life spans present wonderful blessings, but difficult challenges with the real risk of running out of their savings they have worked a lifetime to create. Annuities can provide a lifelong check directly to their “mailbox” to help mitigate the risk of running out of money. I can help you position one of the products below to best fit your client’s needs:
  • Single premium immediate annuity (SPIA) – this annuity offers an income for life or a certain period of time to be paid out.  Often a good fit to cover the time between retirement and social security payments (and other scenarios), but the client does give up “control” of the lump sum asset in return for a potentially larger payout than other types of annuities.
  • Fixed annuity – this annuity still gives the client 100% control over the asset, which means they can withdraw money as needed, but how long it lasts is dependent upon withdrawals and interest gained on the contract.  Generally speaking, 10% penalty free amounts are withdrawn so additional fees and charges aren’t incurred.  The drawback would be that income will not last for life, unless annuitized, which of course forces the annuitant to give up control of the asset.
  • Income rider – this is a rider that is available on most indexed annuities.  These seem to be the most popular because many contracts guarantee a future result. The client still has complete control of the asset while also knowing they can have “mailbox money” for life.
Please call David Corwin at 800-397-9999 and let me help you fit your client’s needs.
Life Insurance

Charitable Giving

Presented by Jim Linn They may not be Rockefeller, Gates or Buffett, but they can still make a difference.  How many of your clients are living on a fixed income?  How many are currently contributing to a charitable organization on a weekly, monthly or annual basis?  Why do they contribute week after week, month after month, year after year?  The answer:  They have a deep seeded care or compassion about the organization and want to continue to see it exist, now and into the future.   What if you had a machine you could give them that would multiply their giving by 5 or 10 times without contributing anything additional?  You do – it’s called Life Insurance.  Example:  Female Age 65 Non Tobacco                       Standard Health Rating                       Contributing $50/month to a charity  For the same monthly amount she could purchase a $10,000 simplified issue whole life policy with a level premium and guaranteed death benefit.  It would take 16.6 years at their current contribution level to equal $10,000.  Most policies offer a reduced paid up option should they not be able to afford the monthly amount, but would like to still leave something to their charity.    This is just one example of how your clients, on a fixed income, can make a big impact to their charity.  More advanced charitable giving strategies to follow.
Annuity

Top 5 Reasons To Buy a Fixed Annuity

Presented by Deb Strong Today more than ever, we all know clients that have had some money invested in the stock market in security products whom may have lost some of their principal.  Why not talk to these clients about investing it in fixed annuities, to help them sleep at night.  This will allow them to have upside potential in the market and downside risk.  Please call Financial Brokerage for details. http://www.lifehealthpro.com/2015/05/05/top-5-reasons-to-buy-a-fixed-annuity?t=fixed-indexed
Annuities

Fixed Index Annuities: Sales growing, products evolving!

Presented by Richard Mangiameli For the first time, FIAs accounted for more than 50% of the market share for all annuity sales! Not only did sales reach over $48 billion in 2014, they are also gaining popularity in the “Broker-Dealer” channel. FIAs totaled 10% of the total broker-dealer annuity sales in 2014, and broker-dealers expect that share to grow. There are many financial planners who think that Fixed Index Annuities are the worst – too complicated and too many moving parts. It’s important that they take a closer look. FIAs are not complicated and there are not too many moving parts, and with the growth FIAs are having, they are not the worst things out there for your clients. FIAs just celebrated 20 years in the business, and they are here to stay. It would greatly help your business and your clients for you to learn and understand Fixed Index Annuities. Here is how you can learn more – call an Independent Marketing Office (IMO) such as Financial Brokerage, who has been in the market for over two decades and works with several insurance companies who offer FIAs, and will give you a non-bias opinion. Read this article for more information: http://www.lifehealthpro.com/2015/07/23/fixed-index-annuities-sales-growing-products-evolv?eNL=55b2baff150ba06858c48520&utm_source=LHPro_Daily&utm_medium=EMC-Email_editorial&utm_campaign=07272015&_LID=98077815
Annuities

Longevity Risk

Presented by Richard Mangiameli Longevity risk is one of the primary concerns your clients will have in their retirement years.  You can show them how to both protect their retirement assets and generate lifetime income with a fixed indexed annuity.  Fixed indexed annuities can address a multitude of issues, including: 1. Market volatility   2. Longevity        3. Health care cost   4. Inflation   5. Long-term care Click here to read more on this topic: http://www.lifehealthpro.com/2015/06/18/5-major-risks-to-a-clients-retirement-income?page_all=1