What Advisors Want from Annuity Issuers
This week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
For Advisors
A Chronicle of ‘NARIA,’ Nationwide’s Income-Generating VA for RIAs
The 'Nationwide Advisory Retirement Income Annuity' has no commission or surrender schedule and offers RIA clients a choice of 130 investment options. The income rider costs 80 basis points per year (95 basis points for the joint contracts).
Side-by-Side Comparison: A VA Minimum Accumulation Benefit Rider vs. an Index Annuity
Which of these two types of annuity contracts was able to offer the best principal protection and upside potential over a 10-year period? CANNEX tested them over 10,000 randomly generated scenarios. The experiment was sponsored by New York Life.
Honorable Mention
Global Atlantic and RiverSource complete reinsurance deal; Empower Retirement partners with advisory firms on 401(k) managed accounts; Among women, good intentions about retirement go unfulfilled: Lincoln; Life/annuity industry income rises 8.5% in 2018: AM Best
Interest Rates
Understanding the Fed’s Dovish Turn
'The Fed has had to demonstrate its independence in the face of political pressures. In December, when it signaled further rate hikes, Trump had been calling for a pause,' writes our guest columnist, a professor at New York University's Stern School of Business.
Sales Statistics
Fixed Annuities, Unchained!
AIG ranked as the top carrier overall for non-variable deferred annuity sales in the fourth quarter of 2018, with a 9.8% market share. Total sales of MYGAs (multi-year guaranteed-rate annuities) for 2018 were $41.3 billion, up 36.1% from the previous year. AXA US ranked as the top carrier in structured annuities, with a market share of 40.8%. Sales data were reported by Wink, Inc.
AIG tops annuity sales for first time since 2007: LIMRA
The top five sellers of total annuities in 2018 representing 32% of market share were AIG Companies, Jackson National Life, New York Life, Lincoln Financial Group and Allianz Life of North America. The top 10 companies held a 53% market share in 2018.
COVER STORIES YOU MAY HAVE MISSED
March 14, 2019
Talking Annuities with AIG’s Todd Solash
Solash, who leads AIG's Individual Retirement business, spoke with us about the company's approach to the annuity market. The NAIC recently reported AIG's overall Life and Retirement businesses as having an industry-leading $18.4 billion...
March 7, 2019
Risks that Can Ruin a Retirement, Part II
In retirement, "risk" can turn from an object of pursuit to an object of avoidance. In the second installment of a two-part article, our guest columnist continues his discussion of financial and other risks...
February 28, 2019
Risks That Can Ruin a Retirement
In the first of a two-article series, the retirement expert, author and editor enumerates and describes the many risks that retirees face. (Spoiler alert: Mortality is not one of them.)
