Tuesday Tips – January 12th, 2016
MYGA Rate Increase
Both North American and American Equity have increased rates on their MYGA’s. Call today for an updated rate sheet and state availability.
MedAmerica Out of LTC Business
MedAmerica announced last week that they will be exiting the LTC marketplace effective February 15, 2016. MedAmerica cited economic conditions and the low interest rate environment as the reasons for the exit.
Prospecting still remains one of the biggest challenges advisors face. Available for download on our website is our 16 sales tips for 2016 guide. The guide includes 16 prospecting and marketing ideas to generate more prospects.
Between 2008-2015 the Fed bought over $4trillion in bonds to stimulate economic growth. US and Foreign banks currently hold $2.5 trillion at the Fed and are paid $34.5 million in interest per day.
American Equity Choice Series
American Equity offers a competitive portfolio of accumulation focused FIA’s. The Choice series offers 6 to 10 year surrender options, multiple crediting options, and annual point to point caps as high as 5.25%. Call today for details and state availability.