Originally Posted by scagnt83
It almost sounds like a way to short the index...
Well, I think that is exactly what it is. I tried to find out more info online, but their agent guide and consumer brochure aren't there yet. It comes in a 12 year 10% bonus flavor and 8 year 5% bonus flavor. Guess which flavor is sellable and which isn't?
I'm not really sure how many people will be blown away with the idea that you can do a little better than zero. If the S&P returns 0.001%, then I assume you do not get the downside guarantee -it has to be zero or less. There are several index options, including the Hang Seng. Sort of strange. Reading between the lines, you can index where you want other than the S&P, but the S&P is still always used to calculate whether you get the interest trigger. How does that work? You do well on the Chinese index, but because the S&P was a negative, you also get the interest downside protection? Or do you have
to index to the S&P -which wouldn't make much sense. Just thinkin' out loud here.
As usual, it boils down to all the other moving parts as to whether it is a decent product to sell. While I was online at their site, I checked on a commission situation. They're showing I was sent $0.00 by EFT last week. Sweet.