‘Income America’ Offers ‘5ForLife’

'Our clients are so past proprietary solutions,” said Scott Colangelo, who brought Lincoln Financial, Nationwide, American Century funds, Vanguard, Fidelity and others together to create Income America 5ForLife, an in-plan 401(k) annuity. 'This won’t be anybody’s single product,' he said. 'No one has ever done that before.” (Photo from Income America brochure.)

How the pandemic affected indexed annuity owner behavior

'Given record low interest rates, and disruptions to sales channels, there was no way to know whether past patterns would continue. We’re intrigued by how some changed—and others didn’t,' said Tim Paris, CEO of Ruark Consulting.

Comfort with CITs has grown: Cerulli

Driven by plan sponsors’ pursuit of lower-cost alternatives, CITs have captured marketshare from mutual funds, says the latest issue of The Cerulli Edge--US Monthly Product Trends report.

Honorable Mention

SEC suspends trading of securities hyped in social media; Mutual of Omaha aims to get ‘Retirement Right’; Americans feel more financial damage from pandemic than in 2008: Allianz Life; MetLife unit reinsures $5 billion in UK pension liabilities; Midland National FIA, offered at RetireOne, will include BlackRock ESG index.


February 25, 2021

Beware the ‘Specialized’ ETFs

In this month's Research Roundup, RIJ shares four recent academic papers on the proliferation of ETFs, the danger (or not) of national debt, rational inflation expectations, and the impact of recent changes in RMD...
February 18, 2021

Jackson National Puts Its Future in Veteran Hands

Laura Prieskorn (left) and Marcia Wadsten are the new CEO and CFO of Jackson National Life. The leading seller of variable annuities in the US is in the process of demerging from its long-time...
February 11, 2021

Which ‘Dependency Ratio’ Should We Use?

Economists typically use the 'aged dependency ratio' to show the burden of the Social Security program on workers. But the 'total dependency ratio' might be more informative. (Photo by Johann Walter Bantz.)