Timothy Sumer

5 Fixed Annuity Features That Will Be Popular In 2023... 1. Accumulation Guarantees Currently: - 3 & 4 Year annuities between 4.90% and 5.00% - 5 & 6 Year annuities between 5.00% and 5.40% - 7 Year annuities between 5.10% and 5.50% - 8-10 Year annuities not as attractive as shorter terms 2. Guaranteed Income Options What is hot: - Interest Only Withdrawals (accumulation values & DB remain steady) - Free withdrawal provision (built in even at higher rates, 5% - 15%) - Immediate Annuities (Single or Joint Lives, period certain for laddering) - Split Annuities (advantage to non-qualified funds and the knowledge of exclusion ratio) 3. Carrier ratings, history and longevity What I feel should be looked at beyond ratings: -Ratings are just a stating point (Be aware of how long a carrier has had a rating) - Check multiple ratings agencies (AM Best, Weiss, S&P, + Comdex) - Total carrier admitted assets (under $1 billion or $10’s of billions) - History (Has the ca