Date registered: Feb 2006
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I would be glad to post the info for all to see. I was under the understanding that one could not post info that one can make a profit from.
In an effort to avoid doing just that, I will give the info to all for them to take and use. If they choose to use my company, feel free to PM me for my companies name and number.
Equity indexed Annuities:
An equity-indexed annuity is a special type of contract between you and an insurance company. During the accumulation period – when you make either a lump sum payment or a series of payments – the insurance company credits you with a return that is based on changes in an equity index, such as the S&P 500 Composite Stock Price Index.
The insurance company guarantees a minimum return and will also pay you 5%-10% bonus on the money you put in. So if you put in 100K you will recieve 10k as a bonus. Now you are starting out with 110k.
There is a 3% cap on your monthly earnings. Say in Jan the market had a gain of 2%, you would be credited with 2%. Feb had a 4% gain. You would be credited with 3% in your account. Over the year as the market rises and lowers, an average of the 12 months determins what you make. If the overall average over the year is a loss. You do not take a loss! You still have 110k in your account! But if there is an overall gain, your account is credited.
After the accumulation period, the insurance company will make periodic payments to you under the terms of your contract, unless you choose to receive your contract value in a lump sum.
There are no Fees associated with this. Also this is a Long Term Investment Vehicle. 5 or 10 year program.
Insurance companies are trying to get a law passed against this, but until then it is perfectly legal.
Investors have turned the tables on the Insurance industry. The insurance companies are counting on you to pay premiums and never collecting. When you turn 65 and go on a fixed income you may be surprised to see your retirement income is not what you need to survive.
If it comes down to paying the light bill or paying the insurance premium, no contest. Many Policies are dropped for that very reason. Insurance companies depend on that.
A new wrinkle in the investment community is to find investers to buy those policies from the elderly for "x" amount of dollars. The investors are made the beneficiaries and continue to make the premium payments keeping the policy in effect. The Elderly person has instant Big money to use as the decide to use it and the investors collect the payout when the elder dies.
If you are 65-85 and you do not have a policy, you can get insured for 1 Million to 5 Million and sell your policy to the investors before you have to make the first premium. The investors make all the payments and PAY YOU a fee for the policy, showing them as the beneficiaries.
Last edited by 2000 SLK230 Copper; 01-09-2007 at 06:11 PM.