7% Annual Point to Point!?!

That’s right.

Check out John’s Article to learn about the yearly profit window going on right now.

An annual point to point crediting on the S&P 500 with a 7% cap—with a one-year reset.  And, to top it off, it comes from a carrier that is known to NOT drop crediting caps during the lifetime of the contract.

Want to know more?

OK…How about a 10% commission?!?!?  That’s right. The regular commission is 8%, but there is a 2% bonus commission for anyone who places a case with us before December 31, 2019.

But wait…there’s more.

This amazing financial wonder also has Return Of Premium from DAY ONE of the contract!

It also has a crediting method with a 65% participation rate on a blend of international indexes that are all over 10 years old.  That is a great way to hedge against a crash in the US economy, should it ever happen.

Oh…and there is a Chronic Illness Rider as well (in most states). You MUST learn more about this one, and start telling clients about it. Give us a call to learn more.

Are YOU a Fiduciary?

People who ask the question have usually been influenced by a fee-charging adviser that puts clients’ money ‘under management’ and charges fees from the client to ‘manage’ the money.

Because these types of advisers were typically not doing any management, but still being paid to manage, clients were actually paying advisers to spend most of their time marketing to find new clients, which means they were putting their own financial interest ahead of their clients’ financial interest.  On top of this, many advisers raised fees in spite of the fact that they weren’t actually doing any more work for the clients.  This led to multiple class action law suits brought about by employees of companies that were fed up with too much of their retirement payroll deductions going to pay lazy advisers rather than going into their 401k accounts to grow for their retirement.  This led the Department of Labor to try to step in and change the definition of the word “fiduciary” had been legally bound to since legislative acts like the Employee Retirement Income Security Act of 1974 (ERISA), and the Investment Advisers Act of 1940.  The DOL did not succeed, and the definition has still not been changed.

So…here is the long answer:

You are a fiduciary if you offer financial guidance to clients and receive financial compensation for that advice.  This is the standard that has been in place for many decades, and you fall under that category if you recommend products like annuities, life insurance, Medicare plans, Long Term Care, etc.

The next time someone asks if you are a fiduciary, you can confidently say, “Yes. I am held to the same fiduciary standard to which all financial professionals are held, in that—I am required to put my clients’ financial interests ahead of my own, and ahead of any financial institutions I may represent or recommend.”  You might also guide them to the two legislative acts mentioned above if they want to know more.

I personally also mention that any person that told them to only deal with “fiduciaries” charges fees from their clients, so they have been punished by the Dept. Of Labor for acting AGAINST the fiduciary standard, and now have to take extra classes to make sure they stay honest.  I don’t have to, because I don’t charge clients fees.  However, all of us fiduciaries must be licensed by the state, and continually pass classes and examinations on ethics to maintain those licenses.  If you need more help give us a call.

~ Greg Skogsberg

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