Now more than ever, Consumers need Fixed Annuities.
Why?
1. FIXED ANNUITY CONTRACTS ARE
A VIABLE ALTERNATIVE FOR A PORTION OF CONSUMERS SAVINGS. Clients
troubled by the unprecedented Banking Industry Meltdown? The issuers of
annuity contracts are required to invest premiums conservatively so
that they can endure economic changes or sudden and numerous claims for
benefits. Taken as a whole, the insurance industry has $5 trillion in
assets and more than $81 billion in surplus
.
2. STATE LAW MANDATES FIXED
ANNUITY CONTRACTS HAVE AN UNDERLYING GUARANTEE. While
some states do not allow the promotion of the Guaranty Fund, it is
important for all insurance sales people to be aware that a financial
safety net exists on a governmental level for consumers in fixed
annuity contracts. Much like the FDIC guarantee, there is a cap on
coverage. This varies by state. Call
SYNERGY for details.
3. VARIABLE ANNUITIES &
VARIABLE LIFE CONTRACTS DO NOT HAVE THE SAME LEVEL OF GUARANTEES.
As with any security, the consumer bears the responsibility for loss.
We submit that it would be close to impossible for the average consumer
to know if they have indirect exposure to the mortgage backed
derivatives through their mutual fund, bond fund or variable annuity.
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