What are Equity Index Annuities?

This annuity is not a security, as you might suspect, but it is classified as a single-premium traditional annuity. It is an annuity because it meets the strict insurance department requirements for interest guarantees and guarantees against loss of principal, and it provides traditional annuity benefits.

No-Loss Provision
The first and possibly most-attractive provision of equity index annuities is the no-loss provision. This means that once a premium payment has been made or interest has been credited to the account, the account value will never decrease below that amount. This provides safety against the volatility of the S&P 500.

Interest Guarantees
The next benefit that appeals to many people is interest guarantees. Most policies have a cap (the maximum interest rate that can be credited to a policy in a policy year) and a floor (the minimum interest rate that can be credited in a policy year). The cap rate can vary from no cap to a fixed percentage, but the floor is generally zero. This allows the policyholder to benefit from potentially high returns and be guaranteed at the same time that no money will be lost.

Competitive Rates of Return
With concerns over inflation and making sure that investments will meet our future needs, many people have turned to the equity market for higher returns. It makes sense when you consider how well the S&P 500 index has performed historically.

Traditional Annuity Benefits
Equity index annuities offer the same benefits as traditional annuities. Notable among these are tax-deferred growth and early withdrawal of funds without penalty. This early withdrawal is usually conditioned upon the annuitant’s death or admittance to a nursing home.

Note that most annuities have surrender charges which are assessed in the early years of the contract if the owner surrenders it before the company has had the opportunity to recover its costs. The earnings portion of withdrawals are taxable as ordinary income and, if made prior to age 59 ½ are subject to a 10 percent penalty.

Equity index annuities typically offer other benefits that are not generally included in traditional policies: a 100 percent money-back guarantee, no front-end sales charges, and no annual management fees or administrative fees. However, equity index annuities can contain mortality and expense charges, cost-of-insurance charges, and administrative fees. Equity index annuity values fluctuate with changes in market conditions.

Overall, equity index annuities are single-premium annuities that are performance-linked to the S&P 500 stock index. They guarantee security of principal and credited interest, and many don’t have a cap on earnings. When you consider the performance of the S&P 500, these annuities look even better.

Guarantees are provided by the issuing insurance company. The Standard & Poor’s Composite Index of 500 stocks is generally considered representative of the U.S. stock market. The performance of any index is not indicative of the performance of any particular investment. Individuals cannot invest directly in any index. Past performance is no guarantee of future results.

Why is Mortgage Protection Insurance so Important?

Imagine the worst case scenario. A fatal accident today would force your loved ones to immediately experience financial hardship. On top of your final expenses, the mortgage is due, but your family has no way to pay it without your income. They haven't even had enough time to grieve and now they have to deal with the impending tragedy of foreclosure.
Like most life insurance, mortgage protection insurance eases the financial burden of your loved ones. It is an affordable way of ensuring that your home is paid for no matter the circumstances. Cancer, stroke, heart attack, injury, death… your family will never be in jeopardy of losing its home as long as you put a custom mortgage protection insurance plan in place.
If you’re a homeowner, you can obtain a free mortgage protection insurance quote by filling out the form to your right. Our team of highly skilled mortgage protection specialists will work with you to develop a plan that fits your budget and coverage needs. Click here for a quote

Here is how powerful our leads are: (This is an email from one of our agents)
I got a lead that was for a $15,000 mortgage for a 68- and 69-year-old couple. I got to their house and presented a $20,000 Strong Foundation for the husband and wife. It ended up being about $110 a month and that worked for them.

I then mentioned the Headstart program. It turned out that they had a grandson who passed away recently at the age of 14 so they understood the need for the coverage and liked the cash value aspect of it. At first it started out for just two grandchildren. About five minutes later I was writing Passport for 6 grandchildren and 1 great-grandchild. I had to reschedule my last appointment because I had so many apps to fill out!

That night I finished with 9 apps for about $3700 AP.

I went back the following morning to get all the illustrations signed, and the wife told me that she has another house that she pays for but her son lives in. She wanted to could cover that too… That morning I walked out with 7 signed illustrations and an additional $1,200 in production. I ended up with 11 policies from 1 lead that most agents wouldn’t have called because it was a small mortgage on "old" people.

Never judge a lead because of age or mortgage amount. You might be blowing off $3,000 in commission.

Are you looking for a way to make some extra money on the side? You will quickly find that Mortgage Protection is the easiest, and highest paying, very part time job available. The great thing our agents have realized is that you can make 80% of your income working half the hours. Never again do you have to worry about beating up dead leads, or hounding the thinkers. Spend your time seeing people who want to see you, and get on to the next appointment.
How do you do it? Lets say for example you would like to make $1,000 a week working part time. Here is how it breaks down: All agents start at a 55% contract rate. (55% of the first year’s premiums are advanced to you upon approval. Years 2-10 provide residuals!!) - An AVERAGE mortgage protection agent will sell 6 out of 10 appointments, using our selling system.
Appointments last between 30 min. and 90 min. With a weekly average of 10 hours of appointment setting, prep and drive time. An average mortgage protection application is around $80 a month. At 55% commission on a $80/mo application ($80 x 12 = $960 Annualized Premium) is $528.00. In one week assume your 10 hours of prep, and drive time. Schedule 5 appointments averaging an hour a piece. You should sell at least 3 appointments. In one out of every 2 homes, you should sell 2 policies which should equal 4 policies. 3 of those will issue. 3 x $528 = $1,584 a week working 15 hours! ($6,864 a month!)

