A Fixed Index Annuity with a Dash of Risk
The Momentum Growth contract from Delaware Life introduces a bit of gambling to the FIA product category—but within guardrails, and only with what contract owners might call 'house money.'
F-H-L-B Spells Cheap Cash for Big Annuity Issuers
The largest borrower from the Federal Home Loan Bank (FHLB) system in 2024 was Athene Annuity and Life, at more than $15 billion. For at least 16 other top annuity issuers, FHLB loans are a key source of "fungible," low-cost borrowed capital.
RIJ and ChatGPT Discuss ‘Funding Short’
Life insurers used to be known as champions of 'asset-liability matching,' or ALM. Today, many of them are doing the opposite by 'funding short.' Here's a transcript of RIJ's recent conversation with ChatGPT about the risks and rewards of funding short, and its role in today's annuity business.
Featured
The Fiduciary Rule Delay and Legal Exposure: One Law Firm’s Opinion
This bulletin, written by attorneys at the DrinkerBiddle law firm, interprets the DOL's latest Field Assistance Bulletin regarding the likely delay in the applicability date of the fiduciary rule.
Anecdotal Evidence: What Fee-based Indexed Annuities Reveal
Advisors who recommend the purchase of a no-commission FIA should split the yield advantage more or less evenly with the client. As a fiduciary, how could the advisor justify doing anything less?
News
AIG looks for new CEO
The AIG Companies are among the largest issuers of fixed and variable annuities, with $13.6 billion in total annuities sales through the first three-quarters of 2016.
As expected, Fed nudges target rate higher
'In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 0.75% to 1%,' said a March 15 Federal Reserve press release.
Honorable Mention
Brief or late-breaking items from Voya Financial, The Retirement Equity Laboratory at the New School, and Kehrer-Bielan consultants.
