June is Annuity Awareness Month

June is Annuity Awareness Month

by | Jun 4, 2021 | Blog | 0 comments

June is Annuity Awareness Month
j
Comments

June is Annuity Awareness month which gives us a great opportunity to discuss Annuities with prospects and clients. Ask about our Annuity Awareness Month New Agent Incentive!

While Annuities are certainly not suitable for all our client’s assets, they can be an important part of many clients’ overall retirement planning.

All Annuities offered through Pinnacle Financial Services are Fixed or Fixed Indexed. None involve any risk – No Securities License is needed. Provide clients with Guarantees, protection from Market Volatility, and/or Lifetime Income.

Retirement Planning Today & the Need for Safety and Guaranteed Lifetime Income

Americans are living longer, and healthcare costs are rising. For the average 65-year-old, health care costs will be approx. $280,000 over their retirement, further necessitating the need for safety and lifetime income.  See Social Security site – “Retirement & Survivors Benefits: Life Expectancy Calculator”

Most Americans do not have access to Pension Plans that will provide guaranteed income. For many, Social Security will not provide enough income. These people will need to supplement their retirement income with savings –

An Annuity could be the Solution

  • Other current investment options cannot provide the amount of guaranteed lifetime income as the annuity. 

Annuity Quoting Tool – Annuity Rate watch

Every agent contracted at PFS will have access to www.annuityratewatch.com for free. This software will allow you to quote nearly every fixed and fixed indexed annuity out there. Quote MYGAs, FIAs, and even Lifetime Income rider comparisons. Click here for a tutorial

Need Help Finding New Clients?

  • Pre-set appointments for Life & Annuity Sales
  • Lead Programs with Guaranteed Results, CRM, Ongoing Training & Coaching
  • Exclusive Per-Piece Leads and Direct Mail Campaigns
  • Turnkey Seminar/Webinar Selling Systems
  • Detailed client presentation tools and reporting geared for converting prospects into clients!

Marketing / Lead Co-op Available!

(Co-ops are on an individual basis and based on production)

Are you new to Annuity Sales?

If you are just getting started with Annuities or are just learning about them, click here for more info. Training is provided on products, fact-finding, selling concepts, etc.

New to Pinnacle?

We would love the opportunity to earn your business! Click here for contracting Info

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact Us

Archives

Annuity News
Life News
Long-Term Care News
Medicare News
Ancillary Health news
All News

Assistant Vice President - Life & Annuity

“

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail

American Equity | The Two Most Important Traits in a Retirement Product

American Equity | The Two Most Important Traits in a Retirement Product

by | May 26, 2021 | Annuity, News | 0 comments

American Equity | The Two Most Important Traits in a Retirement Product
Comments

June is National Annuity Awareness Month.

Achieving retirement income goals

“Guaranteed income each month” and “will not lose principal” are two of the most important traits surveyed consumers say they want in a retirement product.¹

Discover the benefits of fixed index annuities
Whether your clients are looking for growth potential or a paycheck for life, fixed index annuities can help provide the benefits of:

  • Principal protection from index volatility
  • Tax-deferred growth*
  • Diverse index-linked crediting options
  • Guaranteed lifetime income

Utilize our resources to help clients achieve their long-term retirement income goals.

View Resources

¹ Insured Retirement Industry, “State of the Insured Retirement Industry: 2019 Review and 2020 Outlook,” February 2020.

*Assumes contract is individually owned.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact Us

Archives

Annuity News
Life News
Long-Term Care News
Medicare News
Ancillary Health news
All News
“

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail

Great American | Best Interest Standard coming to multiple states

Great American | Best Interest Standard coming to multiple states

by | May 21, 2021 | Annuity, News | 0 comments

Great American | Best Interest Standard coming to multiple states
Comments

The following states recently adopted the new NAIC Best Interest Standard:

  • Delaware: Effective August 1, 2021
  • Idaho: Effective July 1, 2021
  • Michigan: Effective June 29, 2021
  • Ohio: Effective February 14, 2021
  • Nebraska: Effective April 6, 2021

Producers who completed a four-credit training course before the effective date must complete one of the following within six months of the effective date:

  • A new four-credit training course; or
  • A one-credit training that covers the new standards and requirements.

