Alternative Brokerage and US Annuity Partners are proud to be rolling out the industry’s First “Post DOL Fiduciary” Index Annuity designed specifically for Broker-Dealers and Banks.
“The SCA-7 is designed to compete as a true “buy and hold strategy” that will directly compete against Indexed & Market-Linked CDs” said Bob Phillips, President of Alternative Brokerage. Unlike the MLCD market, there will be NO phantom income taxation challenges.
“The annuity also comes with a 1% guaranteed return annually,” according to Phillips.
The SCA-7 can provide an alternative to bond portfolios and bonds in a rising interest rate environment.
“This product offers the upside potential with the ability to receive interest, based on the performance of a proprietary multi-asset J.P. Morgan index that was designed for clients to share in the index gains but not the losses,” Phillips added.
Some of the products highlights include:
7-year, Point-to-Point Index Term, tracking the J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series) with a Participation Rate, and a Spread Rate
A minimum guarantee of 1% per year
Up to $5,000,000 per contract may be permitted with prior home-office approval.
Issue through age 80
4% GDC on the first $2.5 million of premium per account
45-Day Rate Lock
Ability to follow month by month performance on a public site (Bloomberg)
Alternative Brokerage (AB) is a new wholesaling concept for broker-dealers, large producer groups, registered investment advisors, regional banks and career marketing organizations that wish to expand their product offerings to include fixed, indexed and alternative products.