We have a great alternative to offer your clients wanting a fixed annuity.
Our agent has a client (78 female) looking to "invest" $50,000. She hasn't used the money for quite some time but also stated she might someday.
Initially our agent considered a 5 year fixed annuity that earns 3% interest. We introduced an alternative that he (and most likely you) was not aware existed: High Cash Value Single Premium Life (HCV-SP).
See the comparisons below.
*No exam on this case!
5 Year SPDA
HCV-SP Life Insurance
|Year||Tax-Free Proceeds on Death||Tax-Free Proceeds on Death|
|Approx. $1,450||Approx. $4,000|
Running this simple comparison, our agent was truly able to make this a win-win situation. The client was presented both options and decided on the Life product.
Think about which clients you have that might be in a position to take advantage of this product, and I'll personally walk you through the sale!