Don’t Surrender To Annuity Charges – Let Us Find Better Options

When we think of “trading-in” something, automobiles and cell phones come to mind. The switcheroo is usually motivated because the car or phone has ceased to function adequately. But the transaction is often complicated by the fact that there still money owed on the old asset.

And with current higher-performance opportunities offered by new indexed annuities, many owners would benefit from trading-in their old policy for one that does better.

But many contracts are also burdened by money owed if exchanged – in the form of surrender charges that would reduce the rollover amount.

The good news is that your client may be able to:

• Exchange either an existing fixed or indexed annuity for one that pays a premium bonus that could offset, or even exceed, any surrender charges against the old contract.
• Continue to receive those premium bonuses for contributions during the first three contract years.
• Receive cap rates or participation rates on account growth that are higher than the old contract.
• Determine if an exchange is favorable – with little or no work on your part.
• Benefit from a surrender-charge-free partial exchange even if a full exchange doesn’t work.

All you need to do is complete a simple one-page worksheet and we will find the best arrangement for your client. Call today to discuss getting your client’s annuity values into a better situation.

For What It’s Worth: On average, most use their cell phones for 2-1/2 years, short of the common 36-month payment plan. Carriers that “offset” any payment balance due seldom give the discount up front, but divide and spread the credit over the new contract payment period.