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New Fixed and Index Annuity Rates are on the Rise!

Published on September 21, 2022

 

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Rates current as of September 20, 2022.

Seek complete details and the suitability of any product from a qualified license insurance professional. Verify with your MGA all interest rates, state approvals and commissions prior to contracting. Changes may occur without notice.

 

INSIGHTS FROM THE ANNUITY DEPARTMENT

 

2022 has proven to be a challenging year for traditional asset classes, with Equities and Fixed Income both down YTD. Concurrently, pricing on annuity solutions has improved significantly in 2022, leading to increased consumer interest and sales.

This is a great time to discuss annuity strategies with your clients and conduct annuity reviews of existing holdings. Please reach out to us for the most updated 3Q Annuity Industry Trends and Sales Ideas.

 

TOP FIXED ANNUITY RATES

(CA Application State, Client Age 65, $100,000+ NQ Premium)

 

Top 3-Year Rates

Carrier Name

North American Life

Athene IA

American National

Product

Guarantee Plus 3 MVA

Athene MaxRate 3

Palladium MYG 3

GTD Yield Surrender

4.05%

3.90%

3.90%

 

Top 5-Year Rates

Carrier Name

Athene IA

North American Life

Mutual of Omaha

Product

Athene MaxRate 5

NAC Guarantee Plus 5

Ultra Premier 5

GTD Yield Surrender

4.25%

4.25%

4.15%

 

TOP FIXED INDEX ANNUITY

POINT TO POINT CAP RATES

(CA Application State, Client Age 65, $100,000+ NQ Premium)

 

Top Cap Rates

5-Year Surrender Charge Schedule

Carrier Name

Lincoln Financial Group

Global Atlantic

Integrity Life

Product

Opti-Blend 5

Choice Accumulation II 5

Indextra 5

Annual Cap Rate

8.75%

8.75%

7.25%

 

Top Cap Rates

7-Year Surrender Charge Schedule

Carrier Name

Global Atlantic

American General

Athene

Product

Choice Accumulation II 7

Power 7 Protector

Performance Elite 7

Annual Cap Rate

9.00%

8.85%

8.75%

 

THANK YOU

 

For more information or rate requests,

please contact Mike Geringer at (818) 854-3009.

You may also visit our website to access Annuity Rate Watch

for comprehensive real-time annuity pricing.

For agent use only - not for use with the general public.

Corporate License No. 0D87913

21820 Burbank Blvd., Suite 301

Woodland Hills, CA 91367

Phone: (818) 854-3009

Guarantees are backed by the financial strength and claims-paying ability of issuing company. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of premium and credited interest, and the reassurance of a death benefit for beneficiaries.

-Not FDIC insured -May lose value -No bank or credit union guarantee -Not a deposit -Not insured by any federal government agency or NCLIA/NCUSIF

GBS Insurance and Financial Services, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

This content is for informational and educational purposes only and is not designed, or intended, to be applicable to any financial professional or client's individual circumstances. The third-party tools and information included in this communication have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by GBS Insurance and Financial Services, Inc. Third party vendors are not affiliated with GBS Insurance and Financial Services, Inc. Each Financial professional should carefully consider and research the merits of any third-party materials that are provided to their clients. 

© 2022 Arthur J. Gallagher & Co. 

 

MORE ADVISORS BLOG

 

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