Important features of a Fixed Annuity!Annuity Agent Journal News - Archive
Fixed Annuity agent articles of FSD FINANCIAL SERVICES
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The
FSD Fixed Annuity Journal And Interest Rate Review |
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September 2003 |
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Annuity Review
(PDF Format) A variety of sales ideas, product discussions/comparisons and miscellaneous thoughts. "IMPORTANT FEATURES OF A FIXED ANNUITY" Current Rate - The rate the company decides to credit to a contract at for a particular time. The company will guarantee it will not change for some time period.Bonus Rate - The initial rate in some contracts may be higher than it will be later. This is often called a bonus rate. A base rate is the current rate without the bonus.Renewal Rate - The rate credited by the company
after the end of the set time period. The contract tells how the company
will set the renewal rate, which may be tied to an external reference or
index. Minimum Guarantee Rate - The lowest rate your annuity will earn. This rate is stated in the contract. Currently ranges from 3.50% to 1.50%. Surrender charge - Taking out part or all of an annuity's value may cause a withdrawal charge/surrender charge. Surrender charge should end at some specified time. Beware of annuities with surrender charges that last forever. Death Benefit - On death, an annuity will either give the full account value or charge the surrender fee. Sometimes the surrender charge will be waived if a payment stream is selected. Free Withdrawal - An annuity may have a limited
free withdrawal feature. That allows one or more withdrawals without a
charge. The size of the free withdrawal is often limited to a set percentage
of your contract value. |
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Monthly Journal September 2003 |
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"Commission and a Guarantee" 7.65% Year 1 3.65% Years 2-6 9.00% Commission Surrender 9,8,7,6,5,4,3,2,0 Decreasing Monthly - A+ Rated Carrier Simple Index Annuities From AAA JP Jefferson Pilot has a very easy to explain 2. 100% of the S&P over two years with a 20% Cap. Resets ever two years. THAT IS IT NO OTHER MOVING PARTS! 6.00% Commission! Call Now For A Kit! |
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| UNDERSTANDING THE PRODUCTS
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