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!
$50,000 Outlay |
||
|---|---|---|
5 Year SPDA |
HCV-SP Life Insurance |
|
| Year | Tax-Free Proceeds on Death | Tax-Free Proceeds on Death |
| 1 | 51,500 | 70,599 |
| 2 | 53,045 | 71,659 |
| 3 | 54,636 | 72,734 |
| 4 | 56,276 | 73,825 |
| 5 | 57,964 | 74,932 |
| Commission | Commission | |
| 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!
