FIA rates – just like interest rates in general — are at or near historic highs. We have S&P 500 annual point-to-point strategies with cap rates of 12%. We have fixed accounts on FIA products at or above 5.25%. Volatility-controlled index strategies – with no caps – have participation rates in the triple digits. All of these points are a direct result of higher interest rates set by the Fed.
Income rider payouts, roll-ups and rider bonuses have also ballooned. We now have an FIA with a GLWB rider that offers a 40% bonus to the income base, day one. This also comes with an optional income doubler. Strong payout rates, too. This is just one example of the powerful features on today’s income rider offerings.
So, the time to act is now! Consumers are nervous about the state of the economy, geopolitical events and way too many other things to list on this short commentary. Prospective annuity buyers are looking for someone to show them the way to a smooth, safe retirement. You have the tools in your toolbox to assemble the plan they are seeking!
We can use the “magic” of annual reset, premium bonuses, income bonuses, income doublers and a minimum guaranteed rate of return to help get folks on the safe path to retirement.
Looking for product or sales ideas? Need annuity leads? The best back-office in the industry? Give us a call today – our team is standing by and is ready to go to work!