Longevity Annuities Are Poised To Take Off This Year

Yesterday's blog post listed some of the reasons why annuities are not in many defined contribution plans and why they are likely to be offered in many more plans in the future.  Jean Chatzky agrees with this and believes that longevity annuities are going to take off this year.  In a recent Fortune Magazine article, she explained "Why 2015 is the year for longevity annuities."  The Employee Benefit Research Institute's 2014 Retirement Confidence Survey found that only 18% of workers are... Read More

AIG Introduces New QLAC for Retirement Plans

The first longevity annuity created specifically to meet the new QLAC federal regulations has been introduced by AIG.  The company's American General Life Insurance Company created the American Pathway Deferred Income Annuity to be eligible as a qualifying QLAC in traditional IRA's.  This information comes from LifeHealthPro's "AIG jumps in with longevity annuity for IRAs," by Marlene Y. Satter.  The IRS changed the requirements for using these annuities in 401k and other retirement plans on... Read More

Large Insurers Introduce New Variable Annuity Products

Despite the negative attention that the variable annuity industry has gotten lately, many insurers are still introducing new products.  American General just released their newest variable annuity, the Polaris Select Investor.  Variable annuities still dominate overall annuity sales and offer benefits to consumers that are unmatched elsewhere.  In Insurance News Net's article, "American General Launches New Variable Annuity," Cyril Tuohy talks about what the new annuity product has to offer... Read More

Allianz Life’s Essential Income 7 Indexed Annuity Included in Wells Fargo’s Platform

Allianz Life is the latest insurer to join Wells Fargo's new indexed annuity platform.  The purpose of this platform is to highlight simpler indexed annuities that have lower commissions.  Darla Mercado of Investment News wrote about this new addition to the platform in the article "Allianz joins Wells Fargo's new indexed annuity platform."  The other insurers already involved in Wells Fargo's platform include AIG, Pacific Life, Symetra, Great American and Nationwide.  A few weeks ago,... Read More

Top Annuity Sellers for the 3rd Quarter

Third quarter annuity sales results were released last month.  LIMRA has released multiple reports detailing the annuity sales totals and the companies selling the most annuity products.  During the third quarter of 2014, annuity sales totaled $58.2 billion.  This total was a 2% decline from the first quarter of 2013.  The total for the first three quarters of this year was $177.7 billion, which is 6% higher than annuity sales during the first nine months of last year.  The variable... Read More

MetLife, Jackson National & AIG Lead Second Quarter Annuity Sales

Each quarter when annuity sales results are announced, there are some changes in leadership.  Although the fixed or variable annuity leaders sometimes stay the same for long periods of time, there is often a mix up in total annuity sales leaders.  During the second quarter of 2014, the top annuity seller was a company that actually had a pretty poor first quarter.  Life Health Pro's Emily Holbrook took the sales results from SNL Financial and summarized them for the article "The top 10... Read More

Higher Interest Rates Contribute to Strong Annuity, Revenue Growth in 2nd Quarter

Second quarter annuity sales results were recently released and the news was good for many insurers.  In the Insurance News Net article, "Annuities Power 2Q Earnings Season," Cyril Tuohy focuses on the positive numbers at four different companies.  Two of the main reasons that annuities had such a good quarter were higher interest rates and increasing fee income in portfolios.  AIG, Prudential, Fidelity & Guaranty Life and Symetra saw significant revenue and sales figures from their... Read More

Jackson National Is The Variable Annuity Sales Leader

A lot of the players in the variable annuity game have scaled back their business.  This leaves opportunity for those insurers who are still interested in selling variable annuity products.  Jackson National Life is one of the companies who is taking advantage of this variable annuity exit by other insurers.  In the Bloomberg News article "Jackson National Takes Big Lead On Variable Annuities As Rivals Scale Back" posted by Financial Advisor Magazine, it says that Jackson National is still... Read More

New Indexed Annuity Benefits From AIG

In a Wall Street Journal press release, AIG announced some big improvements to their indexed annuities.  "AIG Enhances Its Suite of Index Annuities to Offer Guaranteed Rising Income with Principal Protection" says that AIG made these changes to help their clients accumulate their assets and distribute their income.  AIG's indexed annuities are issued through American General Life Insurance Company.  Their indexed annuity products have three goals for their clients: guaranteed income that... Read More

Jackson National & New York Life Sold the Most Annuities In 2013

The total annuity sales for 2013 were released last month and included some surprises and some results that were expected.  Daniel Williams of LifeHealthPro summarized all of the sales results in the article "Top 20 annuity sales leaders for 2013".  The results are divided into total annuity sales, fixed annuity sales, and variable annuity sales.  Jackson National Life was the top seller in both total annuity sales and variable annuity sales.  They sold $23.2 billion of annuities, $20.9... Read More

Annuityfyi.com - Prefooter

Contact

Mailing Address:

1165 NE 105 St.
Miami Shores, FL 33138

Email:

support@annuityfyi.com

Phone:

(866) 223-2121

Follow Us On

Click for the BBB Business Review of this Annuities in Miami Shores FL

Copyright © AFYI Holdings Group, LLC, All Rights Reserved

Share On Facebook
Share On Twitter
Share On Linkedin
Share On Pinterest