Life & Annuity Carriers Updates! 11/15/2022
Carrier News:
- Global Atlantic’s Annuity/LTC “Tripler” product now has an interest rate of 6% for premiums over $200k!!! Remember, LIVE, DIE, QUIT. If the client lives and needs care, he/she gets 3X what he/she put in. If he/she dies, the beneficiary gets what the accumulation. value has grown to. If he/she wants to “quit”, they can take the surrender value.
- Nationwide: They repriced their hybrid Life/LTC policy. Their “CareMatters” product is a great LTC solution. Their benefits are indemnification versus the typical “reimbursement”.
- AIG now has their annual reset S&P 500 cap at 11.5% for premiums over $100,000!!! Caps on annuities are now getting higher than IUL!!!
- New carrier Ibexis is offering a 6% myga for 5 years!!! That 6% is simple interest but is equivalent to 5.39% compounded. LIMITED DISTRIBUTION PRODUCT THAT NOT EVERY IMO CAN OFFER.
Aspida has launched their INDEXED ANNUITY that has a 13% S&P 500 cap!!! These guys are serious about being a top carrier in the annuity space!!! LIMITED DISTRIBUTION PRODUCT THAT NOT EVERY IMO CAN OFFER.