What is the name of your state (only U.S. law)? I have a scenario/case that I need some help on. I met with a client today that has a Variable Annuity that is about 10 years old. It has a $1.5mm death benefit and the initial value 10 years ago was $150k. It is now worth around $88K.
That being said can I find him what he wants:
He wants a $1.5mm death benefit, and a guaranteed ROR of around 6-7% tied to either a fund or index(that doesnt really matter). He wants and underlying guarantee that whether the market is up or down, he is guaranteed his ROR. At the end of 10 years he wants it to be liquid.
Thanks in advance. FYI I am pretty new to the annuity market so if I am missing something here, just let me know and I will respond
That being said can I find him what he wants:
He wants a $1.5mm death benefit, and a guaranteed ROR of around 6-7% tied to either a fund or index(that doesnt really matter). He wants and underlying guarantee that whether the market is up or down, he is guaranteed his ROR. At the end of 10 years he wants it to be liquid.
Thanks in advance. FYI I am pretty new to the annuity market so if I am missing something here, just let me know and I will respond