I don't do a lot of annuities. Had a prospect ask me the other day what he could put his money in (old 401k) that was safe, but still had a chance to earn a decent return. He said he doesn't want to stay in the market much longer, feels he can't afford to lose any of what he has. A FIA annuity came to mind.
I think he has around $100k, and he is 49. He did say he is interested in retiring at 62 if possible, and would need income from this $ at that point. So a time horizon of 12-13yrs until he needs it.
Any suggestions? I know Am Eq won't issue their income rider until age 50.
I think he has around $100k, and he is 49. He did say he is interested in retiring at 62 if possible, and would need income from this $ at that point. So a time horizon of 12-13yrs until he needs it.
Any suggestions? I know Am Eq won't issue their income rider until age 50.
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