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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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Ameritas Launches First Annuity Connected to New S&P Index

A new indexed annuity from Ameritas Life Insurance Corp. was recently launched, tracking four indices including the new uncapped S&P 500 Sector Rotator Daily RC2 5% Index. According to a recent article from InsuranceNewsNet, Ameritas Accumulation 7 Index Annuity (Accumulation 7 IA) was released last month to help consumers meet their asset accumulation goals. “The new S&P 500 index was launched on October 19, 2018 and is designed to measure an uptrend in the sectors that provide... Read More

LIMRA Study Shows Younger Investors Interested in Annuities

According to a recent article in PLANSPONSOR magazine, research has shown that individuals who are most likely to be interested in annuities are those who are younger and still working. The study, conducted by LIMRA Secure Retirement Institute (LIMRA SRI), was aimed at learning more about the consumers who were debating the purchase of an annuity but decided not to in the end.   42% of participants claim they were open to the idea of annuities, and consider them good products. They even... Read More

3rd Quarter Report: Fixed Annuity Sales Continue to Rise

Sales of non-variable annuities continue to rise as recently reported in the latest Wink’s Sales & Market Report. According to an article from InsuranceNewsNet, in the third quarter of 2018, sales jumped 4.72% from the prior quarter and a whopping 46.26% when compared to the same period in 2017. Indexed, traditional fixed and MYGA annuity products were included in the report. Third quarter report highlights include: Indexed annuity sales increased more than 2% when compared to... Read More

New Fixed Index Annuity Boasts Flexible Liquidity

According to a recent press release, North American Company for Life and Health Insurance has just launched a new fixed index annuity that offers flexible liquidity while building guaranteed income for life. The Strategic Design Annuity X (SDA X) is the industry’s first fixed index annuity to offer a penalty free withdrawal feature. “SDA X is designed to be as dynamic as life itself,” said Rhonda Elming, North American’s senior vice president of annuity product development.... Read More

Charitable Gift Annuities Offer Win-Win for Many Retirees

Under the new tax law, many investors are finding that donor-advised funds and qualified charitable distributions are the best option for charitable giving, but there’s another choice that might work best for you. A charitable gift annuity could allow you to to meet philanthropic goals while providing a stream of guaranteed retirement income. “A gift annuity may not be a well-known tool, but it can be a wonderful fit, particularly for seniors,” said Jim Soft, planned giving... Read More

Structured Settlements and the Incentives That Complicate Them

Every year, thousands of individuals are involved in accidents that require years of medical care, often funded by a lump-sum financial settlement. Because it can be extremely challenging to manage such care with an all-cash settlement, many end up settling legal claims with a structured settlement. This means they trade a cash settlement for long-term, tax-free income that is funded by an annuity. It’s a wise decision and encouraged by the federal tax code, but did you know that special... Read More

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

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