Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Reply to Allianz Endurance Plus     
Old 04-29-2009, 04:51 PM   #1
New Member
 
Join Date: Apr 2009
Posts:8
State: Zizzou is an Insurance Agent from South Carolina
Allianz Endurance Plus Allianz Endurance Plus
Is there anything better than the Allianz Endurance Plus FIA tha can be used for income purposes?
------------------------------------
  Reply With Quote to Allianz Endurance Plus

Old 05-01-2009, 09:48 AM   #2
Super Genius
 
Join Date: Jun 2008
Posts:151
State: golfnut is an Insurance Agent from Undisclosed Location
Allianz Endurance Plus Re: Allianz Endurance Plus
Yes, a SPIA works better in most instances. If I am working with a Client that needs income in the future, then I may utilize a deffered MYG or a EIA with a bonus/walkaway and then shop the money around at that future date for the best SPIA payout.
------------------------------------
  Reply With Quote to Allianz Endurance Plus
Old 05-01-2009, 10:10 AM   #3
Guru
 
Join Date: Nov 2008
Posts:1,808
State: insuranceexec is an Insurance Agent from Arkansas
insuranceexec is a member of 1000 posts VIP club
Allianz Endurance Plus Re: Allianz Endurance Plus
It depends on the clients current situation; as I am sure you are well aware. Many companies have good income annuities:


RBC
American Equity
Forethought
ING

To name a few. I hope this helps................
------------------------------------
  Reply With Quote to Allianz Endurance Plus
Old 05-01-2009, 11:34 AM   #4
Super Genius
Ichiban on Allianz Endurance Plus - Insurance Forum
 
Join Date: May 2008
Posts:64
State: Ichiban is an Insurance Agent from Undisclosed Location
Allianz Endurance Plus Re: Allianz Endurance Plus
To echo the above yes there are plenty of other products with Income Riders.

The Allianz payouts are not great in my opinion. for a 66 Year old client the payout is 5% for allianz and 5.5% for many of the others so their income is likely to be greater. This depends on a number of factors but the payout should be looked at as it is a key component.

There are many niche markets that they fit.

American Equity: 8% Roll-up is pretty attractive though the Age banded payout on this is similar to ALlianz and not very strong again in my opinion so depending on their age when they want less roll-up guanrteed and great income payouts.

Equitrust 7% Roll-up more liberal payout structure and cost is only 0.40% which is pretty good. Their rating got hammered but they are a good company and will recover.

OM Financial: A 6% Roll-up but only costs 0.30% per year or 4% roll-up for 0.10% a year and generous payouts.

The list goes on and on most company's have them though Midland and North American suspended theirs and Allianz raised their price and lowered their benefit on their income Rider so things are changing.

The income riders are also really only as good as the product and company that is behind them. If you have a good product with high upside the roll-up won't matter as much too.
------------------------------------
  Reply With Quote to Allianz Endurance Plus

Register Now for FREE!
Are you an Insurance Forums member yet ? To sign up for your FREE INSTANT account, please fill out the form below !

Username:     Password:   Confirm Password:     E-Mail:   Confirm E-Mail:     
   
Question of the day:   What is 17 minus one? I agree to forum rules 


Old 05-01-2009, 12:26 PM   #5
Guru
 
Join Date: Nov 2008
Posts:1,808
State: insuranceexec is an Insurance Agent from Arkansas
insuranceexec is a member of 1000 posts VIP club
Allianz Endurance Plus Re: Allianz Endurance Plus
Originally Posted by Ichiban View Post
To echo the above yes there are plenty of other products with Income Riders.

The Allianz payouts are not great in my opinion. for a 66 Year old client the payout is 5% for allianz and 5.5% for many of the others so their income is likely to be greater. This depends on a number of factors but the payout should be looked at as it is a key component.

There are many niche markets that they fit.

American Equity: 8% Roll-up is pretty attractive though the Age banded payout on this is similar to ALlianz and not very strong again in my opinion so depending on their age when they want less roll-up guanrteed and great income payouts.

Equitrust 7% Roll-up more liberal payout structure and cost is only 0.40% which is pretty good. Their rating got hammered but they are a good company and will recover.

OM Financial: A 6% Roll-up but only costs 0.30% per year or 4% roll-up for 0.10% a year and generous payouts.

