Originally Posted by walthamny
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.
You are the first one to give me this "advice"! :-)
The products under my belt are broad and of course including annuities. i' ve sold annuity for several years now. Many "advisors" you said, as I found out, they not only don't understand of tax perspectives but also don't know what they are doing in financial persectives. Sorry to say that!
The reason I posted here is because the carriers I got through an agency don't have the short term contract with low down amount to start. I have many others to choose on but if you have ever worked in this field (hope so, since what you commented did not show that), you'd know the price you'd have to pay in order to tie with one agency (e.g., E & O at least).
Talk so, if you have clients in California, forward it to me. I would give them advice, in tax perspective, and would do all the paperwork to open an qualified or unqualified account (of course I have to represent them what pros and cons on the account and follow on what they are best interests (not need to wait to the Fiduciary Rule comes to effect!).) You may get either a portion of commsion or just referal fee.
Thank you for your post and "advice" anyway.
Nhon Do, MAFM, EA
As I know, MassMutual does not contract with independent agent. They only sell their products through their agents only!