SIGNIFICANT RATE DECREASES COMING 10/1!
Do your clients have CD's up for renewal?
Compare this annuity rate to a 5 year CD
For clients who use the interest for income
$100,000 at 4.45% Simple Interest 1st year and 3.45% years 2-5
$4,450 income in year 1 and $3,450 income years 2-5= $18,250!
How much interest income is that CD costing them? Show them the #'s.
For clients who want to watch the $ grow, tax deferred, 3.45% for 5 years!
3.45% Compound Interest Guaranteed for 5 years, with 5 year surrender.
Here is the math: $100,000 + Interest = $118,826 in 5 years!
Compare this rate with a CD and remember, no taxes until funds are withdrawn.
Click here for our Multi Year fixed interest rates updated 9/22/2020