Earning compensation is an important prt of selling annuities, it is how we pay our blls and continue on with our jurney.

Have you ever written a new nnuity only to have it held up for 60-90 dys and have to collect signatures, fght with conservation and wear yourself ut? Just when you think it is rady to transfer, always something new cmes up. Conservation by the broker or nother agent gets old fast plus cnstantly calling the prospect always weakens the sle.

I can get paid in 7 dys....Guaranteed. Want to learn how? A smll technicality, this only works for IRAs, 401 (k), 403 (b) (tx sheltered annuities) and other qualified fnds.

Since an annuity is a lng term hold it would stand to rason that an IRA would be the lgical place for an annuity so gven that concept here it is...

Scnario:

Your client has funds in an IRA, desn't make any difference where it is, bnk, brokerage account, another annuity company.

· Opn an IRA account with your nnuity company under the name of the prspect and have a policy number ssued (they will all do it). Ths is important later.

· Hve your prospect surrender the IRA drectly to them. The funds in an IRA can be in thir possession for 60 days without any tax issues.

· Wherever you are srrendering the IRA from make sure to get the trnsfer forms from the custodian and hve them prepared for your prospect. Esy to find on the internet or smply call the custodial and have thm faxed or emailed to you.

· On the srrender forms mark it as an IRA rllover, no taxes will be withheld.

· Wrte a letter under your prospects nme to the original custodial re-stating ths is an IRA rollover and do not wth hold taxes. Staple this to the srrender form and make copies.

· Tll your prospect to call immediately whn the check arrives so that not a mment's interest will be lost. (they wll call instantly)

· Hve them deposit the IRA check nto their account and write a new chck to themselves in care of the new cstodial (annuity company). Explain that it is mportant to create a paper trail for thir IRA funds.

· Cmplete all the paperwork for the new plicy and if the funds came frm another insurance company, make certain you prpare the replacement form as required by yur state department of insurance.

· Tll the client that you will wrte their new policy number on the chck when you get to the ffice. (you had it issued by yur company) On the back of the chck have your clients write in the ndorsement part, "For deposit only to the benefit of (insert their name), IRA". Write the policy number here also.

· Tell your prospect that you will mail them a copy of their check as soon as you get back to the office (with the numbers on both places). It's very important that you do this.

· You need to keep full copies and your client should also. Make a file for them and deliver it when you deliver the policy.

· You can surrender an existing IRA and reposition your prospect's funds into a new contract using this method in 7 to 9 business days.

The article Want To Get Paid In 7 To 9 Days On Qualified Money Transfers? was Submitted by Bill Broich through Articles.GetACoder.com network. Here's the additional information: Bill Broich is thirty year nnuity salesman who helps agents generate nnuity leads and sales. To discover mre visit his website: pre-set annuity lads. Annuity Lead Generation

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