What companies do you use for indexed annuities?

Posted: Thu Jun 14, 2007 09:33 am Post Subject: hi!

Friends!
I have come across a few good names in this respect and they may be referred as follows:
Amerus Life (amerus.com), American SKandia Life (americanskandia.com), Aetna Life Insurance And Annuity Co (aetna.com), Acacia Life (acaciagroup.com)
Talking about the Crediting methods, as far my knowledge goes, I've come across 4 of them distinctively as (i) Monthly averaging (ii) Daily averaging (iii) Monthly Cap & (iv) Point-to-point methods.But yeah, choosing a method depends mostly on the nature and the amount of your annuity. Regards, Fatman

Posted: Thu Jun 14, 2007 09:40 am Post Subject: lets stand by it!

My friend, lemme assure you, that its quite impossible to guess the truth that awaits us over the stock markets for the next ten years and hence for the indexed annuity. We should therefore concentrate on the tools that are availed to us in order to determine the fruit-bearing indexed credit methods. Unless we testify we can't stand up to the wellbeing of our clients.
Thats all for now! Larsen Mcguire

Posted: Thu Jun 14, 2007 09:54 am Post Subject: Trying to understand it!

Hi...its quite understandable that in the recent times...we have seen perceived unforeseen differences in terms of hypothetical returns where in most of the credit methods reflect a cap/rate of 0.0% while just a couple are over 2.0%.
PaloAltogenman

Posted: Thu Jun 14, 2007 09:54 pm Post Subject: why index?

The carrier of your indexed annuity is not as important as the options that the contract holds. For example, I have seen annuities through certain companies with surrender charges running as long as 25 years. The general rule is that you should not invest any money that you think you may need in the future, but you would be amazed by how many people take the "whack" on surrender charges to get to their own money. Whatever you invest, consider it gone. That money is for retirement. It all depends on what your individual plan is though, so keep an eye on surrender charges.

Take a look at the annual policy charges. These usually run as a percentage of your balance, and sometimes they can get pretty high. The contracts with the long surrender charges usually run a lower charge than the ones with short lock-up periods, and vice versa. Take your time and pick the one that is right for you.

Also, you have to stop and think, why an index? Indexed annuities are extremely conservative investments, where as the stock market has averaged 10% over it's lifespan. Considering the crashes, that's a pretty good return. My advice is go straight to a variable annuity investede in a well-diversified portfolio of funds.[/i]

Posted: Fri Jun 15, 2007 05:54 am Post Subject: Senior Clients

In general, most of my senior clients don't want to risk money in the stock market any longer. The safety of their investment is far more important to them than the return. A 68 year old can't afford the same risks that a 38 year old can, they just don't have the time to recover from it.

Also to get the new income riders with a variable product you may have to pay more in order to get it. With a fixed indexed annuity, you can get it for as low as 10 basis points. 2 reasons I like ING are they lowered their surrender charges lately, and even though the rider I spoke of costs 35 basis points with them.....if you don't use it, that money is credited back to your account.

There are specific reasons to use indexed annuities. I'm looking for those who offer these to their clients that have opinions concerning the companies they use. I know who the strongest companies are, just looking for further ideas. I'm looking to shed some of the companies I don't think I'll be using. Thanks in advance for your opinions.

Posted: Wed Oct 24, 2007 08:35 pm Post Subject: EIA

if you are an Agent selling EIA's the Broker/Dealer i work for gives 100% commissions on EIA's and Fixed products. [b]jas@trustmontgroup.com[b]

*link deactivated as per the forum rules