Originally Posted by VolAgent
Now that is pretty cool regarding Annuity Investors. Although, it really must be a pain if you ever need to surrender the contract. Is the contract pretty competitive?
I have to ask, is this the same GAFRI that everyone is talking about stealing clients?
That was Med Supps....I deal with thier annuity division so the insurance carriers might be the same but I wonder if its an agency thing.
About each deposit having its own rolling surrender period it also has a waiver of all surrender charges after 7 years and 9 I think depending on which contract....I think the last time I looked at it you have 1 index option S&P 500 guaranteed 100 percent participation but its a cap product and I think the cap is down to 4 and 4.75. I think you need to go to write403bdirect.com to appoint with that side its thier 403(b) side but the products are available for IRA business as well.
In regards to competiveness I think we have to remember very few carriers taking less than $2K these days.