Annuities
Indexed annuity sales for the second quarter were $17.3 billion; up nearly 22.0% when compared to the previous quarter, and up more than 18.4% when compared with the same period...
Net income of U.S. life/annuity industry drops in first-half 2018: A.M. Best
Mortgage loans constituted 12.4% of total invested assets in the first half of 2018, up 41% from the first half of 2014, according to a new Best's Special Report.
Allianz Life adds living benefit to structured index annuity
The new Allianz product offers four index options, two death benefit options, five combinations of performance caps and downside buffers and a living benefit rider with deferral bonuses and...
Annuity sales jump 10% percent in 2Q2018: LIMRA SRI
LIMRA Secure Retirement Institute research chief Todd Giesing predicted that fixed-rate deferred annuity sales would increase 15% to 20% percent this year and by as much as 25% in...
New 5-year indexed annuity contract from Eagle Life
Eagle Select Focus 5 offers a new allocation option with the uncapped upside that investors seem to prefer: the 'S&P 500 Dividend Aristocrats Daily Risk Control 5% Excess Return with...
Mortality “much lower” in annuities with living benefits: Ruark
'Aggregate variable annuity mortality has declined 3% since 2015, attributable to a combination of underlying mortality improvement and changes in business mix,' according to Ruark Consulting LLC.
Prudential sells $923 million group annuity to Raytheon
The agreement transfers the responsibility for paying certain pension benefits to approximately 13,000 U.S. retirees, as well as their beneficiaries, from Raytheon’s previously discontinued operations.
A Letter to RIJ from Moshe Milevsky
The York University finance professor, author and annuity consultant suggests that academics focus less on trying to solve the 'annuity puzzle' and more on 'normative advice.'
‘Freedom’ is the key to Sammons’ new variable annuity
'The unique feature is the Freedom Date,' said Bill Lowe, CEO of Sammons Retirement Solutions. 'If you buy this at age 60, at age 80 you have 100% access...
Athene issues new fixed indexed annuity
The new contract, called Agility, offers an annual deferral bonus of 175% of the increase in the account value, and income that steps up by the percentage earned each...
Variable annuities see $18 billion net outflow in 1Q2018
The recent increase in market interest rates, plus the lapse of the DoL Fiduciary Rule, have raised expectations that VA sales will rise, however, according to Morningstar.
Total annuity sales to improve through 2019: LIMRA SRI
With interest rates expected to rise over the next two years, LIMRA SRI forecasts sales of fixed rate deferred annuities to increase by 15-20% in 2018 and by 20-25%...
Indexed annuity sales up more than 10% in 1Q2018: Wink
AXA US was the top-seller of structured annuities, with a market share of 51.5%, but the top-selling contract in that category was the Brighthouse Life Shield Level Select 6-Year...
Variable annuity deferral bonuses are working: Ruark
GLWB withdrawal frequencies have increased consistently at normal retirement age and above, with over half of withdrawals now at or near the maximum benefit amount, according to a study...
It’s official: Lincoln’s indexed variable annuity has arrived
The contract's costs, other than those embedded in the performance caps and floors, are 40bps for an income rider, 10 to 30bps for a death benefit and administrative fees,...
Indexed annuities sales up in 1Q2018: LIMRA
As for structured annuities, LIMRA is now using the term “registered indexed-linked annuities” to describe them and will include them in its overall variable annuity sales figures. These products...
Annuity wholesalers should be consultants for advisors: Global Atlantic
Many advisors prefer 'a multi-product annuity platform' that allows for 'customizable retirement planning,' the survey by the multi-product annuity provider showed.
How Canadians regard lifetime income: CANNEX
Fewer than half of Canadians surveyed were confident in their ability to maintain their standard of living until age 90, while 58% would expect a decline in living standards...
Lincoln Financial joins the index-linked variable annuity (ILVA) party
'Lincoln Level Advantage' comes with four index options, two term lengths and four levels of protection. It also offers variable subaccounts and a living benefit.
The link between 401(k) litigation and in-plan annuities
Fear of litigation has made 401(k) plan sponsors leery of innovation, including the adoption of annuities as investment options, these authors suggest.