{ "media_type": "text", "post_content": "Guy comes in with a 457 plan, all his money in a 4% fixed account. Wants NO MARKET risk and this insurance company hopes he annuitizes for $2500/ month. What would you rec for this guy?", "post_id": "59c491a09653c126d005e901", "reply_count": 7, "vote_count": 3, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

Guy comes in with a 457 plan, all his money in a 4% fixed account. Wants NO MARKET risk and this insurance company hopes he annuitizes for $2500/ month. What would you rec for this guy?

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I have some of these on the books in old contracts that I took over paying 4.5%. Rumor is there used to be a few out there paying 5.0%. Untouchable.

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whole life pays 7.5% dividend and is greater than 4%...annuitize and buy $2500/ month premium whole life insurance for your commission grid.

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You can't beat it. I have lots of this and they are almost impossible to move. I just ask them when I have a rate that beats 4% will you agree to move it, if they say yes I copy their info to an excell sheet and add them to my newsletter.

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Probably gonna lose that one. Don’t buy whole life. Ever

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Yeah leave it alone and move on.

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Compliance isn't allowing you to shift that to anything, good luck

Whats with whole life paying 7.5 percent. I find it hard to believe, but I have one client who showed me his statement and this was true. But I still feel I am missing something?

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