$2.5 Trillion “CD Maturity Tsunami”
Right now is the time to look at fixed annuities (MYGAs) for your clients and prospects!
MarketWatch/Dow Jones data shows that $2.5 trillion of CD Money will come due in the next 12 months. Those who have CDs maturing are running into a dilemma- new rates are lower than what their current CD is paying. You can read the full article HERE
As of 10/30/2024, the highest non-callable CD rate is 4.68% for 3 months. 12 month drops to 4.208% and 24 month is only 4.05%. Compare that to annuity offerings, and there are several A rated carriers have 24 month to 7 year MYGA rates above 5.00%.
A MYGA is the perfect CD alternative to lock in higher rates for those who don't need access to a lump sum for 2-7 years. MYGAs offer safety, guaranteed rates, and variety of term lengths just like CDs. They also offer additional attractive features; higher rates, liquidity during the term, and tax-deferred growth on non-qualified money.
Spotlight Client Solution*
5.70% Rate Guaranteed for 7 years
Ibexis' MYGA Plus 7 is the strongest solution for clients who are RMD age or want to withdraw interest annually.
0.50% higher rate than the next A rated carrier.
$3,500 extra interest withdrawn while maintaining principal on a $100k deposit.
Notable Client Solutions**
Turn $100K into $10K of Income
F&G's Safe Income Advantage tops the charts for guaranteed income. A 60 year old can deposit $100k and receive $10,434 of annual income starting at age 65.
6.54% IRR at age 90
$260,000 total income at age 90
A rated Company
“Refinance” Underperforming Annuities
Ibexis' 5 year bonus FIA is an excellent option for cash growth annuities that are underperforming or sold in a low interest rate environment.
8.00% Cash Bonus
6.25% S&P annual cap
5 year surrender schedule
*Rates may be subject to premium banding. Products may not be available in all states.
**Replacement must be suitable and meet all requirements.