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Stay on top of the latest news & trends affecting the annuity industry. The AnnuityFYI 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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Interest Rates and Annuities

Much of the news you hear about in the financial industry revolves around the current interest rate and how it might affect different investment products. You might hear about how one product is a safer bet during periods of low rates, or that you should definitely avoid a certain product until rates improve. But very few articles actually talk about how interest rates affect a product.  Financial education is crucial in creating a path towards financial freedom. In order to make the... Read More

Unhappy With Your Annuity? Consider a 1035 Exchange

When you use money from an existing annuity to buy another one,  the process is often referred to as an annuity exchange. While this action is not extremely complicated or rare, just like any aspect of financial planning, there is important information you should be aware of before doing it. Here’s a look at some of the key factors to consider when debating an annuity exchange, according to the financial experts at Forbes.  If the funds that you use to purchase the annuity are... Read More

Annuity News: Year in Review

Annuities were a hot topic in financial news this year. According to a recent InsuranceNewsNet article both lawsuits and regulation were the most-read annuity stories, but annuity sales, rankings and other topics drew attention too. Here’s a look at the top-viewed annuity news from 2019. AIG Retakes Top Spot in LIMRA 2018 Annuity Sales Rankings The January 2019 story revealed that for the first time in over a decade, AIG Companies were the top seller of annuities. The top five... Read More

Annuity Sales Rules To Be Adopted By Year’s End

As most people nurse their holiday hangover and gear up for the upcoming New Year’s celebration, state insurance regulators are hard at work officially adopting a strengthened annuity sales model law. According to a recent article from InsuranceNewsNet, the Life Insurance and Annuities Committee will hold a conference call to adopt recent revisions of the model law on December 30.  If all goes according to plan and the committee formally adopts the revamped model, it will then go to... Read More

There is Still Time to Trim Your 2019 Tax Tab — But You Have to Act Soon

By Steve Kaufman     We’re in the thick of the holiday season, and this should be as joyous a time as possible for seniors and others. But, as we move into the very end of the year, it’s also time to start thinking about the income taxes we’ll have to pay to Uncle Sam in just a few months. This isn’t fun, and it typically requires more effort among seniors than younger folks because far fewer of them have jobs that automatically deduct their payroll taxes all... Read More

Annuity Sales Model Moves Forward

Last Sunday, the Life Insurance and Annuities Committee met at the NAIC Fall Meeting in Austin, Texas. The agenda: strengthened suitability in annuity transactions model law.  According to a recent article from InsuranceNewsNet, the Annuity Suitability Working Group worked on the annuity sales model for a year and a half before voting to finalize it on November 5. At that point, the committee instructed the group to work out the kinks and report back. Now, the committee has adopted the text... Read More

Fixed Indexed Annuities Set for Comeback

Historically, fixed indexed annuities have gained favor with investors who like the idea of participating in market gains while protecting their principal. Couple this with a guaranteed stream of income in retirement and it’s not hard to understand why these annuities have been the most popular product in retirement planning. In recent years however, indexed annuity sales have flattened after the Depart of Labor’s fiduciary rule focused on the commission based sales of the... Read More

Worried About Your Parents Running Out of Cash in Retirement? MassMutual Has You Covered

Did you know that one out of every three 65-year-olds today will live past the age of 90? As life expectancy continues to rise, individuals are faced with not only the issue of funding their own (potential) 30-year retirement, but also that of their parents. In response to this conundrum, MassMutual has announced a new product that Boomers can purchase to assist their parents avoid the risk of running out of money in retirement. According to a recent article from 401(k)... Read More

What is a Flexible Premium Deferred Annuity?

If you are considering the purchase of an annuity for retirement income, you’re not alone. With traditional pensions becoming more and more scarce, investors who are looking to replace the steady stream of income in retirement are finding that annuities are one of the only products that can provide one. But not all annuities are alike, and before signing on the dotted line, it’s crucial that you do your due diligence in educating yourself on the options.  One option is the... Read More

Today’s Annuity News

Here’s a look at some of the recent happenings in the annuity industry, according to ThinkAdvisor.  There are two new indexed annuities available from Security Benefit Life Insurance Company. Both are part of the new Strategic Growth Series Annuities family and are filed with regulators as non-variable contracts.  The Strategic Growth Annuity contract is aimed at purchasers who are looking for high participation rates and spreads and comes without a bonus, according... Read More

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