FIA with Most Upside Index Potential that Allows 10% Free Withdrawals?

[scagnt83]

I'm not an agent but a consumer. I am about to fund an annuity and am nervous wanting the best of all worlds. Allianz 222 is 10% per year, lifetime, indexed, this year 2.3% but I can't withdraw the earnings until year 11. Strong company ratings but is there something better out there for a 69 year old who does not have longevity on their side?

My first question would be: "what made you decide on this product?


My initial thought is that a Lifetime Income Rider is designed for people with longevity on their side... not without.


It sounds like you need some guidance n what features/products will best fit your goals/situation. There are much better products out there in my opinion, especially considering your situation.

 

[Midwest31]

I would look at Athene, Aviva, F&G and Great American.

 

[SanDiego619]

Hi folks,
I'm looking for a Fixed Index Annuity that has the most index upside potential that allows 10% annual free withdrawals. The customers like the concept of the FIA and would like to put in around $275k and take out roughly $17k per year. Would like an upfront bonus if possible but would prefer most upside.
Thanks,
John

If they really want a bonus I would say Allianz 365i. 6% bonus on the first three years of premiums. The uncapped BUDBI index is new (just like pretty much all of these uncapped strategies in the FIA world) but its a lot easier to explain to a client since everyone knows what the S&P 500 and Barclays Bond index is. 2.5% spread Annual pt to pt. Don't add the income rider and it's a cut and dry accumulation play.

If a bonus is not needed then 360 with the BUDBI. Regardless of whether they need income or not.

10% free withdraws on both

 

[Newby]

Has anybody studied the new Nationwide/Annexus 10-year annuity yet? looks interesting. I like the fees on the riders aren't charged on the down years and I like participation rates over caps on it. Hate that the single or joint income has to be chosen at issue though. Might be good for single people.

 

[SanDiego619]

Has anybody studied the new Nationwide/Annexus 10-year annuity yet? looks interesting. I like the fees on the riders aren't charged on the down years and I like participation rates over caps on it. Hate that the single or joint income has to be chosen at issue though. Might be good for single people.

I can't seem to find any real good info on it yet.