RSS 2.0 FeedIndustry Views
Roth IRA Conversion Promotions Are All The Rage Online
Many firms have launched engaging online sales campaigns focusing on the Roth IRA conversion opportunities that will be available in 2010.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
January 13, 2010, Cover Stories, Annuities
AXA Trumpets a Treasury-Linked VA Rider
AXA Equitable Life (and its trademark gorilla) have bounced back from the financial crisis with a novel variable annuity rider that pegs guaranteed accumulation and withdrawal rates to the 10-year Treasury rate, plus one percent.
Only two years ago, AXA Equitable was the 800-pound gorilla of variable annuity sales. In the first three quarters of 2007, the insurer sold nearly $12 billion worth of its Accumulator contract, which boasted a 6.5% roll-up on a GMIB rider.
Then the gorilla slimmed down, due largely to the financial crisis. AXA variable annuity sales totaled less than $6 billion in the first nine months of 2009, a 50% decline in 24 months. But because the whole industry suffered, its market share fell only to 6.4%, from 8.8%.
We look forward to sharing this valuable article with you! Subscribers may Log In below.
- Not a member? Register now to become a subscriber to Retirement Income Journal. Register Now
- Or, start your 30-day FREE TRIAL: See offer for FREE TRIAL
- purchase this single article for personal use only for a fee of $10.00.
For group discounts, licensing, and reprints, contact kerry.pechter@retirementincomejournal.com.
Forget your subscriber password? It's easy to reset here: Reset your password.
