Envestnet, with the help of six major annuity issuers, has built a platform where advisors from broker-dealers, banks and RIAs can blend insurance products and investments in the same financial plan. It's a service life insurers can't live without. But will RIAs embrace annuities?
In stories about annuities, even in the Wall Street Journal, writers seem to assume that annuities are a single product, and not five or six financial products with overlapping but distinct purposes.
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Although it looks like the Fed will yield to pressure for an interest rate reduction, our guest columnist thinks the US economy will be able to reach its target inflation rate without one.
'Life iinsurers have steadily increased their allocations to Class 2 bonds, with BBB rated bonds having the highest exposure. Allocations to collateralized loan obligations and holdings in mortgage and alternative assets have also increased, AM Best noted.