Here are the details on three recently released technologies that you might want to consider in your work with clients.
Annuity Intelligence Report’s search and sorting tool for variable annuity benefit from Advanced Sales & Marketing Corporation.
This new “benefit selector” feature allows users to filter VA riders based on key criteria.
Registered reps can find a product solution from among hundreds of active riders in the system. The tool allows users to save time, eliminate clutter, and efficiently drill down to find the benefits that fit a client’s needs.
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For example, enter a client’s age, and the benefit selector will give the guaranteed withdrawal percentages for hundreds of living benefits, sorted from highest to lowest.
Overall, this tool alleviates the biggest problem with living benefits, which is understanding and tracking the numerous product details like step-up provisions, withdrawal rates, age bands, spousal continuation features, etc.
Lifetime Income Analysis Tool from Putnam Investments