Producers who did not complete a four-credit training course before the effective date must do so prior to their first sale.

Please visit our Best Interest Resource Center for more information.

Updated CFDs

As part of the Best Interest Standard updated Client Financial Disclosures (CFDs) are available to help you capture all required client data, identify the annuity that best addresses the client’s unique needs and then document the basis for the recommendation.

We will continue to accept the previous versions through June 19, 2021. If a previous version is submitted after this date, paperwork will be considered Not In Good Order (NIGO) and could result in processing delays.

Please note:

  • All producers on the application must complete the Producer’s Statement(s) section of the CFDs.
  • There are separate CFD versions for contracts owned by an irrevocable trust.

The updated forms will be available on our electronic platforms prior to the NIGO date.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact Us

Archives

Annuity News
Life News
Long-Term Care News
Medicare News
Ancillary Health news
All News
“

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail

Global Atlantic | 2X income for a healthcare need

Global Atlantic | 2X income for a healthcare need

by | May 6, 2021 | Annuity, Global Atlantic, Long-Term Care, News | 0 comments

Global Atlantic | 2X income for a healthcare need
Comments

Would your clients like added protection in the event of a healthcare need? Take a look at the attached infographic to learn 5 reasons why the Income Enhancement Benefit1with Income 150+ SE fixed index annuity can help your clients get double guaranteed annual income for a healthcare need.2

Download the Infographic
1 Not available in California or to issue ages 75 and above. The rider is not long-term care insurance and is not intended to replace such coverage. Requires annual certification by a healthcare professional that two of six ADLs cannot be performed. Other restrictions apply.
2 The benefit is only available if your contract value is above the minimum allowed under the Income Enhancement Benefit. Once a benefit period ends, a new benefit period is no longer available.
For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact Us

Archives

Annuity News
Life News
Long-Term Care News
Medicare News
Ancillary Health news
All News
“

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail

Lifetime Income and Annuities

Lifetime Income and Annuities

by | Apr 14, 2021 | Blog | 0 comments

Lifetime Income and Annuities
j
Comments

One of the things that all individuals in this country will need to consider as they age is the consideration of guaranteed lifetime income and annuities in their overall retirement and financial plan. In considering this important topic I wanted to make a distinction among what the considerations should be when making this important life decision.

annuity, golden egg

When thinking about the concept of guaranteed lifetime income and annuities, there are some basic considerations that you must consider when considering, or offering a solution.

Lifetime income is a necessity

When considering you complete picture with respect to how healthy your retirement will be a necessity is to have in place some form of lifetime income, which in general will only be accomplished through an annuity. When considering these options, we need to make a distinction of what the best options are when considering these solutions.

Income Now

The option for maximizing income now is the use of a Single Premium Immediate Annuity. By taking a lump sum of money the insurance company will provide income for your life, a period certain and life period, or an installment refund or cash refund lifetime income.

Income later

In considering your guaranteed lifetime income needs, maybe you are a number of years away from needing the guaranteed lifetime income that you desire. This can be accomplished through the use of an annuity that has a lifetime income benefit rider. There a number of considerations that must be thought of when considering the right choice of lifetime income.

When considering the use of a lifetime income benefit rider there are a couple of nuances that the insurance company will offer, but not all benefits are created equal. You can see bonuses, “Roll-Ups” and enhancements to the payments. All of these are beneficial for certain circumstances. Some annuities will offer the highest guaranteed lifetime income for life, while others will offer guaranteed lifetime income that initially will not be the highest but will have the potential to increase with inflation. With the bonuses, “Roll-Ups” and enhancements the consideration that will fit the best is the one that fits the specific client’s unique circumstances.

When making a decision as to what option will fit best take into consideration the totality of the client situation, and with all of your annuity lifetime income needs, contact the specialists at Pinnacle Financial Services to get advice on the current rates and payouts that will fit your client needs the best.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact Us

Archives

Annuity News
Life News
Long-Term Care News
Medicare News
Ancillary Health news
All News

Seniro sales director | life, annuity, & LTC

“

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

CallEmail