SilverSide Insurance Marketing is always on the lookout for current trends that agents need to stay on top of. A topic we are seeing out there frequently has to do with annuities. They aren?t always easy to write and we know that, which is why we?re giving you 3 of our top items to outline when presenting an annuity!
Legal Reserve Requirements
When it comes to annuities, policy owners are often concerned with the security of their money. ?How can you guarantee that my money is safe?? Well, life companies that comply with the legal reserve requirements established by the state insurance laws are known as Legal Reserve Life Insurance Companies.
Legal Reserve companies had their strongest showing during the Great Depression of 1929-38 when some 9,000 banks suspended operations while 99% of all life insurance in force continued unaffected. [Read more…]