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Added for You - Annuities - Equity-Indexed Annuities - Putting Lipstick On A Pig
How often is the Sales team on one side of an organization while Service is on the other?How often does this ‘divide’ lead to the loss of possible sales, more tension between the groups, and negative service experiences and perceptions for the customer?At one high-end European car dealer, the physical separation between Sales and Service was so thick, they called it the Berlin Wall.It doesn’t need to be this way!In a bold eff
In order to get any market gains, you must annuitize the contract over a 10-year period. If you don’t find out about that until the 10th year, you will have to leave your money invested for a 20-year period to get ANY index gains. Even then, you don’t get any of the index gains that occurred during
Writing and publishing a successful newsletter is perhaps the most competitive of all the different areas of mail order and direct marketing. You can still publish newsletter through regular mail. With Internet's help, you can publish your newsletter online. You can reach hundreds of subcribers without costing any postage - it is called eZine publishing. Five years ago, there were 1500 different newsletters in this country. Today there are wel
Staying out of the wrong investment in the first place is much easier than trying to get out of one later. Often, the problem is that you aren’t given all of the information, or it’s presented using terms that you aren’t familiar with. Either way, the deck is stacked against you.
When you sit down with the typical commission-based advisor, their job is to sell you something. They’ve been well trained on how to present a product in the best possible light. They know how to handle your every objection. They have a number of closing techniques to persuade you to make an immediate buying decision.
They don’t have to have a great product to offer in order to get you to invest. In industry lingo, sometimes advisors have to “put some lipstick on that pig.” Many times a product isn’t accurately portrayed. An investment’s blemishes can be well hidden by some clever salesmanship.
Sounds like the perfect investment, doesn’t it? But when you take the time to drill down through the fine print in the actual annuity contract and decipher all the legalese, you quickly find it’s a pig-in-a-poke. Although this annuity is a ten year contract, if you take your money out 10 years later you don’t get ANY of the promised index gains! If you initially invested $100,000 you are guaranteed to only get $101,457 ten years later! That’s right. You will have made $1,457 after 10 years!
In order to get any market gains, you must annuitize the contract over a 10-year period. If you don’t find out about that until the 10th year, you will have to leave your money invested for a 20-year period to get ANY index gains. Even then, you don’t get any of the index gains that occurred during t
Any business you may think about thrives at the mercy of advertising. It then follows that you don’t know what you are missing as a business man if you don’t advertise your business. There are two basic forms of advertising as far as this context is concerned; they are as follows: printed advertising and internet advertising.Printed advertising is primarily for offline businesses. But you may be interested to know that advertisements these days a
When you sit down with the typical commission-based advisor, their job is to sell you something. They’ve been well trained on how to present a product in the best possible light. They know how to handle your every objection. They have a number of closing techniques to persuade you to make an immediate buying decision.
They don’t have to have a great product to offer in order to get you to invest. In industry lingo, sometimes advisors have to “put some lipstick on that pig.” Many times a product isn’t accurately portrayed. An investment’s blemishes can be well hidden by some clever salesmanship.
Sounds like the perfect investment, doesn’t it? But when you take the time to drill down through the fine print in the actual annuity contract and decipher all the legalese, you quickly find it’s a pig-in-a-poke. Although this annuity is a ten year contract, if you take your money out 10 years later you don’t get ANY of the promised index gains! If you initially invested $100,000 you are guaranteed to only get $101,457 ten years later! That’s right. You will have made $1,457 after 10 years!
In order to get any market gains, you must annuitize the contract over a 10-year period. If you don’t find out about that until the 10th year, you will have to leave your money invested for a 20-year period to get ANY index gains. Even then, you don’t get any of the index gains that occurred during
Obviously if you are referring an affiliate product, then you need to tie them into your own credibility. You see, if someone buys from an affiliate link to which you have sent them, they have to trust the person from which they are now buying.And unless they already have a trust level developed (and if they did, it is likely they have already bought the product), you have to tie in that person to your own credibility.In that case, you can
They don’t have to have a great product to offer in order to get you to invest. In industry lingo, sometimes advisors have to “put some lipstick on that pig.” Many times a product isn’t accurately portrayed. An investment’s blemishes can be well hidden by some clever salesmanship.
Sounds like the perfect investment, doesn’t it? But when you take the time to drill down through the fine print in the actual annuity contract and decipher all the legalese, you quickly find it’s a pig-in-a-poke. Although this annuity is a ten year contract, if you take your money out 10 years later you don’t get ANY of the promised index gains! If you initially invested $100,000 you are guaranteed to only get $101,457 ten years later! That’s right. You will have made $1,457 after 10 years!
In order to get any market gains, you must annuitize the contract over a 10-year period. If you don’t find out about that until the 10th year, you will have to leave your money invested for a 20-year period to get ANY index gains. Even then, you don’t get any of the index gains that occurred during
First with some background. Why build a list or lists? Over the course of the last ten years, people have developed products to sell online and have created fortunes targeting the right people to who to sell. By creating a product and an exciting sales page, one could drive visitors to the sales page, convert a percentage of them, and make money.With the advent of high-speed internet, the average surfer moves through sites much faster, decreas
In order to get any market gains, you must annuitize the contract over a 10-year period. If you don’t find out about that until the 10th year, you will have to leave your money invested for a 20-year period to get ANY index gains. Even then, you don’t get any of the index gains that occurred during
Someone sent me this lunchtime message:‘Whilst waiting for my toasted foccacia, a young man came into the shop and asked for a salad sandwich.‘While the shop owner prepared the sandwich, the young man kept saying “Give me heaps of carrot”, and “Give me heaps of beetroot”, etc.‘When it came time to pay, the shop owner rang up the transaction and said, “That’s $3.50.” The customer replied, “But the price says $3.20.”‘The shop o
In order to get any market gains, you must annuitize the contract over a 10-year period. If you don’t find out about that until the 10th year, you will have to leave your money invested for a 20-year period to get ANY index gains. Even then, you don’t get any of the index gains that occurred during the second 10-year period. It’s not sounding so good now, is it?
It gets worse. If you ever need more than 5% of your money in a year, you have to pay a stiff surrender penalty to do so, up to 12.5%, plus you lose your bonus. So you can get back less than you invested even after 8 years! Even if you die before the contract is up and your heirs cash out, they are virtually guaranteed to get back less than you put in.
And these are just a few of this investment’s blemishes. Even if the salesperson mentioned these disadvantages, it’s done in a way that makes them seem unimportant. Many people have purchased this pig without realizing what they were getting themselves into. Many won’t even know until they go to cash it in after 10-years. Since they see the index gains on their statement they believe all is well.
I’ve used equity indexed annuities as an example, but the same story can be said about any number of investments. There are no perfect investments! Every investment has advantages and disadvantages.
Don’t take what advisors tell you at face value. Do your homework. Research the product on the internet. If it’s an insurance product like an annuity, make sure you see and read the contract before you invest. If you don’t understand it, find someone who is unbiased to help you (not the person trying to sell it to you!). The insurance company will only do what is in the contract regardless of what the agent makes you think the contract says.
Never give into pressure to buy right then. That’s just a sales t
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