JOSE SAID
What is Spread?
It is the percentage reduction of how much interest is credited to your account over a specific period of time.
What would be the credited interest rate in this example:
S&P500 ended at 18%, Cap is 9.25 %, participation is 100%
9.25%
NAME 5 COMPANIES THAT PROVIDE ANNUITIES
1) ANICO - 2) F&G - 3) NLG 4) NORTH AMERICAN
5) SILAC
SHOW ME THE...
GUARANTEEE
Name 1 annuity plan offered by SILAC
What is an allocation?
An allocation is the policyholder's choice of how to direct the policy's accumulated value to different crediting methods linked to various financial indexes, such as the S&P 500, or to a fixed-rate account.
WHAT COMPANY ALLOWS YOU TO START AN ANNUITY WITH A MINIMUM OF $100 a month?
NLG
WHAT IS THE DIFFERENCE BETWEEN NON-QUALIFIED & QUALIFIED?
NON-QUALIFIED - DOES NOT PAY TAXES
QUALIFIED - PAYS TAXES
Based on Genes' presentation, Social Security is projected to be depleted by?
2035
ANICO - What is the minimum amount of premium for NON-QUALIFIED?
$10,000
Name 2 F&G Products (name of the plan)
F&G Power Accumulator
F&G Accelerator Plus
WHAT IS THE ACCOUNT VALUE AND SURRENDER VALUE? EXPLAIN
Account value is what you are accumulating with interest.
Surrender Value is what you can access.
WHAT DOES RMD STAND FOR?
REQUIRED MINIMUM DISTRIBUTIONS
TOP 5 REASONS PEOPLE BUY ANNUITIES
1) Create Income that can never run out; 2) Tax-Deferral Benefits; 3) Limited Investment Risk; 4) Stable Monthly Income; 5) Guaranteed Rate of Return
What is the minimum premium - lump sum - accepted by NLG?
$ 5,000
Mention 2 out of the 4 questions to find an annuity?
1) Would you like to maintain your tax-deferred status?
2) Would you like to participate in market growth, rather than market losses?
3) Would you like to avoid probate?
4) Would you like to have a lifetime income?
What would be the credited interest rate in this example:
S&P500 ended at 13%, Cap is 7.25 %, participation is 140%
7.25%
CAN I ROLLOVER A ROTH IRA TO QUALIFIED ANNUITY?
NO
Name 3 companies in the MAG 7
Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla
Say the name of 1 annuity plan offered by NLG:
Zenith Growth
Zenith Income
Flex Secure Growth
Flex Select Income
Suitability - F&G - What is the minimum amount of $ in liquid assets the client must have?
$20,000
WHAT IS THE NAME OF THE COLUMN THAT DISPLAYS THE ANNUAL INCOME?
INCOME BASE
EXPLAIN HOW YOU EARN INTEREST BUT NEVER LOSE INTEREST? - IF CORRECT, YOU GET A $10 BADASS COFFEE GIF CARD
INSURANCE COMPANIES WILL BUY BONDS WITH THE PRINCIPAL, THEY WILL INVEST THE INTEREST FROM THOSE BONDS IN THE MARKET, IF a POSITIVE RETURN, THE INTEREST WILL BE CREDITED
IF NEGATIVE RETURN, CLIENT NEVER LOST PRINCIPAL
What is the name of the feature that would double the amount of the income base if a terminal illness happens?
Impairment multiplier
ANICO - Suitability
ANICO requires that the client must have at least _____ months of expenses saved up.
How many months, minimum?
3 months