The list goes on and on most company's have them though Midland and North American suspended theirs and Allianz raised their price and lowered their benefit on their income Rider so things are changing.

The income riders are also really only as good as the product and company that is behind them. If you have a good product with high upside the roll-up won't matter as much too.


Very good post! Another thing I would add is that RBC also has the 8% guaranteed income roll-up as well; with more competitive payouts than the aforementioned.


How long have you been in the annuity business?
------------------------------------
  Reply With Quote to Allianz Endurance Plus
Old 05-01-2009, 01:54 PM   #6
New Member
 
Join Date: Apr 2009
Posts:8
State: Zizzou is an Insurance Agent from South Carolina
Allianz Endurance Plus Re: Allianz Endurance Plus Zizzou is the thread starter for: Allianz Endurance Plus

All good info. - thanks. I discovered the RBC product last night and really like it and actually presented it and the American Equity product today. A competetor brought the the Allianz Endurance Plus to the table and luckily he illustrated S&P 500 monthly sum as the allocation option so I was able to pick it apart pretty well.
------------------------------------
  Reply With Quote to Allianz Endurance Plus
Old 05-01-2009, 02:06 PM   #7
Guru
 
Join Date: Nov 2008
Posts:1,808
State: insuranceexec is an Insurance Agent from Arkansas
insuranceexec is a member of 1000 posts VIP club
Allianz Endurance Plus Re: Allianz Endurance Plus
Originally Posted by Zizzou View Post
All good info. - thanks. I discovered the RBC product last night and really like it and actually presented it and the American Equity product today. A competetor brought the the Allianz Endurance Plus to the table and luckily he illustrated S&P 500 monthly sum as the allocation option so I was able to pick it apart pretty well.


What is your current comp with RBC on say the choice 12?
------------------------------------
  Reply With Quote to Allianz Endurance Plus
Old 05-01-2009, 04:18 PM   #8
Super Genius
Ichiban on Allianz Endurance Plus - Insurance Forum
 
Join Date: May 2008
Posts:64
State: Ichiban is an Insurance Agent from Undisclosed Location
Allianz Endurance Plus Re: Allianz Endurance Plus
Originally Posted by insuranceexec View Post
Very good post! Another thing I would add is that RBC also has the 8% guaranteed income roll-up as well; with more competitive payouts than the aforementioned.


How long have you been in the annuity business?
Thank you, I need to learn a little more about RBC.

I have been in the annuity business for a little over 11 years now as I do the math in my head. Hard to believe where does time go...?
------------------------------------
  Reply With Quote to Allianz Endurance Plus
Old 05-01-2009, 05:05 PM   #9
Guru
 
Join Date: Nov 2008
Posts:1,808
State: insuranceexec is an Insurance Agent from Arkansas
insuranceexec is a member of 1000 posts VIP club
Allianz Endurance Plus Re: Allianz Endurance Plus
Originally Posted by Ichiban View Post
Thank you, I need to learn a little more about RBC.

I have been in the annuity business for a little over 11 years now as I do the math in my head. Hard to believe where does time go...?

An individual with that much experience must have some pretty nice contracts.

Are you happy with your contract level?
------------------------------------
  Reply With Quote to Allianz Endurance Plus
Reply to Allianz Endurance Plus 

  Insurance Agent Forum > Insurance Forum > Insurance Agents and Brokers Forum > Annuities Forum



Similar Threads with Allianz Endurance Plus
Thread Thread Starter Forum Replies Last Post
New zero premium life insurance policy/life settlements maryjd123 Life Settlements Forum 1710 06-14-2013 01:19 PM
Anybody Know About Allianz Life Good, Bad, Ugly? everlife Life Insurance Forum 10 04-10-2012 05:29 PM
Need Help with 501C3 and Allianz Endorsed Group Discount. troyt73 Long Term Care Insurance Forum 4 01-20-2009 11:34 AM
Allianz Endurance 15 20%!!!!!!!!!!!! senior-advisor-indiana Annuities Forum 12 09-23-2008 05:53 PM
ALLIANZ - What's your your experience with them? CHAS.R Getting Started Selling Insurance 19 12-01-2007 08:06 AM



All times are GMT -5. The time now is 12:18 PM.


Forum enabled with vBulletin®
Copyright ©2000 - 2014, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page


Weekly Poll

What is your main strategy for growing your insurance business ?