Two Client-Centric Income Strategies
We compare two easy-as-pie annuity strategies: Income starting at age 80 versus guaranteed income for the first 10 years of retirement. One hedges longevity risk, the other hedges sequence...
Annuities
Survey shows how advisors generate income for clients
A survey by bond dealer Incapital LLC showed that 51% of financial advisors generate income for clients from dividend-paying stocks, 43% from equity income mutual funds, and 43% from...
The Newest Retirement Income Fintech
Kindur, which debuts in January, is a low-cost, digital advice-and-investment-management engine that will help Boomers turn income from annuities and investments into a retirement paycheck. Its founder is Rhian...
FIA sales will exceed VA sales by end of 2021: Cerulli
This article combines Cerulli's latest assessment of the annuity market with third-quarter annuity sales data from the Insured Retirement Institute, Beacon Research and Morningstar, Inc.
2018: A come-back year for indexed annuities
Indexed annuities were once the problem child of the annuity world. Now, having survived the Obama Department of Labor's attempt to corral them, they're more like the darling of...
VA income deferral incentives are working: Ruark
Income commencement rates on guaranteed lifetime withdrawal benefits with 10-year deferral bonuses are highest in year 1 and in years 11+, with low commencement rates in between, according to...
Jackson to reinsure closed block of John Hancock annuities
The transaction involves Jackson indemnity reinsuring approximately $5.5 billion of statutory reserves, representing an increase in Jackson’s general account liabilities of approximately 10%.
Fixed annuities see year-over-year sales improvement: Wink
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...
