Annuity Rate Watch: Quote MYGA, SPIA & More
Get access to the Annuity Rate Watch portal here.
Grow your business with annuity sales!
Great rates, straightforward products, easy sales: if you’re not selling annuities, you’re missing out.
Great rates. Interest rates are still high in early 2024, as you can see in the top MYGA rates showcased above. Despite expected rate cuts later this year, Sheryl Moore of Moore Market Intelligence predicts record-breaking annuity sales to continue.
Straightforward products. MYGAs are easy to understand and easy to sell. Your client puts in cash they don’t need at the moment and earn as much as 6% interest for terms ranging from 2-10 years. Rates beat CDs and savings accounts, with longer terms that generate bigger returns.
Easy sales. If you can ask a question, you can sell an annuity. “Where are your savings? Are you getting at least 5.5% there?” All it takes is a hint of FOMO (fear of missing out) to pique your client’s interest. Ask the question during client meetings. Email your clients current rates. Post those rates on a monitor in your office. Whether you market passively or actively, the rates speak for themselves. All you have to do is let clients know there’s an option out there for safe, secure returns.
How to Use Annuity Rate Watch
1. Register for a free account. Click here to request access.
2. Quote MYGA, fixed annuities, fixed index annuities, SPIA, and more. Search for products by name or company if you already have one in mind. You can also quote MYGA renewals, annuity replacements, and riders.
3. See industry news, historic rates, upcoming rate changes.
Important Required Annuity Training
NAIC States require that agents complete Annuity Suitability Continuing Education, AML, and product specific training BEFORE an annuity application is dated.
Complete Yours Today!Need help with quotes, illustrations, or selecting the right product?
Our Brokerage Managers - Dave, Joshua, and David - can help. They have incredible depth and breadth in terms of product knowledge. Call 800-823-4852 and ask for a brokerage manager, or click the button below to email us!
