Tuesday Tips – 06/24/2014

Alerts

LSW Drops Rollup Rate
LSW has dropped the rollup rate on their income rider from 6.5% to 6%. In addition to this the increasing option on their income rider has dropped from 3% to 2.5%

Sales Promotion from NACOLAH
There is still 5 weeks left for North American’s RetireChoice indexed annuity sales contest. Minimum production is 250,000 to qualify. Advisors can earn up to $2,000.00 for 1mm+ of RetireChoice indexed annuity premium. Call for details.

Sales Opportunity

Up Sell To Permanent Life Insurance
An indexed universal life policy can be a great alternative to a client interested in term life insurance or return of premium life insurance. Often times if you aggregate the cost of these plans over the term period the FIUL will have the lowest cost. I’ve attached a great piece that discusses this idea.

Industry News

Finra Compensation
I found this article the other day and thought it was interesting. Finra employees 3,400 individuals with an average annual salary of $197,000.00. I was surprised at this number considering it is almost double the securities industry average. I’ve attached a copy of the article to this weeks newsletter.

Hot Rates

Forefront Indexed Annuity
Forethought has rolled out a series of competitive accumulation indexed annuities. These products offer fixed rates up to 3% and annual point to point caps up to 6.5%. Call today for details

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About the author

Legacy Financial Partners - Legacy Financial Partners is an independent and full service Life Insurance and Annuity FMO that provides specific marketing solutions to help their clients succeed. Using dynamic tactics, an extensive support network and progressive marketing options, Legacy Financial Partners provides unique and specific development strategies to their business partners.

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