KyleLancaster
New Member
- 7
Greetings everyone,
I am a life insurance agent working for an impaired risk brokerage. Until a few months ago we had a product we could offer to just about anyone regardless of health; but such as life, all good things must come to an end. We were left in the situation of now having a void in the coverage we can offer to people with cancer under the age of 40.
For the past few weeks we have been searching high and low for a product to offer but to no avail. I have had several clients, who were willing to pay anything to get at least some type of coverage, that I had to turn away and refer to pre-needs counselling.
I had an epiphany last night. Why turn away a client so they can prepay funeral expenses when there should be annuities that would work. The problem I have run into now is that I know annuities like many people know the inner workings of the federal tax code. I have just a strong enough grasp on the material to be dangerous.
My question to you, the gods of the FPDFA, where do I begin with this product offerring? What exists out there for short accumulation periods on smaller type annuity contracts?
I was researching enhanced annuities, but it seems like not much of that is or can be done in the US.
Thanks in advance for all the input.
I am a life insurance agent working for an impaired risk brokerage. Until a few months ago we had a product we could offer to just about anyone regardless of health; but such as life, all good things must come to an end. We were left in the situation of now having a void in the coverage we can offer to people with cancer under the age of 40.
For the past few weeks we have been searching high and low for a product to offer but to no avail. I have had several clients, who were willing to pay anything to get at least some type of coverage, that I had to turn away and refer to pre-needs counselling.
I had an epiphany last night. Why turn away a client so they can prepay funeral expenses when there should be annuities that would work. The problem I have run into now is that I know annuities like many people know the inner workings of the federal tax code. I have just a strong enough grasp on the material to be dangerous.
My question to you, the gods of the FPDFA, where do I begin with this product offerring? What exists out there for short accumulation periods on smaller type annuity contracts?
I was researching enhanced annuities, but it seems like not much of that is or can be done in the US.
Thanks in advance for all the input.