Articles on The State of Current and Future of Annuities

House Members Pomeroy and Brown-Waite Introduce “Retirement Security Needs Lifetime Pay Act” on June 8, 2009 | AALU Bulletin
The July issue of the AALU (Association for Advanced Life Underwriting) points out at House Resolution 2748 that proposes tax exclusions for lifetime annuity income payments, exemption of longevity insurance from required minimum distribution (RMD) system, and partial annuitization of deferred annuities. Introduced by Congresspersons Earl Pomeroy (D-ND) and Ginny Brown-Waite (R-FL), the bill cites the needs to allow the accumulation of sufficient assets for one’s retirement even in uncertain economic times. To view the bulletin, please click here.

Frustrations of a Variable Annuity Advocate | Moshe A. Milevsky, PhD.,
A former critic of variable annuities Moshe A. Milevsky, PhD., of York University in Toronto proposes five ideas the insurance companies should implement to make annuities a more mainstream form of retirement financing. Among those steps, Milevsky suggests the industry should reconsider the position of annuities in one’s portfolio, introduce new types of variable annuities, and create a structure for spreading the risk. For a link to the complete article, please click here.

Long Derided, This Investment Now Looks Wise | Leslie Scism, The Wall Street Journal
If variable annuities used to be derided in the times of seemingly never-ending bull market, they now being increasingly accepted as an affordable and stable form of long-term investment, says Leslie Scism of The Wall Street Journal. With the recent stock market plunges, the sales of variable annuities have also taken a dive and forced the providers to offer some unprecedented conditions to new buyers. Coupled with guaranteed annual withdrawal and decreasing fees, variable annuities are becoming a product of choice for financing a comfortable retirement. For a link to the complete article, please click here

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