A New Gold Star Carrier

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We are excited to announce that Athene has been added to our list of Gold Star Carriers, because their renewal history has proven to be very good over the past several years.  In fact, their Performance Elite index annuities have shown that renewal rates have been at—or above—the same rates at policy issue since 2015.

We have a marketing piece from Athene that explains their approach to maintaining high renewal rates.  Just give us a call or email and we’ll send you a copy.

This brings our list of Gold Star Carriers to six in total; American Equity, American General, Athene, Equitrust, Global Atlantic, and Guggenheim.  Take a look at page 6 in our Feb. newsletter for a listing of the top 15 crediting methods from these carriers.

Turn Lifetime Income from IRA to Roth!

This is the coolest thing I have seen in a long time.  You can apply a tax credit to an index annuity IRA cash value, and take the lifetime income payments from the annuity tax-free!  You basically are turning the cash value of the annuity into a Roth IRA, and then all of the income payments coming out will be tax-free—even though the income payments will be MUCH greater than the cash value.  You can even do this with lifetime income that has already been started!

But, where do we get the tax credit?  I’m glad you asked…

We create the tax credit through the investment in an additional income stream using the Charitable Gift Return strategy created by Legacy Tree Foundation.  Here’s how it works…

1. I have an IRA in an index annuity with lifetime income rider

2. I donate a lump-sum through Legacy Tree Foundation

a. This creates an income stream back to me and/or my heirs for the entire donation PLUS a profit.

b. This also creates a tax-credit -- for loaning my lump-sum to a charity -- that I can apply to my index annuity IRA with the income rider.

3. Once the tax-credit is applied to the IRA annuity, it becomes a Roth account -- so ALL lifetime income payments from this account are 100% tax free from that point on.

It is really not as complex as it may seem initially. And, it is a GREAT way to help those clients who have IRA funds in index annuities with lifetime income riders.  Give us a call and we can walk you through the simple steps.

New Lifetime Income Plan!

We have a new software system that can design a new lifetime income plan using a 5 year immediate annuity, 5 year deferred income annuity, and an index annuity with a lifetime income rider.  IT PAYS HIGHER THAN ANY LIFETIME INCOME RIDER FROM ANY CARRIER!  That’s right.  You now can offer a plan to clients that will outperform any income stream they could possibly get from any guaranteed lifetime income rider.

Give us a call and we will show you how easy it is to create and to explain to clients.  You are going to LOVE THIS.

~ Greg Skogsberg



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