Primarily a Health agent, my life business has greatly grown over the past few years so adding annuities seems to be the next logical step. I was told by a friend that Americo is who he uses for annuities any one familiar with them or have any suggestions???
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"The trouble ain't that there is too many fools, but that the lightning ain't distributed right."
~ Mark Twain
Good suggestions. Better check the conditions to get those higher commission level contracts. Most offer entry level, e.g. "street" level. Higher contracts may have some production requirements to fulfill. For example, a term life contract may have a street of 100% and the next level may require a minimum production of $25,000 to move up to the 105% level.
Independent Brokerage offers a pre nup. Thats who I have used for the last couple years.
Also, I was referring to street level contracts for Annuities. MOst FMO's offer street level, there are a few that offer lower. I do not have the productuion to bump up. I'm not even sure how much you need to write for higher contracts.
I would probably look passed Americo, as their annuities seem to be better for the agent than the customer. There are a lot of agent selling annuities because of high commissions.
Keep in mind high commissions = long surrender charges or annuitization. There are a number of good companies out there that offer the kind of annuities you would sell to your Mother. I know of serveral good companies that you would be proud to represent.
I would probably look passed Americo, as their annuities seem to be better for the agent than the customer. There are a lot of agent selling annuities because of high commissions.
Keep in mind high commissions = long surrender charges or annuitization. There are a number of good companies out there that offer the kind of annuities you would sell to your Mother. I know of serveral good companies that you would be proud to represent.
Do you think that you could have listed the companies you would sell to your mother?
What do you consider to be a high commission? High commissions does not always mean longer surrender or annuitization.
I agree that you shouldn't sell an annuity or any product to someone that you wouldn't sell your mother.
Hello All.
I think you should try Allianze lif inc.....
I think they have avery good annuity (masterdex 10)
ING they have some good annuities too ...SPIA
Thank you
Allianze....lol. Their practices helped give annuities a bad name. In part, by not letting you pull out all your money in a lump sum, after the surrender period, without penalty.
I would consider putting my mother in an Aviva Multichoice annuity.
Look for A ratings, or better. Check for surrender periods, waiver of withdrawal charges; Participation Rates, Spreads and Caps.
Americo for Annuities???
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