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December 18, 2020 @ 10:00 AM - 11:00 AM
Non-bonus index annuities typically feature higher rates for greater long-term accumulation potential. On the other hand, bonus index annuities give buyers an early boost on accumulation values.
Are there advantages to choosing a bonus over a non-bonus product? For some clients…YES!
Circumstances that may support a bonus index annuity:
Shorter-term, penalty-free access for wealth transfer, annuitization, or income rider withdrawals
10% penalty-free withdrawals may be higher in early years (bridge to Social Security benefits)
Recovery from underperforming product
Low index performance
Low interest rates