In this second article in a four-part series on the fixed index annuity (FIA) business, we profile Allianz Life, the top issuer of FIAs in the US in 18 of the last 19 years. (Image, in Allianz blue, is from an Allianz Life video.)
In this second part of today's cover story, we look at the long-standing distribution and marketing strategies that have kept Allianz Life atop the index annuity sales charts.
A 25-year-old who purchased this contract today with a single payment of $10,000 could expect a lifetime income of $2,377 a year for life starting at age 65, according to Integrity Life.
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'Consumer sentiment about annuities also appears to fluctuate based on the prevailing market environment,' according to a new study from CANNEX and Greenwald & Associates.
Wink to provide insured product sales data by index; Participants are new to (and naïve about) investing: Schwab; iPipeline partners with Atidot, a data mining firm; Fidelity and asset manager to finance RIA M&A; Help (but not more money) is available for workers feeling financial stress; Walker to succeed Rasmussen as Nationwide CEO.