Annuities Archives - Page 6 of 22 - Retirement Income Journal

Annuity sales survive COVID-19, but trail 2019: LIMRA SRI

By Editorial Staff Wed, Oct 28, 2020

The bright spot continues to be registered index-linked annuities, or RILAs. Third-quarter RILA sales jumped to $6.4 billion, or 33% over 2Q2020. Year-to-date, RILA sales were $15.8 billion, up 26%...

Published October 29, 2020

AIG brings FIA (with income rider) to market in New York

By Editorial Staff Thu, Oct 22, 2020

AIG annuity product developers had to comply with New York requirements: No explicit fee for the income rider and no notional 'benefit base' for use in calculating annual payouts,...

Published October 22, 2020

Drama in Des Moines

By Kerry Pechter Wed, Oct 21, 2020

Rejecting a takeover bid by Athene and MassMutual, fixed index annuity issuer American Equity will partner with Brookfield Asset Management. The deal releases up to $350m in capital for...

Published October 22, 2020

Another asset manager enters the ‘Bermuda Triangle’ fixed annuity business

By Editorial Staff Thu, Oct 1, 2020

'Aspida’s three-pronged strategy includes executing new reinsurance contracts, pursuing opportunistic acquisitions of insurance companies and issuing new annuity and life insurance products,' an Ares Asset Management release said.

Published October 1, 2020

Honorable Mention

By Editorial Staff

AllianzIM adds two new 'buffered ETFs'; ESG funds, now a political football, haven’t been intercepted; FIDx and Halo partner on annuity/structured product service for advisors; Schwab-TD Ameritrade integration to...

Published October 1, 2020

Why American Equity’s Share Price Spiked Today

By Kerry Pechter

With new management and a new business model, American Equity Investment Life hopes to climb back onto the FIA sales leaderboard. It's using the strategy that RIJ dubbed 'The...

Published October 1, 2020

She’s Got Advice for Life Insurers

By Kerry Pechter

'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance...

Published October 1, 2020

Annuity sales hurt by low interest rate policy: Wink Inc.

By Editorial Staff Thu, Aug 27, 2020

'MYGA sales increased double-digits, while indexed annuity sales declined by double digits. This is a new trend,' said Sheryl Moore, CEO of Wink Inc., the...

Published August 27, 2020

Low interest rates shock sales of most annuities

By Editorial Staff Thu, Aug 20, 2020

Of major product lines, only registered index-linked annuities (RILAs) saw growth in 2Q2020. RILA sales were $4.5 billion in the second quarter, up 8% from 2Q2019, according to LIMRA...

Published August 20, 2020

Life Insurers’ Bermuda Triangle, Part II

By Kerry Pechter Thu, Aug 13, 2020

The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second...

Published August 13, 2020

Low rates are ‘key obstacle’ for U.S. life/annuity firms: AM Best

By Editorial Staff Thu, Aug 6, 2020

Life insurers have exited, re-priced or de-emphasized their most interest rate-sensitive business lines, including individual and group annuities, the ratings firm said in a new report.

Published August 6, 2020

Virus and low-rates cut deep into Q2 annuity sales: LIMRA SRI

By Editorial Staff Thu, Jul 30, 2020

'We believe investors will hold off purchasing income annuity products, hoping interest rates rebound over the next 6–12 months,' said Todd Giesing, senior annuity researcher at LIMRA SRI.

Published July 30, 2020

The Key to Turning On 401(k) Annuities

By Kerry Pechter Wed, Jul 29, 2020

Micruity, a tech startup with a 30-year-old CEO, says it has the "middleware" that can integrate 401(k) plans and annuity issuers. Will the retirement industry listen?

Published July 30, 2020

Wells Fargo’s New Annuity Wagon

By Kerry Pechter Fri, Jul 24, 2020

Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.

Published July 24, 2020

Lincoln rolls out in-plan retirement income option

By Editorial Staff Thu, Jul 16, 2020

The annual cost of the income option is 0.9% of the 'income base.' At age 65, the payout rate for a married couple would be 4.5% of the income...

Published July 16, 2020

Nassau Financial creates Apple app to sell fixed-rate annuities

By Editorial Staff Thu, Jul 9, 2020

The contract, “Simple Annuity,” and the app of the same name will support the sale of the annuity by independent, commissioned insurance agents and by Nassau’s own licensed, salaried...

Published July 9, 2020

Fresh from Midland National and DPL, AllianzIM

By Editorial Staff Wed, Jul 1, 2020

Midland National's new fee-based FIA, only at DPL Financial Partners, has a health-related income multiplier. Allianz Investment Management's structured ETFs have new caps.

Published July 2, 2020

AM Best expects lower annuity sales in 2020

By Editorial Staff Thu, Jun 25, 2020

Drag from the low interest rate environment continues to hurt margins and stifle earnings growth, weakening the industry’s investment returns, an AM Best release said.

Published June 25, 2020

Better than Throwing Darts

By Kerry Pechter

'We have all these insurance agents selling billions of dollars of fixed indexed annuities. But they have few clues about how the crediting rates have performed,'' says Kent Jacquay....

Published June 25, 2020

Nationwide launches suite of variable annuity income benefits

By Editorial Staff Thu, Jun 18, 2020

Nationwide has also introduced an “Income Carryforward” feature. As described in the prospectus, it allows contract owners 'to roll forward one year of unused income during the income phase.'

Published June 18, 2020

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