MYGAs have shown great sales increases for 8 quarters in a row. And, I believe this is just the tip of the iceberg.
The “Volatility Index” is going through the roof. The Federal Reserve is going to make another big increase in September and I don’t believe they are done hiking rates. Inflation is still way too high, and oil and gas costs are going to increase as winter sets in. People are nervous about deploying money back into the equity markets, they are worried about purchasing bonds and CD's, and Money Market rates aren’t going to do it for Americans. That is why they are flocking to MYGA's. Please read on…
3 and 5 year MYGA rates are above 4% and some are now starting to “tickle” the 4.5% environment. This is proving to be the “short term parking place” for many Americans. Plus, if a new prospect, these people can turn out to be great clients as they will speak with you about the rest of their portfolio.
This is the most simple policy to explain. But, if you need help on a presentation, simply click below and watch our “CD alternative” 4 minute video. It is all that you need to show the consumer. Some insurance companies are starting to offer these rates online directly to the consumer. It is time that you get your share of this business. Simply call one of our marketing consultants, schedule an appointment or simply click below to watch the consumer video.
Don’t look back and miss the opportunity, as the train is still leaving the station.
Until next time… good selling!
Raymond J. Ohlson, CLU, CRC, LACP
President and CEO
The Ohlson Group