- Staff
- #1
- 1,586
Got this in my inbox today. Sounds interesting, but this just goes to show you how much they make on an indexed annuity, that they can afford the adverse selection that this will bring.
"Good afternoon. I hope this finds you doing well. I quickly wanted to share with you the newest benefit driven product that we are starting to see more and more success with.
We are excited about the first, and only to my knowledge, index annuity with a LTC rider (not waiver) that has NO UNDERWRITING. First and foremost this is an index annuity (10 year declining surrender, 10% penalty free w/dÂ’s, full payout on death) but if after the fifth contract year the client cannot perform 2 of 6 ADLÂ’s, they can being receiving LTC benefits.
Every agent I have spoken with has a list of clients that were declined by traditional LTC or maybe doesnÂ’t want to pay for insurance that they might not need. This is the perfect solution. If you have had a client declined by Gilico, Golden Rule or Moneyguard this is a perfect solution.
"Good afternoon. I hope this finds you doing well. I quickly wanted to share with you the newest benefit driven product that we are starting to see more and more success with.
We are excited about the first, and only to my knowledge, index annuity with a LTC rider (not waiver) that has NO UNDERWRITING. First and foremost this is an index annuity (10 year declining surrender, 10% penalty free w/dÂ’s, full payout on death) but if after the fifth contract year the client cannot perform 2 of 6 ADLÂ’s, they can being receiving LTC benefits.
Every agent I have spoken with has a list of clients that were declined by traditional LTC or maybe doesnÂ’t want to pay for insurance that they might not need. This is the perfect solution. If you have had a client declined by Gilico, Golden Rule or Moneyguard this is a perfect solution.