Sagicor Sage Advantage?Fixed Indexed Annuity Review
We have been asked about the Sagicor Sage Advantage Fixed Indexed Single Premium Deferred Annuity at great length for the past few months. Our goal in this review is to give you (the insurance agent) the basic features of how this product works and how it can benefit you in your business.
How Does The Sagicor Sage Advantage Product Work?
The Sagicor Sage Advantage is a 9-year decreasing surrender schedule beginning at 8%. It has a 5 percent upfront fully vested bonus and has a 2% overall contractual guarantee on 100 percent of the premium?and the bonus. This product also has a unique liquidity feature allowing the 10% annual free withdraws to accumulate to 50% if unused.
The power in this product is simply the guaranteed growth potential that will give 4-5 times the return investment when compared against a normal CD. The immediate guaranteed?5% Bonus allows for a larger growth potential, tax deferrals, plus?3 interest crediting options with a $2,000 minimum. [Read more…]