RILA (buffer annuity) or index annuity?

A RILA is a registered security. It can offer more upside, but the client can lose money.

1. 1.

   Before this case, confirm you may solicit and recommend a registered index-linked annuity (RILA) through your broker-dealer.

   A RILA is a security: you must be a registered representative of a broker-dealer. Also confirm state insurance authority, carrier appointment and firm approval, and use only broker-dealer-approved comparisons and prospectus material. With any item missing, follow your firm's referral process instead of running the case.

2. 2.

   Open a new chat. In ChatGPT Work, type @ and pick Annuities Genius first. Paste this case. Non-qualified means money outside a retirement account.

   Copy

   Using Annuities Genius: I'm paid by commission. My client is 57 in Colorado with $300,000 of non-qualified money. She wants more upside than an FIA and can accept some loss. Show me 3 RILAs with a 10% buffer and compare them with the best S&P 500 FIA for her. Show what a 30% fall does to each, in dollars. Check how each is sold. Which would you show first? I decide.

   Select the text and copy it.

3. 3.

   A 10% buffer absorbs the index's first 10% loss at term end. A 30% fall leaves a 20% loss.

   On $300,000, that loss is about $60,000. Early exits use current value and may also face surrender charges.

4. 4.

   Check how each one is sold in its details. Names with Advisory or ADV (short for advisory) may be fee-based.

   Fee-based (Advisory) products may be ranked first. Check you are allowed to sell each product before you show it.