Top 5 Annuity Features I Feel Will Be Very Popular For 2023 | HUGE NEWS ON GUARANTEES! Check it out!
5 Fixed Annuity Features That Will Be Popular In 2023...
1. Accumulation Guarantees
Currently:
- 3 & 4 Year annuities between 4.90% and 5.00%
- 5 & 6 Year annuities between 5.00% and 5.40%
- 7 Year annuities between 5.10% and 5.50%
- 8-10 Year annuities not as attractive as shorter terms
2. Guaranteed Income Options
What is hot:
- Interest Only Withdrawals (accumulation values & DB remain steady)
- Free withdrawal provision (built in even at higher rates, 5% - 15%)
- Immediate Annuities (Single or Joint Lives, period certain for laddering)
- Split Annuities (advantage to non-qualified funds and the knowledge of exclusion ratio)
3. Carrier ratings, history and longevity
What I feel should be looked at beyond ratings:
-Ratings are just a stating point (Be aware of how long a carrier has had a rating)
- Check multiple ratings agencies (AM Best, Weiss, S&P, + Comdex)
- Total carrier admitted assets (under $1 billion or $10’s of billions)
- History (Has the carrier has a recent upgrade or downgrade)
- Devotion to the annuity product line (Does the carrier have a vested interest in annuities, VOYA)
- Primary product line (FIA – MYGA – SPIA or nice combination
4. An increase in the contractual minimum guarantees (THIS IS HUGE – BIG NEWS HERE!)
This is HUGE:
- A popular walk-Away MYGA will be at 2.75% for 2023 (So liquid in 3 years at no less than 2.75%)
- Other FIA and Deferred at 2.80%
- Be sure to check the minimum guarantees on all product with exit windows
5. Tax Exclusion Ratios and Tax Deferral
More interest = more taxable:
- When rates are below 1% - Taxable gain at the end of year may not be felt to bad
- Now rate have increase 5 fold and so will that taxable interest!
- Use a deferred annuity to defer those taxes
- Use an immediate or Combo/Split annuity defer and get some income with a tax exclusion ratio
Shop That Annuity!
Follow:
YouTube - https://www.youtube.com/@annuityexperts
Facebook - https://www.facebook.com/annuityexperts/videos/
LinkedIn - https://www.linkedin.com/in/jeff-affronti-a1551834/
Rumble - https://rumble.com/c/c-1096761
Instagram - https://www.instagram.com/annuityexperts/
Twitter - https://twitter.com/MrFixedAnnuity
#annuitymarketing #mygarates #insurance #clientoriented #fixedannuity #deferredannuity #annuities #annuitybrokerage #jeffaffronti #insuranceagents #retirement #bankrates #savingsrate #fsdfinancial #financialplanning #agourahillsannuity #annuitycommission #annuityexperts #taxdeferred #californiaannuity #cdrates #retirementplanning #GuaranteedLifetimeIncome
by: Jeff Affronti
California Insurance License #0B91910 & #0B67385
-
52:43
Talk Nerdy 2 Us
2 hours agoDigital Defense: Unraveling Major Cyber Attacks and Protecting Your Data
1.93K -
1:21:33
The Quartering
9 hours agoBiden's Desperate Interview, Disney ROASTED By Gina Carano, Ballot Boxes RETURN The Fix Is In!
70.3K66 -
1:45:53
Robert Gouveia
11 hours agoTrump Offers to SAVE Biden! Donors THREATEN Campaign; BRUTAL Report DESTROYS Joe
73K105 -
1:21:11
Russell Brand
12 hours ago‘THE US IS FALLING APART’ - EXCLUSIVE Colonel Douglas MacGregor Interview (and UK Elections) - 401
254K372 -
51:33
Ben Shapiro
10 hours agoEp. 1998 - Is TONIGHT The Night Biden Drops Out?
125K80 -
19:25
Neil
10 hours agoAs Everyone's Distracted With The NEW UK GOVERNMENT... (A LOT's About To Change...)
82.3K19 -
1:02:14
Geeks + Gamers
12 hours agoGina Carano DESTROYS Mark Ruffalo And Disney Double Standard, Japan Is FURIOUS Over Assassin's Creed
91.9K22 -
1:13:29
Steve-O's Wild Ride! Podcast
3 days ago $0.18 earnedPenguinZ0 Has No Respect For Dr. Disrespect! - Wild Ride #222
93.1K8 -
2:00:57
LFA TV
16 hours agoMERRY INDEPENDENCE! | LIVE FROM AMERICA 7.5.24 11am EST
115K53 -
2:07:02
TENET Media
1 day agoWhat Is A Conservative Woman? | The Culture War with Tim Pool w/Lilly Gaddis & Rachel Wilson
80.1K70