Listen to an actuary who put $50k into a five-year indexed variable annuity four years ago as an alternative to CDs. We explain how IVAs are priced, and we tell you how his investment has fared so far.
Indexed or "structured" variable annuities are on track to be a $20 billion business this year. The product, born of necessity, emerged from AXA's Innovation Hub ten years ago.
News from RIJ Subscribers et al
Hear the ‘Stones on iHeartRadio, courtesy of Alliance for Lifetime Income; AM Best says higher reserve requirements hurt life/annuity companies in 1Q2020; AIG adds factor-based global index to its indexed annuity contracts; Schwab says owners of self-directed retirement accounts hold more cash; Empower on path to implementing SEC’s ‘Reg BI'.
'In the wake of the pandemic, retirement and health insurance coverage are likely to be delinked from employer-provided plans in many countries,' writes Olivia Mitchell, executive director of the Pension Research Council at the Wharton School.
Only one in seven advisors believes the average client is very interested in an income-generating product, but 42% of consumers say they are (or already own one), according to a survey conducted by Greenwald & Associates for CANNEX.