I am talking about Americans looking for a plain, vanilla type product that will just pay them interest. And, a little more than they are getting now. As I am writing this, the 10 year Treasury is paying under 1.6% interest. Can you believe it? It is going to be a while before rates start to pop up in my opinion. But, yes I know, that most everyday Americans are not buying 10 year Treasuries. Yep, they are buying Certificates of deposits.
And, what do we have? MYGAs… Multi-year guaranteed rate annuities. And, as of today, they are paying a heck of a lot more interest than the CD’s. But, hold on, MYGA rates are retreating as well. So, want to be a hero with your existing clients? Looking for an easy entry way into new prospects? Of course you want this. Call The Ohlson Group to talk about the complete slate of MYGAs available to you. This is the best prospecting tool around. Just call and ask the prospect when his/her CD’s mature. Good luck.