Chief123, 90% of the fixed annuity sales were from cold calling strangers. The other 10% were sales to my existing book.

That has to be some nice production. do you find the 5 yr rates are better than what they can get at the banks

Squash, I work in a Credit Union.  Our 5 year CD pays a sliver more than the 5 year MYGA contracts but these people are willing to take a slightly smaller yield for the flexibility of free 10% withdrawals of contract value.

I actually have some rates that are going up…American General next week… Cds in my area are around 2% vs 3.5 for fixed annuity… Not a bad time to call and pick up so easy money.