Did you know that Annuities have a very long history that can be traced as far back as the days of the Roman Empire? Yep, it’s true! Annuities certainly aren’t anything new, but as you could imagine, they have certainly changed a lot over the centuries.
Annuities are only issued by insurance companies and can only be sold by licensed insurance agents! This is good news for you.
The advent of the Equity Indexed Annuity (EIA) in 1995 further took the industry by storm and thousands of agents have since taken advantage of the opportunity to offer these products. Today our industry refers to these products as fixed indexed annuities (FIA’s).
In 2019, total annuity sales were around $240,000,000,000 (Billion) and FIA sales alone were over $70+ Billion of the total 2019 Annuity Sales. Almost one-third of all fixed annuity sales!
Selling annuities can be one the most lucrative and rewarding careers, but it’s very important to get the proper training! With thousands of annuities in the marketplace today, agents and advisors must know what they’re doing and how to navigate this vast marketplace. It’s also imperative for agents to document their annuity recommendations and only make suitable sales to buyers.
With adequate annuity training, the right tools and technology, agents today can take advantage of everything this amazing market has to offer, while still doing what is in the best interest of the customer!
Whether you are brand new to annuities or already a seasoned veteran, Life Professionals has the annuity training, tools and technology to take your business to the next level. Contact Life Professionals to get on the fast track of annuity sales success!
For a list of all carriers, current annuity rate sheets, annuity product details or for information on our Annuity Training, please contact Life Professionals and we’ll be happy to assist you!