Annuities
Indexed annuity sales increased by more than 2% in the third quarter of 2018, relative to the second quarter, but rose by 38% over the same period last year,...
Ohio National Sued for Compensation Breach
So far in November, three variable annuity sellers, including Commonwealth Financial, have filed federal class action lawsuits against Ohio National Life, which this fall left the annuity business and...
A Tax Break That Could Raise Retiree Income and Reduce the Deficit
Our guest columnist, who has spent decades in the annuity industry as an executive, entrepreneur and advisor, suggests a new win-win tax break for annuitized income.
SEC proposes the use of shorter prospectuses for variable annuities
The Commission has requested public comment until February 15, 2019, on the proposed rule changes, as well as on hypothetical summary prospectus samples that it has published.
Income annuity tied to debit card with cash rewards is launched
You pay Guggenheim Life about $60,000 today, and it puts $1,000 on your debit card every month for the next five years. You average 7% cash-back on purchases with...
What’s Up, Doc Huffman?
Ohio National Life's withdrawal from the annuity business continues to rile advisors and broker-dealers who carry a lot of the insurer's rich old living benefit products on their books--and...
Brighthouse makes it easier for advisors to sell its annuities
'This can help firms without a fixed suitability process in place, allowing them to add fixed and income products to their shelves,' said Myles Lambert, chief distribution and marketing...
Which Annuities Pay Out the Most?
The answer depends on whether your clients want income to start now or in five years or 10 years. Indexed annuities offer the highest minimum income guarantees, if you...
‘RIAs, You’ve Got to Try This’: Macchia
'A recent article said that high valuations make this the worst possible time to retire. I say, This is the perfect time to retire if your advisor has provided...
New digital MYGA platform from Blueprint Income
'We're seeing that many of those nearing retirement want to have at least a portion of their money earning a guarantee, whether that's a guaranteed return or guaranteed income,'...
Jackson joins Envestnet Insurance Exchange
Envestnet will be offering a service called Guidance Desk that will allow unlicensed RIAs access to the consulting and fiduciary services that would enable them to use the Insurance...
Which annuities pay the most income? Cannex has a clue.
'Our study reveals a complex story—the highest guaranteed income product varies significantly by client and when income begins,' said Tamiko Toland, head of Annuity Research at Cannex.
Meet the Dare-Devils Who Own Annuities
In an elaborate media event to launch the Alliance for Lifetime Income, a jet-car driver, a shark wrangler, and four C-level life insurance company executives gathered in and around...
TIAA VA joins RetireOne annuity platform for RIAs
TIAA Life will also add its no-load fixed annuity, which has 10 guarantee period options, and a no-load single premium immediate annuity, to the RetireOne platform.
People who think annuities are ‘fair’ are more likely to buy one
People who worry about becoming a burden on family and people who are relatively less loss-averse are also more open to the idea of buying annuities, a study by...
New FIA bets on growth in aging-related industries (Duh!)
The Retirement Plus Multiplier Annuity issued by A-CAP insurers and distributor Saybrus Partners offer access to a Goldman-Sachs index that tracks healthcare and real estate companies that may benefit...
Lincoln Financial to distribute new indexed annuity through Market Synergy Group
Lincoln's new Retirement Safeguard FIA features built-in lifetime income, including a benefit multiplier while saving for retirement, an option for increasing income in retirement, and an enhanced death benefit.
‘Pent-up demand’ lifted annuity sales in 2Q2018
'The Insured Retirement Institute has remained confident that annuities sales would rebound due to pent up demand for these solutions,' said IRI President and CEO Cathy Weatherford, in a...
A bit of recovery in variable annuity sales
'2012- and 2013-vintage contracts remain the best-sellers both by average sales volume and total sales volume by year. Of the top 100 selling VAs in Q2 2018, 25 were...
Making Annuities Easier for RIAs
It's no longer a minority report. We talk to executives at Envestnet, DPL Financial, RetireOne, Allianz Life and United Capital about new platforms for helping registered investment advisors integrate...