In today’s rapidly evolving financial landscape, several factors have emerged that shape the dynamics of the industry. As individuals increasingly seek secure and stable income streams to safeguard their financial futures, annuity products have gained prominence as an attractive option.
Simultaneously, industry players are embracing cutting-edge sales innovation techniques to engage customers effectively and adapt to changing market demands. Amidst these developments, financial advisors find themselves at a critical juncture, facing unprecedented opportunities to provide personalized solutions and guide clients toward optimal financial planning.
IAMS Executive VP Chris Conroy recently sat down with InsuranceNewsNet President/Publisher Paul Feldman to discuss these topics and more. During the interview, Conroy was asked for his predictions on the future of our industry.
“I think we’ll continue to see better solutions and innovations, companies offering interesting new rider benefits, and growing interest in shorter-term (10-year or less) products,” said Conroy of what he believes is coming on the horizon.
Watch the full interview below:
One of the industry innovations discussed during the interview was the American Fusion “MYGIA,” a proprietary new product that offers clients greater potential than a traditional MYGA with a guaranteed rate they can rely on.
Fusion by the numbers:
- 4% guaranteed rate for 5 years, PLUS the opportunity to receive a 14% Bonus Interest Credit (if S&P 500 Index growth equals 25% at the end of the 5-year period)
- 4% for 5 years with a potential 6.76% effective yield when the account value bonus is applied based on the performance of the S&P 500 at the end of the 5-year period.
More product highlights:
- Simple 5-year chassis
- 28-50% higher commission than today’s average MYGA
- Issues through age 90
- New “MYGIA” design includes a guaranteed rate and the upside potential of a 14% account bonus!
- NO renewal rates to worry about
IAMS’ partner agents are being offered exclusive access to American Fusion. Click below to learn more.
