Why Choose a Premium Deposit Account?
Nov 01, 2018
Have you explored Premium Deposit Accounts (PDA)? An account like this works well for clients with a lump sum of money who want to invest it for supplemental retirement income and a tax-free death benefit. If an annuity isn’t the right solution for them, their next option could be a Premium Deposit Account.
The PDA equally distributes their money into the IUL, which provides a host of benefits.A PDA can provide clients worry-free premium payments, growth, and can help avoid MEC status. Don’t hesitate to contact your Brokers Alliance Agent Relationship Manager for more details, because we currently work with a carrier that offers a PDA plan that is paying as much as 3.25%.
So, why choose a PDA for your clients?
Worry-free premium payments
Can help avoid MEC status
For more information on Premium Deposit Accounts, please give us a call at 480.296.0169 and ask to speak with an Agent Relationship Manager.