Selling annuities is exciting and thrilling while helping clients towards financial and retirement goals.
Whether you’re selling annuities online or in person, both you and your client can benefit from this transaction. When your clients purchase an annuity, they can reap the following benefits:
On the other hand, when you sell an annuity successfully to a customer, you get to earn upfront commissions paid by annuity carriers. They pay agents a small portion of the total money put into an annuity account. It’s possible for you to qualify for higher commissions when the deposit to the annuity account is large.
Certain types of annuities pay more than others. Fixed annuities, for instance, have lower commissions compared to indexed or variable annuities.
Annuities are one of the higher ticket "items" of insurance and make a boom of revenue in your bank account. Finding the right Insurance Field Marketing Organization (FMO) will start you on the right path for selling annuities.
Help families secure their future and retirement while solidifying your insurance career by eliminating risk and worry for your clients.Set your bank account on fire with annuity sales. Engage in seamless contracting and commission schedules delivered straight to you.
Annuities are seen as an excellent retirement savings opportunity because with so many products on the market, a client can identify the most appropriate company and annuity offering for his or her needs.
Immediate annuities occur when a client makes a lump-sum deposit to generate an immediate stream of income. The payout phase is very quick and normally right away, so immediate annuities fit a client who is either already retired or approaching retirement.
Fixed annuities are started by either making a lump sum deposit or paying in over a period of time to receive a guaranteed rate of return. Fixed annuities are well-suited to clients who want to save on management fees and contract expenses while earning tax-deferred interest with very little market risk.
The benefits of selecting a fixed annuity are:
Variable annuities require a little bit extra caution and are normally not an appropriate fit for seniors as a result. Payout on variable annuities depends on the type of investment chosen as opposed to the guaranteed payout of a fixed annuity.
The simple answer is Yes. But keeping reading for the long version of why.
Partnering with a seasoned Annuity Insurance Field Marketing Organization positions you to be able to close sales effectively and efficiently. You serve two very important roles for your client. Educating the client on the benefits of annuities in general and guiding them to the RIGHT selection that MEETS their goals.
Annuities are part of a broad retirement or income plan for your clients and they NEED you to guide them along the way. People who are not familiar with annuities may want to work with an insurance agent, preferably one who is receiving support from one of the reputable annuity marketing organizations out there. Agents who get the necessary training and guidance from these organizations are likely to be skilled and knowledgeable in selling annuities.
Setting your client up for success and security will build a strong base of testimonials and referrals.
Pro Tip: If you are currently selling other products, like life insurance, meeting the client's needs requires long-term planning for retirement and income such as annuity products!
Selling fixed annuities, along with other types of annuity products, is not a walk in the park. Insurance agents need compassion, patience, and skills to be successful in their job.
Fortunately, TR King Insurance Marketing is here to help insurance agents sell annuity products successfully and get them to the path of achieving growth. When you come to us for guidance or support, we’ll provide you with the following:
Reliable Customer Service
If you have any questions with selling annuities or need client assistance or mentoring, you can get in touch with us through any of the following customer service channels:
You can rest easy knowing that you will be speaking with a live person when you reach out to us for help. Think of us as your trusted partner (or better yet, your friend) who only wants to see you succeed as an insurance agent.
You get to form contracts directly with insurance carriers. We give you the option to retain your freedom as an independent insurance agent. Plus, the carrier is the one who’ll pay your compensation.
If you’re an independent insurance agent, you get to enjoy exclusive discounts on tools, software, technology, and other resources that will help you achieve success in selling annuities.
Online ContractingCut down the amount of physical paperwork you handle every day with our online insurance contracting solution. When making insurance contracts, you can use SuranceBay software to prepare contracting paperwork efficiently and effectively.
Call to start selling annuity products today. Feel great while watching your bank account climb and securing your client's future.