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60 Second Annuity Sales Idea

Protecting Market Gains

12-01-2009

Recently a brokers called me with a client looking for a way to protect recent stock market gains. The client was in his early 60’s and wanted to continue to grow his money, while removing all future market downside risk.

I suggested a flexible premium fixed annuity. The product would allow the client to sweep profits from the market in a fixed vehicle with crediting methods allowing continued growth, and lock in all gains against downside risk. Additionally, the subsequent deposits would be treated as commissionable sales, creating an income stream for the advisor as well.

The client liked this approach because it was easy to understand, and simple to set up. Not only did our advisor make the sale, but his long time client referred him to a couple of new prospects. Sounds like a win-win to me. Give me a call and let’s share some ideas.