Longevity Insurance with an Inter-Generational Twist
In MassMutual's new all-digital deferred income annuity, an adult child is the owner, and receives income when a parent (the annuitant) reaches age 91.
‘RILA’ Sales Boost Annuities Market: SRI
Year-to-date, total annuity sales were $184.2 billion, up 8% from the prior year, according to the Secure Retirement Institute. (Three downloadable charts included.)
Mergers & Acquisitions
RIA consolidators face a $2.4 trillion opportunity: Cerulli
'The major RIA consolidators currently manage a total of $308 billion today, so $2.4 trillion represents a massive growth opportunity,' said a Cerulli release this week.
Honorable Mention
DPL Financial Partners expands insurance platform for RIAs; T. Rowe Price now closer to issuing active ETFs; Financial literacy low among African-Americans: TIAA and GFLEC.
Eagle Life adds new income-focused FIA with roll-up
A 55-year-old couple paying a $100,000 income could withdraw 3.78% of $150,000 ($5,670) at age 65 under the free living benefit and 3.78% of $200,000 ($7,560) under the option with a 1% fee.
COVER STORIES YOU MAY HAVE MISSED
November 14, 2019
Marshmallows and Social Security
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option...
November 7, 2019
How to Choose an Annuity Issuer
Shopping for an annuity, like shopping for a car, involves questions about the manufacturer of the product. Do their products perform as expected? Will service quality be high? Are they likely to stay in...
October 31, 2019
Time to Put Benjamins Back in the Sock Drawer?
At the LIMRA annual conference in Boston earlier this week, MIT economist James Poterba described how low interest rates make saving for retirement more of a challenge.
