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Reply to Annuity Carrier(s) for 5-7 Year Contract     
Old 03-20-2017, 03:15 PM   #1
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State: JonDo2312 is an Insurance Agent from
Annuity Carrier(s) for 5-7 Year Contract Annuity Carrier(s) for 5-7 Year Contract
Hell all,

I am looking for a carrier that have annuity contract for 5-7 years with following conditions:

* Qualified (e.g., Traditional IRA)
* Flexible Premium (May add up during the year or at the end of the year)
* First deposit may be about $3k-4k.

Do you know any carrier having a product as described?

I am in California.

Thank you.

Nhon Do, Mafm, EA
P: 510-285-7782
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  Reply With Quote to Annuity Carrier(s) for 5-7 Year Contract

Old 03-20-2017, 03:27 PM   #2
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DHK on Annuity Carrier(s) for 5-7 Year Contract
 
Join Date: Nov 2007
Posts:5,457
State: DHK is an Insurance Agent from California
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Annuity Carrier(s) for 5-7 Year Contract Re: Annuity Carrier(s) for 5-7 Year Contract
MassMutual Odyssey Select

https://fieldnet.massmutual.com/fldn...cts/index.html

https://fieldnet.massmutual.com/publ...dfs/an6601.pdf

7-year surrender charge.

Qualified money can start with $4,000 lump sum OR $1,000 to start and $50 monthly contributions.

Surrender charges are based on CONTRACT YEARS, not premium purchase years. This means that after the 7 years, you can move the ENTIRE CONTRACT to another annuity without surrender charge.

Contact your local MassMutual agency for appointment through their brokerage.

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  Reply With Quote to Annuity Carrier(s) for 5-7 Year Contract
Old 03-20-2017, 03:54 PM   #3
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Join Date: Jun 2012
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State: walthamny is an Insurance Agent from Massachusetts
Annuity Carrier(s) for 5-7 Year Contract Re: Annuity Carrier(s) for 5-7 Year Contract
Nhon,

Since you are an EA and life licensed, do yourself a favor, and hook up with few advisors who do sell annuities regularly in CA. Let them make the product recommendation and see if they would pay you a referal fee. Your state is known for aggressive regulation of annuity sellers. I would not sell annuities in CA part time. If you also only show annuity as a solution to a client when you are preparing their taxes, you will get yourself into trouble.
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