Annuity News & Updates 03/20/2023!
Are Your Clients Concerned About Market Volatility?
Offer them Return of Premium
With treasury rates trending down and bank industry concerns, your clients are looking for options for growth and access to their money.
Luckily, Return of Premium is available on a selection of fixed annuities!
MYGA with Return of Premium: The Standard Life
- 3 Year MYGA with ROP at 4.50% Guaranteed! ($100k+)
- 5 Year MYGA with ROP at 4.85% Guaranteed! ($100k+)
- ‘A’ Rated Carrier by AM Best
- Rates effective as of 2.15.2023
Fixed Indexed Annuities with Return of Premium
- North American VersaChoice has an additional Rider for Return of Premium and other Liquidity options
- Athene’s Performance Elite has the PLUS rider which adds Return of Premium and additional liquidity
- EquiTrust MarketTend: Offers 10% to your client GUARANTEED in the first year! It has built-in Return of Premium as well!
4.00% Fixed Account in Year 1 then a 6% Premium Bonus!Important Reminder:
Treasuries and interest rates are trending downward.
Short term treasury decreases have gone from 5% to 3.5%.
You will see rate adjustments with fixed annuities consistent with lower market interest rates.
Be sure to get your pending business in order along with any prospects interested in a higher interest rate. We are happy to help push anything along.
Rate Decrease Announcements
- American Equity
oMYGA Rates are Decreasing Effective on March 24th
- Atlantic Coast Life
o5-, 6-, & 7- Year MYGA Rate Decreases Effective 3/27/23
The new 5-year effective compound level rate will be 5.43% for the Safe Harbor Annuity and 5.45% for the Safe Haven Annuity.
View the Atlantic Coast Life Rate Sheet