Annuities Are Not ___________

because they ___________

Bobby,

What has happened to the annuity policyholders in the past when the company has gone out of business?

Annuities are very profitable for everyone except the client.

AllREIT, Are you having fun or you just really this unknowledgeable?

[quote=FreeLunch]

Annuities Are Not ___________

because they ___________

[/quote]

FL, what are you getting at here?

[quote=anonymous]

Bobby,

What has happened to the annuity policyholders in the past when the company has gone out of business?

Annuities are very profitable for everyone except the client.

AllREIT, Are you having fun or you just really this unknowledgeable?

[/quote]

Another company comes in and backs the guarantees.

[quote=FreeLunch]

Annuities Are Not ___________

because they ___________

[/quote]

Careful, son. Per your PM to me, I haven't treated you poorly.

i’m just trying to turn this into the longest running never-ending debate with no resolution topic post in the history of this forum

[quote=FreeLunch]i'm just trying to turn this into the longest running never-ending debate with no resolution topic post in the history of this forum[/quote]

I literally started a sh*tshow I guess...wow congrats to me

I am jealous.

This has been unbelievable.  Here I'll keep it going.

Annuities Suck for everybody

[quote=FreeLunch]

I am jealous.

This has been unbelievable.  Here I'll keep it going.

Annuities Suck for everybody

[/quote]

Thanks for adding to the conversation. 

[quote=Bobby Hull][quote=pretzelhead][quote=Bobby Hull]

Cha-Ching. No wonder the merrill girls hate annuities. They don't get paid on them and we do! Selling VA's to merrill clients is a piece of cake.

[/quote]

So what Bobby has just said is that he sells the client what makes him the most money.  Yeah, it does sound alot like the LP's of the 80's.  "If something sounds too good to be true it probably is".  Advisors like Bobby Hull make the discount brokers look really good to the consumer.  What % of your book is in VA's???  

This could've been pretty bad:  75 year old lady had a broker who somehow got half of her investable assets, about $300k, in a Mexican Telecom stock.  She came to a guy in our office who quickly got her out of it and basically saved her from losing half of her investments.  Could have been absolutely tragic.

Any other bad stories?

[quote=BullBroker][quote=Bobby Hull][quote=pretzelhead][quote=Bobby Hull]

Cha-Ching. No wonder the merrill girls hate annuities. They don't get paid on them and we do! Selling VA's to merrill clients is a piece of cake.

[/quote]

So what Bobby has just said is that he sells the client what makes him the most money.  Yeah, it does sound alot like the LP's of the 80's.  "If something sounds too good to be true it probably is".  Advisors like Bobby Hull make the discount brokers look really good to the consumer.  What % of your book is in VA's???  

[/quote]

Bobby, if he does the business ethically like he says, could sell 100% of his clients an annuity.  If he only sells annuities, why would there be other investments in his book.  If you're a stockbroker, your clients will only have stocks.  The clients will go to another guy for their other needs.  When you SPECIALIZE like that, you generally won't have 100% of the client's assets. 

[quote=BullBroker][quote=Bobby Hull][quote=pretzelhead][quote=Bobby Hull]

Cha-Ching. No wonder the merrill girls hate annuities. They don't get paid on them and we do! Selling VA's to merrill clients is a piece of cake.

[/quote]

So what Bobby has just said is that he sells the client what makes him the most money.  Yeah, it does sound alot like the LP's of the 80's.  "If something sounds too good to be true it probably is".  Advisors like Bobby Hull make the discount brokers look really good to the consumer.  What % of your book is in VA's???  

[/quote]

About 85%. The rest is in EIA's and DPP's. Why?

What company do you use?  Do you put them in the Daily step-up, or annual step-up VA’s??  Are you with a company that will pull money out of the market and into cash-equivalents if the market turns down??  Do your clients know how much fees they are paying??

[quote=BullBroker]What company do you use?  Do you put them in the Daily step-up, or annual step-up VA's??  Are you with a company that will pull money out of the market and into cash-equivalents if the market turns down??  Do your clients know how much fees they are paying??[/quote]

Oh, shut up.

Haven’t heard of them.  What is their rating?  Are they appropriately leveraged?  What is their step-up guarantee? 

[quote=wallstreeter]

This could’ve been pretty bad:  75 year old lady had a broker who somehow got half of her investable assets, about $300k, in a Mexican Telecom stock.  She came to a guy in our office who quickly got her out of it and basically saved her from losing half of her investments.  Could have been absolutely tragic.

Any other bad stories?

[quote=joedabrkr] [quote=wallstreeter]

This could've been pretty bad:  75 year old lady had a broker who somehow got half of her investable assets, about $300k, in a Mexican Telecom stock.  She came to a guy in our office who quickly got her out of it and basically saved her from losing half of her investments.  Could have been absolutely tragic.

Any other bad stories?

[/quote]

Maybe she originally put 5-10% in the stock and had made significant profits, and was so ecstatic she refused to sell because "the stock was going up". 

Oh no....clients never do that.
[/quote]

If I remember correctly, it was a cheap stock and there were no gains...in fact there were losses she had to take.  But I am well aware, as I know you are too, of choices clients make sometimes if left up to them.  That being said, I wouldn't post that here if it was the client's fault she ended up like that.

[quote=FreeLunch]

Annuities Are Not easy to sell

because they are too complicated for me to explain in terms that my clients can understand.

[quote=skippy][quote=FreeLunch]

Annuities Are Not easy to sell

because they are too complicated for me to explain in terms that my clients can understand.

[/quote] [/quote]

I'm imagining skippy reading his answers aloud a la Richard Dawson....

"SURVEY SAYS..........NUMBER ONE ANSWER!!!!!"

Good stuff, my man.