Tuesday Tips – November 11th, 2014
AIG Rate Decrease
AIG has announced a rate decrease that affects most of their Power Select Plus Income and Power Select Builder fixed index annuities. Call today to get an updated rate sheet.
AXA Postponing Term Conversion Mailing
AXA has announced that it will delay it’s term conversion mailing to existing term insurance policyholders until after the holidays. While they are delaying the mailing they still have a special offer to add on their LTC Services rider to converted permanent plans with limited underwriting. Call today for details.
Save vs Spend
Many consumers don’t fully understand the power of saving and compound growth on their retirement. Many individuals have the misconception that if they can’t save a lot then what’s the point, which couldn’t be farther from the truth. Attached is a great infographic that illustrates the impact of saving monthly on an individuals retirement.
The “Robo” Adviser
Charles Schwab has announced the introduction of its online advice services beginning in the first quarter of 2015. This feature will be available for investors who have $5,000.00 or more to invest. While we are big proponents of using digital resources it will be interesting to see how this is received by the advisor base and how much it will be utilized by the consumer base.
The SpectraMark annuity product from Legacy offers a number of features for life’s what if’s. It has a competitive income rider that rolls up at 6.75% compound with enhanced liquidity for LTC expenses. In addition to this it offers competitive growth potential with caps up to 5%. Call today for details and state availability.