Compensation-wise, income annuities can backfire for many advisors. An industry committee wants to solve the problem, but it’s not easy.
In this last article in our series on fixed indexed annuities, we consider the potential role of FIAs in providing retirees with guaranteed lifetime income. We find FIAs to be valuable, but underused for that purpose.
FIA owners can pick from an array of choices as cryptic as those on a roulette table. But if they don't understand options, how can they evaluate these safe but esoteric insurance products?
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.)
Cogent Research has tapped into the attitudes of wealthy retirees and pre-retirees toward retirement income products.
A survey suggests that not all is rosy in 401(k) land. At 120 large plans, the median account balance is under $25,000, 30% of participants have loans, and 3-year annualized returns are under 2%.
Year-over-year, the election rate fell by one percentage point, to 86%, in the first quarter of 2011 for all types of guaranteed living benefits.
Generally, low levels of ability to access $2,000 on short notice correlated with low income. But the researchers were also surprised to see so many high-income households without $2,000 readily at hand.
A new white papers shows that plan participants want flexibility, safety, advice, sponsor oversight and fee transparency from financial products and service providers.
Brief or late-breaking items from DST, Lincoln Financial, Symetra and Prudential.
Two weeks ago, when Prudential plc's CEO told analysts that he envisioned unspecified risk reductions in Jackson National's VA by end of year, he clearly didn’t realize that his statement could muddy Jackson's well-honed "story."