ohbrother1
Expert
- 20
I have a 70m with $180k looking for a 5 year cd alternative. Might not go below A rated but looking at all options.
Thanks!
Thanks!
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I have a 70m with $180k looking for a 5 year cd alternative. Might not go below A rated but looking at all options.
Thanks!
RNA is A- and currently at 3% (but is also a fraternal.)
If you can find an extra 20k (high band 200k), Midland is A+ and at 2.8%.
Otherwise you're looking at B++ and little to no liquidity from Athene and Sentinel at 2.85.
If you want all of the above (no fraternal, A- rating at 180k and some liquidity) you can drop down to AE at 2.6%.
(All subject to state availability)
Good luck...
Don't forget Liberty Bankers Life - Bankers Elite 5 at 3.00%. Downside is the B rating from A.M. Best.
I know ratings are no guarantee of solvency, but they weren't drawn from a hat either. I've never asked a client what is the lowest rating he'd be comfortable with.
I make that decision, and as I've said in another thread, with ~130 companies rated A+ or A++, if I can't give the client what they want from that pool of companies, they'll have to get it from someone else.
are ratings really that important.. arent there govt insurance programs that protect the clientin the event of insolvency? I dont sell this product class