Annuities
'We can stick with business as usual, or we can work with regulators to remove some of the hurdles to selling annuities,' said Ernst & Young's Doug French at...
Great-West to distribute its new indexed VA to RIAs on the RetireOne platform
RIAs hate annuities--unless they can exchange a client's existing contract for something cheaper and more suitable. Great-West sees opportunity there.
It’s Hot Around the ‘Collar’
Nervous investors can get an indexed collar strategy from an annuity or an ETF. Great West Financial and Innovator Capital Management have new products in the category. Cap-and-buffer products,...
Need for annuities is strong but interest still weak: Survey
A new CANNEX/Greenwald survey shows that about four in 10 pre-retirees expect annual income under $50k in retirement; 23% expect $50k-$75k and 16% expect $75k to $99k. Under 20%...
Phoenix issues MYGA annuity
If contract owners can choose to keep the right to take a 10% “free withdrawal” of up to 10% of their premium, their guaranteed interest rate will be 0.25%...
Fixed annuity sales end 2017 on positive note: LIMRA SRI
Sales of book value fixed-rate annuities and indexed annuities were higher in the fourth quarter of 2017 than in the same quarter in 2016, according to LIMRA's Secure Retirement...
Bob Reynolds’ & the Future of 401k
Reynolds emphatically favors the investment interpretation, as does Brian Graff of the American Retirement Association and other industry advocates.
Morningstar Enters the Indexed Age
Just in time for the activation of the DOL fiduciary rule, Morningstar has expanded its Annuity Intelligence resources to include indexed and fixed annuities.
Complex Annuities for a Complex Era
Indexed variable annuities (IVAs) offer a potential solution for paralyzed clients—perhaps for those who feel baffled by a market where both bond and stock prices are at all-time highs....
AIG offers fixed-rate annuity with an income rider
The product offers a 1.5% annual return for seven years and, for 95 basis points a year, a living benefit with a 7.5% simple-interest annual deferral bonus during the...
FIA sales on pace to exceed $60 billion
'While most other annuity products have faltered because of falling interest rates and anticipation of the Department of Labor (DOL) fiduciary rule, FIAs continue to thrive,' said Todd Giesing,...
Which Annuity Is Better? This New Tool Tells You
Cannex, the Toronto-based annuity product data, just announced a new tool, based on research by annuity guru Moshe Milvesky, that enables advisors to do side-by-side comparisons of annuity contracts....
A.M. Best report defines VA issuers’ dilemma
Qualified VA’s will be affected by the DOL fiduciary rule, which includes more fee disclosures and level compensation structures, said a new report from the ratings agency. About 58%...
Lincoln Financial enhances VA income rider
'The 5% rollup starts at purchase and runs for 10 years. It applies only in years when there’s no withdrawal and there’s a hard stop at 10 years from...
AIG Tops Annuity Sales Chart Again
Eight years after collapsing under the weight of CDS losses and four years after emerging from federal ownership, AIG is again atop the annuity sales charts, with $9.78 billion...
Great American Offers No-Commission Indexed Annuity
'The DOL gave it some impetus, but the real issue is that the markets are pretty much topping out,' said Great American senior vice president Malott Nyhart.
Great Hopes Ride on Great-West’s New Annuity
Great-West Financial's new Smart Track II variable annuity contract has four different income riders. Will it help Bob Reynolds achieve his goal of making Great-West a top-five retirement company...
Surrender to Lapse Risk? Not These Insurers
Over-estimates of variable annuity lapse rates have cost life insurers billions. A group of VA issuers is now working with actuaries at Ruark Consulting to predict those rates more...