10 Reasons Why a Fixed Annuity Might Be Right for Your Client:
Predictability – Principal is 100% guaranteed if held to the end of the withdrawal charge period, assuming no withdrawals.
Liquidity – Typically offers flexibility to access up to 10% of the contract value per year without incurring a withdrawal charge.
Tax Deferral – Postpone paying taxes on the interest accrued during the life of the contract, allowing more money to compound over time.
Power of Compounding – Earn interest on your principal and interest on your interest.
Guaranteed Growth – Competitive fixed rates and guaranteed rate periods mean you experience growth on your contract value.
Death Benefit – In most cases, contract value passes to the stated beneficiary without the delay of probate.
Income – Ability to convert the surrender value into a stream of dependable income for retirement through Annuitization.
Emergency Access – Full liquidity without withdrawal charges is typically available in the event of a terminal illness diagnosis or nursing home confinement.
Simplicity – Easy-to-understand product with few moving parts, making a fixed annuity an easier way to secure your money.
No Monthly or Annual Fees – No monthly or annual fees means that 100% of your principal is credited to your contract value, and your money goes to work for you right away.
3 year MYGA – 4.85%
5 year MYGA – 5.40%
7 year MYGA – 5.40%
Fixed Annuity Rates are up 1.50% – 2.00% from where they were in November of 2021!
If you have any clients who could benefit from the Guaranteed Growth, Predictability & Tax Deferral that Fixed Annuities provide, give us a call today! 973-435-3784