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Annuity Alternative Comparative Chart
| Carrier |
Farmers and Traders
Life Insurance Company, Syracuse NY - Flagship Life
(SPUA Rider)
Life
I & Life
II
|
Security
Financial Life * |
Indianapolis
Life |
Monumental
Life |
| AM Best Rating |
A- (Excellent)
|
A- |
A |
A+ |
| Writing Agent Commission |
6.0%** |
5.0% |
5.0% |
5.0% |
| Guaranteed Interest Rate |
-
|
6.0% |
4.0% |
6.25% Yr 1
4.0% Yrs 2+ |
| Current Interest Rate |
-
|
6.0% |
7.0% |
6.25% Yr 1
5.25% Yrs 2+ |
| Underwriting Considerations |
Normal Table Ratings
|
Normal Table Ratings |
Normal Table Ratings |
Automatic Reinsurance Contract
Offers Standard Rates Up To Table 4 |
** Farmers and Traders Life Insurance Company agent's commission
on Flagship Life I is 55% and the SPUA rider is 2.5%. The
General Agent will pay 6% of the overall total commission
to the writing agent.
click here for F&T
forms
For "standard" underwriting risks, the Indianapolis
Life MEC product will offer greater initial death benefit
amounts. Indianapolis Life's MEC product offers the highest
current interest rate and death benefit per $1,000 of premium
among the three carriers along with current mortality charges
with normal underwriting and table ratings.
Monumental Life's MEC is recommended for those who have
a table rating up to table 4 as they can obtain a "standard"
offer. However, Monumental's death benefit has already been
reduced because of the automatic reinsurance contract program.
Call Mark Kluge
for marketing help in selecting the right carrier's MEC
product for your clients
• 1-800-589-1802 Ext. 24, Mark E. Kluge, CLU
Click
here for state availability for the products listed below.
Make sure you add a Single Premium Whole
Life policy to your product arsenal today! For more details
on using these policies see article
from Broker World, May 2002.
Downloads & Contract Info:
If you would like more information and to receive a "Starter
Kit", register
online today and you will receive an email immediately
on how to get started.
For inquiries regarding FARMERS and TRADERS Life Insurance
Company Syracuse NY
USBroker Farmer and Traders representative
Deborah Seymour
1-800-347-0960 ext 230 (EST)
fax: 1-315-471-3912
dseymour@theusbroker.com
Or for all other MECs
call (800) 589-1802 ext. 24 (Mark E. Kluge,
CLU) or ext. 28 (Norman A. Blaustein) for
marketing information.
Fax (585)244-7043 email
mkluge@theusbroker.com.
* Security Financial Life MEC is only available in the following
states: AK, AL, AR, AZ, CA, CO, FL, GA, HI, IA, ID, IL, IN,
KS, KY, LA, MI, MN, MO, MS, NC, ND, NE, NM, NV, OH, OK, OR,
PA, RI, SD, TN, TX, UT, VA, WA, WI, WV and WY.
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