An IUL Policy with Premiums 50% Off!
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Through February one of the biggest Life Insurance companies is offering “Preferred” health class prices to clients who are rated “Standard”! This means drastically lower premiums for clients, which means they can afford even higher death benefits and tax-free cash accumulation in this Index Universal Life policy. And…the commission is higher than most other IULs on the market. So act fast and call us today.
7% Commission on a 5-year Index Annuity!
Sounds too good to be true, but this is for real. A 5-year index annuity, from a carrier we have worked with for over a decade—with exemplary service and performance. And, it even has powerful index crediting methods that have verified results that would return an average annual profit between 7.57% and 14.02%! This is incredible, to have a strong 5-year index annuity paying 7% commission—especially considering the average commission is 4.25% on a 5-year annuity.
Why Are Rates Going Down in Index Annuities?
For the first time in a VERY long time, some carriers are lowering rates in many of their index annuities. But before we look at why this might be happening. We need to look at how rates have been rising for over a year—without falling.
I believe it is the overwhelming amount of index annuity business that has been coming in over the past two years. Carriers are so busy that we are often on hold on the phone for 45 minutes just to get to talk with a representative. In order to slow down sales, carriers are likely reducing crediting rates so as not to be forced to hire and train more employees to handle the ever increasing sales volume. I do not believe that lower rates are in response to market volatility, inflation, interest rates rising, or any other external phenomenon. If those factors caused rates to go down, we wouldn’t have seen rates continually rise over the past two years.
So, what do lower rates mean for those of us who sell index annuities? If you work with us at TWH it will mean very little. We have top commission contracts with nearly every carrier, so we always have access to the highest crediting rates. Give us a call and we can help with illustrations, case design, choosing the best annuity for each client, and how to have the conversation.
Why Did My Client Get a 1099?
Many clients are receiving 1099 tax forms as a result of moving an annuity from one carrier to another—or even on an internal transfer from one annuity to another. Not to worry. This is merely a record of the asset movement to the IRS and does NOT indicate a taxable event, IF the 1099 was coded properly.
Give us a call if you would like to talk a bit more, or have any questions.
~ Greg Skogsberg
800-200-9194
We now have annuity contracts with FORTY-FIVE carriers. More than any other FMO! And this is just one of the reasons we are The #1 Concierge FMO in America!
Gregory B. Skogsberg
Greg is the President of TWH Agency with 20+ years of professional experience. Greg is a seasoned management consultant who has worked for organizations of all sizes in locations all across the country.
