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.
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).
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.
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
'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.
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.
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.