Fidelity adds USAA SPIA to its annuity platform
'Annuities, when designed and used appropriately, can help investors address key financial needs,' a Fidelity spokesman told RIJ.
Annuities
How to Choose an Annuity Issuer
Shopping for an annuity, like shopping for a car, involves questions about the manufacturer of the product. Do their products perform as expected? Will service quality be high? Are...
Five Questions to Ask about an Annuity Issuer
'I recommend that an adviser develop his or her own criteria and put together a template, similar to an RFP, with questions to have answered when considering an annuity...
Time to Put Benjamins Back in the Sock Drawer?
At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.
Pitching Income Annuities on Greed
Speakers Wade Pfau and Curtis Cloke showed planners at the Financial Planning Association's 2019 conference in Minneapolis that income annuities can provide growth as well as protection.
The life of RILAs is improving
Through the first half of 2019, sales of RILAs totaled $7.7 billion, up 63% over the same period in 2018, and accounted for nearly 16% of industry-wide variable annuity...
Joint venture eyes distressed annuity books
A private equity firm and a pair of tech experts from Apollo Global and Aflac have up to $500 million to buy or reinsure risk-laden annuity books from life...
‘Safety First’ Income Plans, Per Wade Pfau
Pfau's new book shows the benefits of replacing bonds with annuities for less risk and more income in retirement.
Federal judge dismisses adviser suit against ONL
The judge rejected the claim that Ohio National Life was obligated by its distribution contract with LPL to keep paying trail commissions on the sale of variable annuities to...
Income-producing funds from New York Life
Short-term high-yield funds, insured municipal bond funds: These vehicles offer out-of-the-ordinary options for yield hunters, says the fixed annuities sales leader.
Making Income Rise as Health Declines
A fee-only adviser in Philadelphia used 'medically underwritten' or impaired annuities from Mutual of Omaha to increase the retirement incomes of older, single men in declining health.
TD Ameritrade to sell its first indexed annuity, a Pacific Life contract
'The settlements are part of an ongoing, industry-wide investigation into immediate annuity replacement practices in the state,' regulators said.
A VA Rider Designed for Inheritances
Wealth Pass, a new Lincoln Financial variable annuity rider, makes it easy for IRA or VA beneficiaries to spread inheritances over their life expectancies.
Vantis Life to sell fixed annuities direct to the public
The two direct-sold products are the TaxSaver Freedom ROP and TaxSaver Freedom MYGA. Vantis Life is a unit of Penn Mutual Life.
More up ratings than down among U.S. insurers: AM Best
AM Best cited an improvement in risk-adjusted capitalization stemming from the Tax Cut and Jobs Act, a modest increase in interest rates in 2018, and expense reductions.
At the RIA Dance, Annuities Look for Partners
Nationwide Advisory Services and Great American announced moves this week aimed at making their fee-based annuities attractive and accessible to Registered Investment Advisors.
Pacific Life’s new 5-year VA/GMAB rider sets -10% floor
'Unlike a structured variable annuity, there’s no cap on investment returns, so contract owners' earning potential is unlimited,” said Pacific Life senior vice president Brian Woolfolk.
Deferred annuity sales up 6% in 2Q2019: Wink
Sales of traditional fixed annuities were down nearly 10% from the prior quarter but up more than 21% over the second quarter last year, according to Wink's Sales &...
FIA sales break quarterly sales record (again): LIMRA SRI
'The 10-year treasury rate dropped nearly 50 basis points from the start of the second quarter,” said LIMRA's Todd Giesing. 'We anticipate sales of fixed-rate deferred annuities to substantially...
A Second Structured Annuity Offers Income
CUNA Mutual Group invades Allianz Life airspace by launching 'Zone Income Annuity.' It's the only structured index annuity besides Allianz Life's Index Advantage Income to offer a lifetime income...
