Made da sale!
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[quote=joedabrkr]
Yes there has been some negative coverage, but
not for their VA’s…for their EIA’s. This only reinforces my
negative outlook on the product.
[/quote]
And if John Edwards is president, get ready for a storm of lawsuits about the suitablity of EIA’s.
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EIA’s are only bad when marketed inappropriately.
I work for a wire and also happen to cover 5 bank branches. I have sold EIA’s. The only time I ever sell them is if the client is stuck on buying a fixed annuity. The EIA that I have used is through Jefferson Pilot/Lincoln National (very reputable insurance company) and has surrender periods of 6 or 8 years. They also provide a guaranteed fixed rate, which is competitive with other fixed annuity rates.
If someone is absolutely dead set on buying a fixed annuity there is absolutely nothing wrong with this product. Period.
Frankly, I dislike all fixed annuity products, but if a prospects demands them it is my job to find the best.
[quote=AllREIT] [quote=joedabrkr]
Yes there has been some negative coverage, but not for their VA's...for their EIA's. This only reinforces my negative outlook on the product.
[/quote]
And if John Edwards is president, get ready for a storm of lawsuits about the suitablity of EIA's.
[/quote]
I heard about an abortion that survived...I didn't know that it was you.