Annuities
Allianz Life led FIA sales with a market share of 26.80%, followed by American Equity Companies, Security Benefit Life, Great American Insurance Group, and Athene USA. Allianz Life’s Allianz...
AIG Offers First Qualified Longevity Annuity Contract
“ will take a while to get going,” said Stan Haithcock, of Stantheannuityman.com, “but once people realize that it lets them reduce their RMDs, and...
Lincoln Financial enhances its deferred income annuity
The enhancements to the contract do not include any features made possible by the federal government’s Qualifying Longevity Annuity Contract announcements this year, a Lincoln spokesman said.
Annuity owners are more confident: LIMRA
Among households with more than $1 million in assets, 44% percent of annuity owners say they are “very confident” of a secure retirement compared to 35% of non-annuity owners,...
Banks Earn Record First-Half Annuity Income
Second-quarter 2014 annuity commissions reached $916.8 million, the second-highest quarterly mark on record, according to the Michael White Bank Annuity Fee Income Report.
Symetra adds enhanced death benefit to Edge Pro FIA
The new rider is “designed to provide beneficiaries with a potentially larger death benefit than they would otherwise receive from an annuity contract,” said a Symetra release.
American Equity Has ‘Big Mo’ in Agent FIA Sales
“We weren’t surprised by the ranking,” Kirby Wood, chief marketing officer at American Equity Investment Life, told RIJ regarding the results of the Cogent Reports Fixed Indexed Annuity...
New York Life’s DIA surpasses total premiums of $2 billion
The current payout rate for a 60 year old male who defers for 10 years is about 12%, so that a $100,000 premium would provide a 60 year old...
Wells Fargo to distribute Allianz Life’s ‘Essential Income 7’ FIA
"Essential Income 7 can earn indexed interest through the S&P 500 and Barclays US Dynamic Balance Index allocations. Indexed interest is credited by an annual point-to-point with a cap...
Does end-of-life family care ‘crowd out’ annuities?
In their study, “Annuitized Wealth and Post-Retirement Savings,” John Laitner and Dmitriy Stolyarov of the University of Michigan and Daniel Silverman of Arizona State call these late-life inter-family transfers...
A Sense that the Worst Is Over
At the IRI annual conference in this quaint colonial village, the annuity industry shared a sense that, after several hellish years, the worst may be over.
QLACs Take Flight, But Will They Soar?
Taxable distributions from qualified longevity annuity contracts can be deferred until as late as age 85. But how popular will they be, and will they be used for longevity...
DTCC Publishes first-half 2014 Annuity Flow Report
The report analyzed almost $104 billion in annuity transactions involving 120 insurance companies (44 parent/holding companies), 583 distributors, and 3,463 annuity products.
Nominal SPIAs Beat Nominal DIAs—But Perhaps Not for Long
“DIAs may represent a more palatable hedge against longevity risk for retirees than traditional annuities, because they are cheaper and therefore provide more liquidity to retirees,” writes Morningstar's David...
‘Changing of the Guard’ Continues in VA Sales
MetLife is selling one-third of what it was two years ago. Prudential is selling half of what it did in the first two quarters of 2012. The biggest gainers...
FIA sales could reach $50 bn in 2014: LIMRA
"This is only the second time we have seen quarterly sales over $60 billion since the third quarter of 2011," said Todd Giesing, senior analyst, LIMRA Secure Retirement Institute...
Forethought launches two new FIAs
“With these new offerings, we have combined our experience in the index annuity market with our strong partnerships with broker-dealers and their advisors,” said Paula Nelson, head of Forethought’s...
Two new annuity contracts from Midland National
Owners of the LiveWell VA can reduce their annual separate account annual expenses to 1.15% from 1.35% if they accept a surrender schedule.
Anatomy of a Success: Elite Access
Jackson National Life's Elite Access variable annuity zoomed from zero to a $1 billion in quarterly sales in less than two years. Using the craze for 'liquid alts' as...
Symetra’s income annuity sales double in 2Q2014
Symetra’s income annuities sales were $89.0 million for the latest quarter, up from $45.5 million in the prior-year quarter, thanks to 'effective selling strategies and a more favorable interest...