A great Article on Equity Indexed Annuities

What's the Buzz About Equity-Indexed Annuities?
http://personalinsure.about.com/od/life/a/aa022006a.htm

Interested in learning more? Contact our office: http://www.naaeducate.com/dotnetnuke/Home/ContactUs/tabid/80/Default.aspx

Here is a link to a good article on mortgage protection

Mortgage Protection Life Insurance - Understanding The Basics
http://ezinearticles.com/?Mortgage-Protection-Life-Insurance---Understanding-The-Basics&id=6713

For a quote on Mortgage Protection, click http://www.naaeducate.com/dotnetnuke/ProtectMyFamilyHome/CreateAQuote/tabid/79/Default.aspx

Critical Illness Rider
This rider is an Accelerated Death Benefit which means you can take from your death benefit early. The Critical Illness (CI) Rider pays a portion of the death benefit in a lump sum when the insured, while this rider is in effect, is diagnosed with one of the covered critical illnesses or has completed a covered critical procedure. This is a good rider in the event of an illness such has life threatening cancer, stroke, heart attack, etc.

Disability Protection
In addition to the peace of mind you receive knowing that your family is provided for if the worst happens, you'll also rest a little easier knowing that you're covered for up to two years in the case of disability. If you choose an option such as a disability rider, and then you are disabled in a covered accident, the disability coverage will provide cash payments to you to pay your mortgage. These payments will be made in addition to any other disability or critical illness payments you may be receiving.

What is Return of Premium?
One of the most unique features of our policies is the return of premium rider that refunds every penny of premium when you live to the end of the policy term - just like getting your policy for free if you never needed it! This money comes directly back to you tax-free. Though many folks roll their distribution into some kind of retirement vehicle, it's also nice to use the money to pay off your mortgage or give your family a nice vacation together.

Annuities and Retirement
Why leave all your retirement planning with your employer? The news is filled with announcements of company mergers, acquisitions and bankruptcies. Each of these situations can change the rules governing your retirement, and can even eliminate some or all of it. We have helped numerous clients set up their own private retirement plan that is safe, pays a very competitive rate of return, grows your money tax-deferred and provides a retirement income which you cannot outlive. How much safer can you get while growing your money tax-deferred? What other kind of vehicle will pay an instant return upon your death, even if you haven't had enough time for your money to accumulate?We offer some of the most unique annuity products in the industry, whether you want an equity indexed annuity based on the growth of the S&P 500 index (without the risk of loss), you can be sure there is an annuity product that will match your tolerance for risk. So if you have a CD at some bank earning only a minimal interest, or have a 401K that needs to be rolled over into a safe vehicle that will continue to grow with no risk of loss, talk to one of our financial services professionals to examine your options. Find out about this fantastic program that thousands of folks are taking advantage of!

Click here to request an agent speak with you.

Why Mortgage Protection?

It's an uncertain world. It's becoming more uncertain every day. Who knows with any degree of certainty that they'll be able to meet their obligations from day to day? All most of us can do is try to be in a position to see to it that those we love - those who count on us to provide for them - are left with some degree of security should tragedy strike.More often than not, tragedy means that someone has died. This happens all too often. But there are different forms of tragedy that also conspire to make life unbearable for the living. People get hurt in traffic accidents, people lose their jobs, people lose the protections they've put in place because they can't pay their bills - all of these are all too common occurrences. Generally, these situations result in drastic action by those affected. Folks deplete their savings or sell assets to keep their cash flowing. If you're fortunate enough to overcome whatever adversity you face, you're generally left broke and tired. It doesn't have to be that way.Mortgage Protection insurance is more than just a policy to pay off the balance of your mortgage if you or your spouse pass away. Mortgage Protection is a complete package of coverages designed to ensure that whatever happens to you, you'll be able to stay in your home and not end up broke. Of course, if you or your spouse dies, the policy pays you the money which you can use to pay off your mortgage. If you're hurt working around your house or you're in an automobile accident and can't work for awhile, your Mortgage Protection coverage can provide disability benefits (if you qualify) to provide you with cash while you can't work to ensure that your mortgage payments continue to be paid. You don't have to worry about losing your house while you're recuperating. Further, it is possible to have unemployment coverage as well (if available in your state), so that if you lose your job, your premiums will be paid for up to 6 months. And that money will come in to you, not your mortgage company, so you have control over your money. Remember, these Mortgage Protection policies are designed to help you, not some huge, bureaucratic loan company. That's a good thing!If the protections already described were all there is to Mortgage Protection, it would obviously be better for you than just a simple term life policy, but there's even more available to you. There's something called "Waiver of Premium" which allows you to skip paying your insurance premiums for a while as you deal with whatever caused your disability claim. So not only can you receive money, you'll be able to save money too! But probably the most remarkable feature available on our Mortgage Protection is the Return of Premium provision (if available in your state). If you'd like, you can arrange to have most if not all of the money you've paid over the years returned to you at the end of your policy term in one wonderful, tax-free lump sum! That's money you can put straight into a retirement plan or just spend on yourself because you deserve it!

Click here for more information.

Looking for extra income? Why not a part-time career in insurance? Helping protect families is a rewarding and profitable venture. We are looking for p/t agents who are interested in making 500 - 1000 a week on very part-time schedule. Check out www.naaeducate.com

Advantages of simplfied issued products. These are products that do not require an exam. Whenever you have an exam, you open yourself up to being rated or declined by a carrier for even the smallest reasons. Simplified issue products have some conditions already built in so an approval is faster and easier.

Welcome to the Insurance Team

Welcome. This blog is here to give you insight into Insurance, Annuities, Insurance Careers and to answer any questions you have in this area. We will work to continually post valuable information and articles to help you have better knowledge of this industry. We will also discuss with you the possibility of part-time and full-time career opporutnities.

Our websites are www.naaeducate.com, www.newagentinfo.com, www.themortgageprotectiongroup.com.