To sign up for info on this brand-new FIA , click on the following link:
https://advisorshare.com/new-income-rider-fia
Product Specs:
Option 1—9.75% compounded rollup on the benefit base.
Option 2—25% benefit base bonus with 6.75% compounding growth.
-Option 1 is for up to 10-year rollups.
-Option 2 is for turning income in early years.
There is an option for level OR increasing income when you turn on income.
Example 1: 60-year-old, $250k premium, 10-year rollup: level GIB for life = $42,404
Example 2: 65-year-old, $250,000 premium, 1-year rollup: level GIB for life = $22,945
You can check the above numbers with your favorite GIB FIA product (or VA or RILA).
FYI…
1) It’s with an A- rated carrier
2) It’s a limited distribution product (only select IMOs will have access)
3) It’s with a carrier that publishes their renewal caps (meaning the company has integrity)
How good is this product? Green on the map shows where it is #1 in income. It’s insane how many times it’s #1 in income (usually an income product has a very small sweet spot).
Long-Term Income Care Doubler
Like many products, this product has an income doubler (for clients who can’t perform 2 of their 6 ADLs). However, the increased income continues to pay for the full five-year period even if the account value goes to zero unlike the following products:
-EquiTrust – MarketEarly
-F&G – Safe Income Advantage
-Athene – Ascent Pro 10 Bonus
-Am Equity – IncomeShield
-Corebridge doesn’t have an income doubler
OnPointe Retirement Planner
If you want to communicate the value of this NEW income rider FIA to clients, just add it to a retirement income scenario for clients in OnPointe. Nearly 100% of the time you are going to get a better outcome for the client (more retirement income).
To learn more about OnPointe Retirement Planner (including our brand-new Roth conversion app), click on the following link:
