October Is CD Replacement Month
Renewal … or replacement?
Thirty-eight years ago this month, the U.S. experienced its worst day in Wall Street history: Black Monday. Seventeen years ago this month, the U.S. economy was in the throes of everything from volatility resulting in investors scrambling for safety, which they have traditionally found in the guarantees and FDIC backing of certificates of deposit (CD).
More recently, the pandemic resulted in similar ongoing uncertainty. Now, investors are facing the potential for future interest rate declines, pushing clients to want to capture stronger growth opportunities through replacement rather than renewal.
Two Annuity Alternatives
If you have clients renewing long-term CDs out of habit, help them discover more advantaged solutions.
MYGAs
Use our Introduction to MYGAs flier to highlight the differences between CDs and MYGAs, and why MYGAs could provide a more growth-focused approach.
FIAs
Use our Get Off the Sidelines flier to educate clients on the downside of a “wait-and-see” approach to repositioning a portion of their savings in fixed indexed annuities.
In these times of uncertainty, your clients’ assets and retirement savings need as much protection as possible. The top-of-mind awareness created by CD Replacement Month — in combination with these client-friendly, customizable resources — is a great opportunity for you to start the conversation!
FOR AGENT USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.