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Stay on top of the latest news & trends affecting the annuity industry. Annuity FYI’s annuity blog is regularly updated with original articles covering products, insurance company news and financial expert’s commentary. Whether you are an annuity owner or financial professional, Annuity FYI’s blog will keep you informed.

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New Study: Which Annuity is Right For You?

A study recently conducted by Cannex, an independent company that facilitates the efficient and accurate exchange of pricing and analytics for annuity and bank products between financial institutions, found that there are a number of factors that determine which annuity provides the most income in retirement. Researchers compared income from four types of annuities: single premium immediate annuities, deferred income annuities (DIAs), variable annuities and fixed indexed annuities (FIAs) in the... Read More

Planning to Purchase An Annuity? Consider This First

It seems as if annuities have been a hot topic again as advisers and investors continue to wonder when the next financial crisis will hit. It’s been a decade since the last major downturn causing many folks to start bracing for the next one. Whether looking to maximize the benefits of tax-deferred accumulation or create an immediate stream of protected retirement income, annuities are unique products that might be useful in your portfolio. There are several different types of annuities,... Read More

Retirement News: Family Savings Act Passes House

Earlier this week, the Family Savings Act passed out of the U.S. House of Representatives by a 240-177 vote, according to a recent article from BenefitsPRO. The legislation allows non-related employers to pool workers under one defined contribution plan, relaxing existing regulatory guidance on employer participation in Multiple Employer Plans. The Family Savings Act is one of three bills packaged under Tax Reform 2.0 and originally included 17 provisions intended to relax restrictions on... Read More

Brighthouse Financial Launches Two New Fixed Annuity Products

One of the country’s largest annuity and life insurance providers, Brighthouse Financial, is adding two new fixed annuity products to their line-up, according to a recent article from InsuranceNewsNet. BrighthouseSM Fixed Rate Annuity and BrighthouseSM Fixed Rate Annuity MVA will both be sold through Brighthouse Life Insurance Company, and will “reflect the company’s commitment to providing  tailored set of annuity and life insurance products that respond directly to the needs of... Read More

Ohio National To Exit Annuity Industry

One of the nations top sellers of variable annuities has exited the business, confirming what many experts have been claiming in recent years: the variable annuity market is very challenging. Ohio National Financial Services Inc., has laid off 300 employees in the wake of the change. As of September 15, Ohio National will no longer accept applications for annuities, according to a recent article from InvestmentNews. Of the firm’s $42 billion in total assets under management, $24.9... Read More

Annuities and Retirement Planning: The Bucket Approach

When financially planning for retirement, it is just as important to plan on how to efficiently distribute assets as it is to accumulate them. And while each individual’s retirement income plan is as unique as they are, there is one rule of thumb that can be applied to just about everyone: diversify, diversify, diversify. An effective investor will develop a strategy that protects their income from market fluctuations and identifies the specific purpose for each investment they own. One... Read More

New FIA Suite From Global Atlantic Financial Group

According to a recent press release, Global Atlantic Financial Group has just rebuilt its entire fixed index annuities suite in an attempt to address growing retirement challenges. The overhaul included enhancements to both income and death benefit options, which now offer guaranteed growth of benefits and immunity from market volatility. “Our new annuity products offer benefits that support our continued focus on strategies to help customers save for and protect their lifestyle in... Read More

Eliminate Risks With an Income Annuity

Are you struggling to earn income on your investments in today’s low-rate environment while maintaining a risk level you’re comfortable with? You are not alone. Most retirees are extremely interested in generating more income in retirement, but that can be difficult to do without taking more significant risks.  Let’s face it though, taking risks is not something many look to do with their money. What can you do? Here’s a look at one strategy, recently presented in an article from... Read More

Wink Inc: MYGA, FIA Annuity Sales Soar

According to a recent survey conducted by Wink Inc., sales of indexed annuities and multi-year guaranteed annuity (MYGA) contracts were solid in the second quarter. On the other hand, figures show that traditional fixed annuity products are on the decline. Wink, a Des Moines, Iowa-based firm, has only released preliminary summary statistics for the U.S. deferred individual annuity market for the latest quarter, according to a recent article from ThinkAdvisor.  But those numbers reveal that... Read More

New Fixed Index Annuity from Eagle Life

Eagle Life Insurance Company, a leader in the annuity industry, recently announced the addition of a five-year fixed index annuity product to its line-up. The company specializes in safe, innovative retirement options. According to a press release, the all-new Eagle Select® Focus 5 is a safe-money alternative that was designed for clients who want both safety of principal and growth potential. The new product joins a strong Eagle Select series of fixed index annuities. “People have... Read More

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