- 29,507
I just trip over them now and then. Not sure about RNA and Sentinel, but the rest on that chart are big in annuities.
Oxford Annuities
- Thread starter cedwards
- Start date
I just trip over them now and then. Not sure about RNA and Sentinel, but the rest on that chart are big in annuities.
I'm interested in seeing how they are positioning themselves vs. other carriers. Any chance you could email that chart to me?
- Thread starter
- #13
- 29,507
Sure...what's your e-mail address? I'll send it now.
taylormadetp
New Member
- 15
they are ok at best.
Their current rate is only for a 10 year product.
They do not have a 5&7 year product.
The 10 can be re-adjusted to a 5 year and the rate is 2.65%...you can walk away from the 10 year product after 5 on the renewal date within a 30 day window.
Oxford is decent...Guggenheim is best. Sentinel Security is also very good.
Their current rate is only for a 10 year product.
They do not have a 5&7 year product.
The 10 can be re-adjusted to a 5 year and the rate is 2.65%...you can walk away from the 10 year product after 5 on the renewal date within a 30 day window.
Oxford is decent...Guggenheim is best. Sentinel Security is also very good.
Oxford's pitch is their 10yr Royal Select which has the 7% premium bonus on the 10yr chassis which is pretty good, especially in the 10/10 states. I wish they would add a income rider to be competitive though as their cap rates aren't turning heads for a FIA right now.
The MYGA at the newly reduced rate of 2.65% for 5yrs is the top rate I believe (not looking at the whole rate grid at the moment) for a A- rated carrier. When you are looking at the Ratings, they are the best now that Delaware reduced their rate. The 3% comp on the 5yr product is pretty strong as well. With Guggenheim you are looking at 2.50% comp for the 5yr..
The other thing about Oxford is that if you don't write them, they terminate you in 9 months and then you have to wait 24 months or pay your own way with appointment fees to get recontracted. That's a hoop agents have been turned off by.
The MYGA at the newly reduced rate of 2.65% for 5yrs is the top rate I believe (not looking at the whole rate grid at the moment) for a A- rated carrier. When you are looking at the Ratings, they are the best now that Delaware reduced their rate. The 3% comp on the 5yr product is pretty strong as well. With Guggenheim you are looking at 2.50% comp for the 5yr..
The other thing about Oxford is that if you don't write them, they terminate you in 9 months and then you have to wait 24 months or pay your own way with appointment fees to get recontracted. That's a hoop agents have been turned off by.
- 148
AEI Retirement Gold???
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Or of course Foundation Gold if you don't want to vesting confusion
- 271
Could you email me that chart too? I'll send you a PM
- 106
We've been running with Delaware Life as it's been beating everything out there lately in terms of MYGA rates and it's also A rated. Below are the rates as of June 9th, 2014.
A rated carrier
3 year - 2.0%
5 year - 2.8%
7 year - 3.35%
10 year - 3.65%
what is the comp on each year?
