Annuities that Pay Cash Back Rewards
Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms...
Annuities
Fewest Open Variable Annuity Contracts Since 1997: Morningstar
The top ten VA issuers stayed much the same and accounted for 83% of total sales. TIAA dropped to fourth place from second and AEGON/Transamerica replaced New York Life...
Blueprint Income, a fintech firm, will sell Pacific Life deferred income annuity online
The deferred income annuity is called 'Next.' The two companies envision Generation X-ers using the Blueprint Income platform to buy a personal retirement pension, one installment payment at a...
Tell Us What You Really Think
At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors...
Kindur to Sell American Equity Fixed Annuity with Living Benefits
The fintech startup has chosen to offer ETF portfolios and an American Equity fixed annuity with a living benefit as sources of retirement income for its prospective online customers.
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Allianz Life’s new binary indexed annuity: A remedy for RMDs
Most retirees don’t want to get involved in the management of RMDs, says Matt Gray (photo), a senior vice president for product innovation at Allianz Life. He's got a...
Annexus announces new indexes for Athene, Transamerica annuities
Athene and Annexus also said they intend to launch a new fixed index annuity, called Athene Velocity, with a free built-in income rider, but did not elaborate.
Symetra Trek: The Latest Structured (or RILA) Annuity
'This product is primarily for equity investors who want to mitigate their downside risk, not people who want a safe investment that has more return potential than bonds,' said...
AIG tops annuity sales for first time since 2007: LIMRA
The top five sellers of total annuities in 2018 representing 32% of market share were AIG Companies, Jackson National Life, New York Life, Lincoln Financial Group and Allianz Life...
Fixed Annuities, Unchained!
AIG ranked as the top carrier overall for non-variable deferred annuity sales in the fourth quarter of 2018, with a 9.8% market share. Total sales of MYGAs (multi-year guaranteed-rate...
Side-by-Side Comparison: A VA Minimum Accumulation Benefit Rider vs. an Index Annuity
Which of these two types of annuity contracts was able to offer the best principal protection and upside potential over a 10-year period? CANNEX tested them over 10,000 randomly...
A Chronicle of ‘NARIA,’ Nationwide’s Income-Generating VA for RIAs
The 'Nationwide Advisory Retirement Income Annuity' has no commission or surrender schedule and offers RIA clients a choice of 130 investment options. The income rider costs 80 basis points...
Talking Annuities with AIG’s Todd Solash
Solash, who leads AIG's Individual Retirement business, spoke with us about the company's approach to the annuity market. The NAIC recently reported AIG's overall Life and Retirement businesses as...
Surrender rates on some FIAs tick higher
While interest rate hikes tend to drive surrenders from fixed indexed annuity contracts, surrenders decline when a contract's lifetime income benefits are 'in the money,' studies by Ruark Consulting...
Envestnet Insurance Exchange aims for June 2019 launch
The Exchange will give advisors access to variable, structured, fixed, and indexed annuities from Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National Life Insurance Company, Nationwide, and...
Record sales for indexed annuities in 2018
For 2018, fixed indexed annuity sales rose 27% to $69.6 billion, compared with 2017. This exceeded the previous annual fixed indexed annuity sales record by $10 billion, according to...
Risks That Can Ruin a Retirement
In the first of a two-article series, the retirement expert, author and editor enumerates and describes the many risks that retirees face. (Spoiler alert: Mortality is not one of...
Risk-sharing brings higher early payouts in Lincoln’s new VA income option
Lincoln IRA Income Plus living benefit gives the contract owner a payout rate of up to seven percent at age 70 with the caveat that the rate will drop...
DPL Financial to distribute Jackson National no-commission annuities
'Consumers like the fee-based model, but we’re also committed to the brokerage side," said Jackson National's Scott Romine. 'We just want to make sure that we’re in both places.'
Quarterly reports from four annuity issuers
Brighthouse, American Equity, Prudential and Lincoln offer fourth quarter and full-year 2018 earnings reports, including individual annuity and retirement plan results.
