What is Stagnant Money? It's money that is characterized by lack of development, advancement, or progressive movement, meaning it is not earning very much interest. Customers keep it there since they don't where they can move it and still have access to it if needed. This might be low interest bearing accounts at banks or credit unions, or it might be money market accounts.
What is Smart Money? It's money that is still liquid, but has the ability to grow at interest rates above the normal fixed accounts. It also provides a death benefit, critical and chronic illness benefit to the customer. Marketing Financial has some unique products that waive the surrender charges on traditional fixed or indexed life products.
Watch the video below to learn more. Call Marketing Financial to help your customers reposition their stagnant money into Smart Money! 1-800-677-1087