History Provides Tons of Annuity Sales Leads - July 20, 2008 -

Annuities have been with us for a very long time. Actually they date to the revolutionary times when Benjamin Franklin used annuities to help the Cities of Philadelphia and Boston provide funds for their citizenry. The last of these annuities lasted until 1991 when the City of Boston finally cashed it in.

Benjamin Franklin did not invent annuities although he was a great supporter of their benefits. Actually one of the first users of annuities was the Presbyterian Church. The Presbyterian Church used annuities to provide for old age ministers and their families way back in 1720. They expanded their use for widows and orphans and became a backbone of financial security for people of that time.

You might say that annuities are as old as our country and are a major part of the economic growth of America. It is true!

It was not until the tax Reform Act of 1913 that annuities were actually included in our tax code. All the years prior to then annuities were just part of the growing up of America. In 1913 tax rules and regulations of annuities were adopted. It was decided that annuities were so important to the continued growth of the American Economy that tax advantages were granted and are in place to this day.

Babe Ruth used annuities to avoid the risk of the stock market and thus was not hurt by the stock market crash of 1929. The Babe used annuities to provide a lifetime income for his wife and also for himself prior to his death.

I use this history to help my prospects feel comfortable about their decision to buy an annuity. I always say this..

Annuities are the most boring products in the universe, safe secure and boring. Their answer is always, that is what I want boring. They do want boring because there is no risk involved with annuities; they are safe, secure and insured.

How are they insured and who actually guarantees them? I cant think of a more regulated industry than the insurance industry, maybe atomic energy or some weird thing like that. As far as our industry is concerned, it is heavily regulated. If you do business as an insurance company in any state the safety of the insurance companys products are guaranteed by three levels.

The safety and solvency of the insurance company and it is monitored by the insurance commissioners department. Solvency is a must to continue business and it is the responsibility of each state to monitor the insurance company

Every insurance company in each state guarantees each others solvency. Sort of a weaving of joint assets.

The state guarantee fund in each state guarantees each annuity and life insurance policy. This fund is monitored and managed by the department of insurance. Many states have different levels of guarantees so it is smart to know what your state does guarantee.

I love to tell my annuity sales leads all about annuities and their long and splendid history so enter twinned with the history of America. Some points to remember:

Annuities were not affected by the stock market crash of 1929 or any other year.

Each annuity is guaranteed never to lose money.

In modern history (1913) no one has ever lost a penny in an annuity because of insurance company insolvency

Franklin, Ruth..annuities are boring, just the way we like them

Sell our legacy and share the wonderful story of annuities with your clients.

Bill Broich is a 30 year annuity salesman who helps agents ramp up their annuity sales leads efforts. Visit his website to learn more. Annuity.com

Annuity Sales - Fast, Easy Ways To Get the Cash You Need Now Without a Hassle
Annuity sales are a great way to get immediate cash out of your debt instruments. Monthly payments might work for some of us, but others need real money to meet their financial needs. While you can always take out a bank loan, selling your notes is faster, more convenient, and involves less paperwork. Bank loans can take several weeks because of ba...

How Do Annuities Work?
Annuities are one of the most popular investment vehicles being used today to save a significant amount, to save while reducing your taxes or to ensure that you receive a steady flow of income. They are the ideal saving instruments of the twenty-first century.When you buy an annuity, you end up signing a contract with an insurance company based on ...

Great Benefit for Annuity Owners - Nursing Home Waiver
Almost all newer annuity contracts have a provision in them to allow access to all or most of your funds in the event of a need for a nursing home. The greatest fear of most senior adults is being confined to a nursing home and not being able to live in dignity. Annuity products have a rider that allows for access to your funds to finance this need...

Understanding Immediate Annuities and How They Work
An annuity is a written contract between you and a life insurance company in which the insurance company makes a series of regularly spaced payments to you in return for a premium or premiums you have paid. An annuity helps you accumulate money for future income needs but it is not a short term account. It should only be used for funds that need to...

Term Life Insurance - And What Does "Annuitant" Mean?
In the insurance parlance, Annuitant is defined as a person who benefits from a pension or annuity. It can also be said to be a contract with an insurance company which is designed to give payments to the holder of the policy at specified intervals. The insurance payments are usually made after retirement.There are two types of annuities - fixed an...

How Annuities Are Beneficial
Annuity is a type of contract between an individual and the insurance company to look after an individuals savings and his investment. It manages ones pension saving in such a way that once a person retires, there is ample amount of incoming income .It is also known as a pension plan as one of its useful features is to generate money in post retire...

Cheap Life Insurance Leads
Life insurance is considered to be a ripe market. The need never dies out as young members of the population join the workforce or start earning enough to invest in more life insurance. However, with the increase in people to be covered by life insurance, the number of companies offering life insurance plans suited to the needs of the people have a...