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MetLife's Series XC annuity...

 
 
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      03-02-2004, 06:37 PM
I have been talking to a broker about converting a SEP to MetLife's Sreies
XC annuity with the GMIB rider. It seems to make sense. I was reading the
information at http://www.annuityfyi.com/ca1emetlife.html

I don't see the downside. Any comments?

 
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TTRoberts
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      03-02-2004, 08:01 PM
, you asked:

<< <i>I have been talking to a broker about converting a SEP to MetLife's
Sreies
XC annuity with the GMIB rider. It seems to make sense. I was reading the
information at http://www.annuityfyi.com/ca1emetlife.html

I don't see the downside. Any comments?</i> >>

There are costs associated with a VA (Variable Annuity) as there is also with
the GMIB rider. Also, take careful consideration about the period you'd be
committing yourself to and what you're alternatives might be if you have to or
want to make changes before the end of that commitment period.

Only YOU can decide wither or not the costs are worth it for you.


 
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HW \Skip\ Weldon
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      03-02-2004, 08:10 PM
On Tue, 2 Mar 2004 14:01:11 CST, (TTRoberts) wrote:

>Only YOU can decide wither or not the costs are worth it for you.


I agree with TTRoberts that the costs are a potential worry. But
there can be benefits as well.

Perhaps the original poster will share with us what he feels he will
receive in return for those higher costs.

-HW "Skip" Weldon
Columbia, SC

 
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      03-02-2004, 09:34 PM
I guess I look at the GMIB as insurance. A guaranteed 6% return OR value of
the account (at it's highest point over a 15 year period). Thus if at year
12 my account was at it's highest point and then had several years of
declines I would still have an annuitized value equal to the the highest
value of the account.

Maybe I have to analyze the fees on this particular annuity but it seems
like the best deal currently available.
I know the GMIB rider is .005% annually.


"HW "Skip" Weldon" <> wrote in message
news:...
> On Tue, 2 Mar 2004 14:01:11 CST, (TTRoberts) wrote:
>
> >Only YOU can decide wither or not the costs are worth it for you.

>
> I agree with TTRoberts that the costs are a potential worry. But
> there can be benefits as well.
>
> Perhaps the original poster will share with us what he feels he will
> receive in return for those higher costs.
>
> -HW "Skip" Weldon
> Columbia, SC
>


 
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      07-02-2013, 12:50 PM
I bought my XC series deferred VA guaranteed 6% Feb 2009 for $100k, now (2013) $197k ($201k on 5/29/13) death benefit and current value. Annuity Value is $204k. Can withdraw up to 6% w/o penalty, regardless of whether in Surrender period or not. Last year was test of 6% step-up minimum anniversary fixed value, over and beyond fees. 15% minimum must be in conservative Platform 1 selection. Max 15% in Platform 2, 3 and 4 selections. Auto rebalancing each quarter. Love this product. Wish I had placed $200k in or at least bought from Roth IRA funds.
 
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