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Reply to Sentinel Security Life Fixed Annuity     
Old 08-18-2011, 02:37 PM   #1
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pbbaseball on Sentinel Security Life Fixed Annuity - Insurance Forum
 
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Sentinel Security Life Fixed Annuity Sentinel Security Life Fixed Annuity
Ok, so I've never really done much with annuities, but was curious if anyone is selling this product? Emails from FMO's keep saying 3.75% fixed before riders on a 5 yr.

Seems like a good product to replace cd's with that isn't too confusing for me or the customers.

Any idea if they have preapproved direct mail pieces or newspaper ads to market this with? I don't think I have enough current customers that this would fit to solely market it to them.

Lets hear what everyone has to say!

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United HealthCare ACA contracting and leads
MedicareSupplementContracting.com
888-544-SAVE
910-228-8352
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Old 08-18-2011, 03:05 PM   #2
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Sentinel Security Life Fixed Annuity Re: Sentinel Security Life Fixed Annuity
Guaranteed minimum is 1%...

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High Risk Life Insurance Quotes
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Old 08-18-2011, 04:35 PM   #3
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Sentinel Security Life Fixed Annuity Re: Sentinel Security Life Fixed Annuity
Here's the skinny on that one I believe.. 3.75% MYGA for 5yrs Before the riders..
You want it RMD friendly? Take 0.16% off that original rate.
You want 10% penalty free access? It will cost you 0.08%
You want Interest only withdrawal access? It will cost 0.03% instead
You want the Terminal Illness/Nursing Home Care Rider? It will cost 0.15%

**You might want to give the client the 3.67% rate with 10% penalty free withdrawals so they at least have access to some of the money..

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Scott@SchaeferFinancialGroup.com - 877-257-8246
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Old 08-18-2011, 04:56 PM   #4
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pbbaseball on Sentinel Security Life Fixed Annuity - Insurance Forum
 
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Sentinel Security Life Fixed Annuity Re: Sentinel Security Life Fixed Annuity pbbaseball is the thread starter for: Sentinel Security Life Fixed Annuity

thats kind of what i was thinking after looking at the email a little closer.....
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Old 09-20-2011, 02:52 PM   #5
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Sentinel Security Life Fixed Annuity Re: Sentinel Security Life Fixed Annuity
If you like you can get your annuinty in installments,It calls structured settlements.It's much easy to you.
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Old 07-31-2012, 09:37 PM   #6
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Sentinel Security Life Fixed Annuity Re: Sentinel Security Life Fixed Annuity
Originally Posted by Milhan6770 View Post
If you like you can get your annuinty in installments,It calls structured settlements.It's much easy to you.

Thanks guys, some great information on this company
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Old 08-01-2012, 03:29 PM   #7
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Sentinel Security Life Fixed Annuity Re: Sentinel Security Life Fixed Annuity
Originally Posted by pbbaseball View Post
Ok, so I've never really done much with annuities, but was curious if anyone is selling this product? Emails from FMO's keep saying 3.75% fixed before riders on a 5 yr.

Seems like a good product to replace cd's with that isn't too confusing for me or the customers.

Any idea if they have preapproved direct mail pieces or newspaper ads to market this with? I don't think I have enough current customers that this would fit to solely market it to them.

Lets hear what everyone has to say!
Unfortunately that product hasn't been at 3.75% on the 5 yr. for at least 6 months.

Right now the 5 yr. is at 3.20% with a rate change to 3.10% effective on 08/10/2012.

PBBaseball, I'm not sure what state you are in but the rates are .1% lower in FL and .2% lower in Minnesota.

Here is a little more of the fine print on this one. Scott had a few of these.

[FONT='Arial', 'sans-serif']Required Minimum Distribution: .16%
Preferred 10% Free Withdrawal: .08%
72 (t) Free Withdrawal: .05%
Accumulated Interest Withdrawal: .08%
Terminal Illness / Nursing Home Care*: .15%
Death Benefit Feature : .35%[/FONT]

*Nursing Home Rider / Terminal Illness Rider not available in FL and CA
All Annuitants 86-90 are required to purchase Death Benefit Rider in all states except FL

I'll post some carrier approved sales pieces if I can find some.

------------------------------------
Nathan Lee

nlee@impactpartner.com
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Old 08-01-2012, 06:30 PM   #8
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Sentinel Security Life Fixed Annuity Re: Sentinel Security Life Fixed Annuity
Originally Posted by nathan.lee View Post
Unfortunately that product hasn't been at 3.75% on the 5 yr. for at least 6 months.

Right now the 5 yr. is at 3.20% with a rate change to 3.10% effective on 08/10/2012.

PBBaseball, I'm not sure what state you are in but the rates are .1% lower in FL and .2% lower in Minnesota.

Here is a little more of the fine print on this one. Scott had a few of these.

[FONT='Arial', 'sans-serif']Required Minimum Distribution: .16%[/font]
[FONT='Arial', 'sans-serif']Preferred 10% Free Withdrawal: .08%[/font]
[FONT='Arial', 'sans-serif']72 (t) Free Withdrawal: .05%[/font]
[FONT='Arial', 'sans-serif']Accumulated Interest Withdrawal: .08%[/font]
[FONT='Arial', 'sans-serif']Terminal Illness / Nursing Home Care*: .15%[/font]
[FONT='Arial', 'sans-serif']Death Benefit Feature : .35%[/font]

*Nursing Home Rider / Terminal Illness Rider not available in FL and CA
All Annuitants 86-90 are required to purchase Death Benefit Rider in all states except FL

I'll post some carrier approved sales pieces if I can find some.
Thanks nathan, I'm in Florida
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