The Retirement Industry Conference
Want lots of 2013 data on annuity sales and VA rider use? You’ll find it—plus Richard Thaler’s crowd-stumping riddle—in this roundup of news from the recent LIMRA/LOMA/SoA conference in...
Annuities
AIG and nine IMOs launch income-oriented FIA
The "Power Select Plus Income" fixed indexed annuity's income rider allows contract owners to receive roll-up credits even if they take withdrawals during the deferral period. The initiative is...
Symetra doubles its YOY sales of deferred and immediate annuities in 1Q2014
Higher interest rates and wider distribution of Symetra Financial's annuity products through banks and broker-dealers helped improve sales of fixed index and traditional fixed annuities, the company said in...
With New Indexed Annuity, Nationwide Takes a Walk on the Wild Side
In February, Nationwide introduced New Heights, a fixed indexed annuity with an enticing "uncapped" crediting strategy and a novel living benefit rider for the b/d and independent agent channels....
Record year for bank annuity fee income in 2013
Wells Fargo, Morgan Stanley, Raymond James Financial, J.P. Morgan & Co. and Bank of America were the annuity fee leaders in the bank space in 2013, combining for $2.23...
Net annuity cash flow at b/ds fell 19% in 2013: DTCC
December 2013 was the first month of negative net flow into annuities since Analytic Reporting of Annuities, an online service of DTCC’s National Securities Clearing Corporation (NSCC), began collecting...
AIG enhances living benefit of indexed annuities
The Lifetime Income Plus rider is automatically included in Power Index Plus Income, a new index annuity focused on retirement income and designed especially for the financial institution and...
FIA, DIA, and SPIA sales broke records in 4Q 2013: LIMRA
Joe Montminy, assistant vice president, LIMRA SRI Annuity Research, attributed sales growth to rising interest rates, product innovation and “organic growth” in the bank and Independent B-D channels.
Top 20 annuity sellers in 2013
In 2013, Jackson National Life sold $20.9 billion worth of variable annuities and New York Life sold $6.5 billion worth of fixed annuities, to lead those categories. Jackson had...
