What do VARIABLE ANNUITY Wholesalers make when FA

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bluetoon's picture
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Joined: 2009-03-29

What do VARIABLE ANNUITY Wholesalers make when a FA sells their company's variable annuity product. For example, if you sold a $500,000 annuity to MetLife with a 6% up front and 1% trail at year 4....how much does the wholesaler make on you bringing in the $500,000? I've always been curious about this.
 
 
thks

DeBolt's picture
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Joined: 2009-07-12

bluetoon wrote:What do VARIABLE ANNUITY Wholesalers make when a FA sells their company's variable annuity product. For example, if you sold a $500,000 annuity to MetLife with a 6% up front and 1% trail at year 4....how much does the wholesaler make on you bringing in the $500,000? I've always been curious about this.
 
 
thks Then you are one hell of a salesman

theironhorse's picture
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Joined: 2007-03-03

why do you say that?

noggin's picture
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Joined: 2004-11-30

bluetoon wrote:What do VARIABLE ANNUITY Wholesalers make when a FA sells their company's variable annuity product. For example, if you sold a $500,000 annuity to MetLife with a 6% up front and 1% trail at year 4....how much does the wholesaler make on you bringing in the $500,000? I've always been curious about this.
 
 
thks
 
Very easy answer. Eleventy kabillion dollars.

Spaceman Spiff's picture
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Joined: 2006-08-08

Why don't you call your wholesaler and ask?  While they seem to sometimes be vague about the way they get paid, I'm sure a direct question would get you the answer you're looking for. 
Congrats on a great ticket.  $30K gross upfront and then, if we assume no market growth, another $35K through year 10.  Not a bad way to make a living.

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