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AnnuityFYI’s Annuity Blog

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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IRS Ruling Favors Fee-Based Annuities

A new tax ruling from the Internal Revenue Service has the potential to increase the use of annuities by registered investment advisers, according to an article from InvestmentNews. A private letter furnished by the IRS to insurer Nationwide issued a ruling that allows RIAs to pull advisory fees from the cash value of a non-qualified fee-based annuity without any tax consequences, contradictory to previous rules.  “That’s a game changer for fee-based annuities,” said Sheryl... Read More

Jackson Updates Variable Annuity Suite, Teams With Fidelity

In an effort to streamline a slew of add-on options to its variable annuity line, Jackson National Life Insurance Company® has just announced several benefit updates. Among those updated include Perspective II and Perspective Advisory II, according to a recent Yahoo!Finance article.  In addition to the updates, Jackson also introduced LifeGuard Freedom Accelerator and Accelerator DB, two new benefits added to the Perspective family of VAs. LifeGuard Freedom Accelerator offers higher... Read More

Take Advantage Of Growth Opportunity and Risk Protection With Athene’s New Annuity Product

Athene USA has just launched a new registered index-linked annuity (RILA), and according to a recent InsuranceNewsNet article, the design features set it apart from other products in this fast-growing category. Athene® Amplify offers greater asset accumulation potential with a level of market protection that other products may not provide.  “Athene Amplify, our first registered index-linked annuity, is designed to become a preferred accumulation solution for investors seeking more... Read More

Put Retirement Worries To Rest With An Annuity

For many, the thought of retirement is both jubilant and worrisome. While the idea of spending time away from the office and with the ones you love is magnificent, the fear of funding can be paralyzing. If you worry about running out of money in retirement, you are certainly not alone. Studies have repeatedly shown that one of the top concerns of current and soon-to-be retirees is not having the income to last the long haul.  This fear is certainly founded. For generations, our relatives... Read More

Great American Life and Barnabas Capital Team to Offer New Annuity Products

Great American Life has teamed up with Barnabas Capital to offer 2 new variable annuity products. Index Frontier® and Index Summit 6sm variable-indexed annuities were created for investors who are not satisfied with low fixed-income yields and want more protection than that provided by equities. According to a recent Yahoo!Finance article, these products offer competitive earning potential and partial protection from market loss, which makes them attractive in a volatile market. When... Read More

Leading Annuity Provider Updates Products

According to a recent press release, leading financial services company, AXA Equitable Life has just released an enhanced version of Retirement Cornerstone®, its multi-stage variable annuity. Updates to its market-leading structured annuity, Structured Capital Strategies®, were also announced. Both were developed to help clients build wealth and create protected lifetime income, all while mitigating risk and keeping pace with inflation.  “With these new enhancements we are providing a... Read More

Jackson National Launches New MYGA

Wink’s Sales and Market Report for the first quarter of 2019 shows that the sales of multi-year guaranteed annuities (MYGAs) have grown almost 80% in the last year, and Jackson National Life Insurance Company is jumping on board. The launch of Jackson RateProtector, a single premium MYGA was announced yesterday, offering consumers the opportunity to protect and grow their assets through guaranteed interest rates that will not fluctuate during a selected time period. The press release also... Read More

1st Quarter Annuity Sales Released

First quarter 2019 annuity sales figures were recently released with fixed and variable annuity sales hitting $57.8 billion combined. According to an InsuranceNewsNet article, this is a 3.6% drop when compared to the fourth quarter of 2018, but still a whopping 17.5% above levels from a year ago. Fixed annuity sales reached $37 billion in the first quarter, only a slight decrease from the fourth-quarter 2018 sales of $37.1 billion. The small drop pales in comparison to the year-to-year... Read More

SEC’s New Best Interest Standard Met With Mixed Reviews

Earlier this week, the U.S. Securities and Exchange Commission approved the SEC’s Regulation Best Interest: The Broker-Dealer Standard of Conduct (Regulation BI). The SEC started working on the Reg BI project after the U.S. Department of Labor started experiencing difficulties in implementing its own fiduciary rule regulations, according to a recent article from ThinkAdvisor. The new regulation is set to have a compliance date of June 30, 2020. The new standard will require broker-dealers... Read More

Great American Life Launches Unique New Annuity Product

A recent collaboration between Great American Life and Raymond James has produced a new type of variable-indexed annuity. The Index Summit 6℠ is the first of its kind, offering crediting strategies with both upside and downside participation rates. According to a recent InsuranceNewsNet article, the breakthrough product will only be offered through financial institutions, banks and independent broker dealers. Currently, the crediting strategies feature a 50% downside participation rate... Read More

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