Equitable Fixed Annuity
The Secure Savings multi year, guaranteed annuity is an Equitable fixed annuity available in most states. They have very competitive interest rates on available on a 2 year and 5 year term. The product is a MYGA with the same rates for the entire contract period. Both qualified and non qualified money can be put into the product on a 2 or 5 year guaranteed basis. Liquidity options are available during the surrender period depending on the product chosen
Equitable Fixed Annuity: Secure Savings vs. Secure Savings Elite
The Secure Savings and the Secure Savings Elite are similar products. Both are MYGA’s with a 2 and 5 year term option. The main difference between the two products is the liquidity and rates. The Secure Savings Elite has a higher fixed rate but does not allow access to the funds during the surrender period without a penalty. In other words, it does not have a free withdraw amount like the Secure Savings product does.
Broker contracting and compensation
Brokers/agents can contract to offer both the Secure Savings and the Secure Savings Elite products. Agents receive compensation on both the 5 and the 2 year product. The compensation pay is up front and also has an annual trail commission. A contracting kit has been provided below. Simply complete the contracting kit and send it to our office via fax 203-567-6235 or email to Lisa@croweandassociates.com Please note: If you have already given us a contracting kit for other products, there is no need to fill it out again. Simply let us know you want to add the equitable product.
Please return contracting to us via fax at 203-567-6235 or email to Lisa@croweandassociates.com Be sure to include a copy of your insurance license, E and O and a void check.