Tell Us What You Really Think

At the LIMRA-Society of Actuaries Retirement Industry Conference in Baltimore last week, Scott Stolz from Raymond James, Greg Jaeck from Edward Jones and Jarrod Fisher from Simplicity Financial Distributors delivered frank opinions about annuities and annuity issuers.

Why Indexed Annuity Sales Are So Strong

Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?

Lessons from a Living (DC) Experiment

Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
Featured

Do FIAs Need Income Riders?

A guaranteed income rider makes as much sense on an FIA as it does on a VA and should not be dismissed out of hand, says Garth Bernard, president and CEO of Sharper Financial Group.

Sun Life’s New VA Riders Have New Risk Controls

Steve Deschenes, senior vice president and general manager for annuities at Sun Life Financial (U.S.), told RIJ, “This is not re-starting the variable annuity arms race. It’s a prudent tradeoff between risk management” and attractive guarantees.
News

Social Security Seeks to End Free Loans

“The agency is changing its withdrawal policy because recent media articles have promoted the use of the current policy as a means for retired beneficiaries to acquire an ‘interest-free loan,’” according to the agency.

E&Y offers four keys to success for life insurers

Life insurers "are expected to increase the ease of doing business through investments in technology and lower their resource costs through shared services, offshore captives and outsourcing," an Ernst & Young whitepaper said.

Boomers’ Inheritance Estimated at $8.4 Trillion

A study conducted by the Center for Retirement Research at Boston College for the MetLife Mature Market Institute estimates the median inheritance per person at $64,000. $2.4 trillion has already been received.

Phoenix issues “Medicaid annuity”

A Medicaid annuity allows a couple to zero out its assets, qualify for subsidized long-term care for the ill spouse and provide an income for the non-institutionalized spouse by putting money in a particular type of SPIA.

No more compulsory annuities in U.K.

People with defined contribution pension accounts will no longer have to buy annuities by age 75, and may take out up to a years’ worth of funds before retirement.

The Bucket

Late-breaking items from Guardian, New York Life, Milliman, ING, Principal, Allianz Life, EBRI, MassMutual and more...