Annuity Rescue
An annuity review can reveal income opportunities
With the markets at an all-time high, there has never been a better time to review your clients existing annuities. Protect your clients’ gains while increasing their lifetime income and reducing portfolio costs with our help.
Review your book of existing annuity business to determine if any contracts are out of surrender with policy values nearing income values.
Contact your annuity specialists at BSMG. Provide us with your client’s most recent statement and completed Annuity Rescue fact finder.
Have a discussion with your client about locking in their gains, reducing fees and giving them the potential for more guaranteed lifetime income.
Spotlight
Meet our Annuity Rescue expert.
Benefits of Annuity Rescue with BSMG
1.
What can a review do for your clients?
Lock-in Gains
Reduce Risk Exposure
Reduce Fee Drag
Create More Guaranteed Income
2.
What can a review do for you?
You will be able to ensure that your clients have the best product for their needs while replacing dead assets and re-monetizing your book of business.
3.
Why partner with BSMG?
Whether it’s product innovation or consultative selling advice, everything BSMG does for you is about making the complex simple. Our focus on personalized service and our intense knowledge of annuity products and retirement planning concepts help you present ideas to your clients with originality and precision.
Introducing Annuity Rescue.
Everything you need to know in this two-minute read.
CASE STUDY
BSMG’s Annuity Rescue uncovers missed income opportunities
- Barbara, female, age 68.
- $482K nonqualified variable annuity with an income value of $501,490, and 3.40% annual fees.
- Current income @ 5% w/d rate = $25,075.
- Client has a pension plan and is more concerned about protecting her nest egg and providing a death benefit for her 2 children.
- “Rescued” the client’s current annuity with a more competitive option.
- Purchased a life insurance policy by leveraging the guaranteed annual income of $28,197 to provide a tax-free death benefit.
- Removed market volatility by providing principal protection.
- Reduced annual fees by 75%.
- Increased her guaranteed lifetime income by 12.45%.
- Provided a tax-free death benefit of $1.3M (174% more).
Key Carrier Relationships
