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Allianz Addresses RMD Challenges

Required minimum distributions, or RMDs, activate for retirement account holders at the age of 70 ½, and for those who don’t need the money that the government requires them to take, they can be problematic. A solution to this unavoidable conundrum isn’t always obvious, but one insurer is trying to fix that.  RMDs mandate that retirement account holders, aged 70 ½ and older, withdraw and pay tax on a percentage of an individual retirement account or 401(l). According to a recent... Read More

Allianz Partners With Orion to Provide Annuity Data

In a press release last week, Allianz Life Insurance Company of North America announced that it would be partnering with Orion Advisor Services, LLC to share annuity data with stakeholders. Orion is a top portfolio management solution provider for registered investment advisors (RIAs), and those utilizing the Orion platform will have access to daily, timely data for all Allianz Life fixed index annuities and indexed variable annuities within Orion’s trading and reporting interface. “We... Read More

Allianz Reports Boom in Buffered Annuity Sales

Further evidence of the recent boom in buffered variable annuity sales has surfaced in the form of third quarter numbers released by Allianz. According to a recent InsuranceNewsNet article, the financial services company claims that sales of these annuity products increased by an impressive 62% when compared to the previous year. Such numbers show that advisors have warmed to the product line in an otherwise struggling variable annuity market. Allianz also reported that fee income from... Read More

Allianz Life Announces New Index Variable Annuities

According to a recent Digital Journal article, Allianz Life Insurance Company of North America has just launched two new index variable annuity (IVA) products. The new annuities, Allianz Index Advantage ADVSM  Variable Annuity and Allianz Index Advantage NFSM Variable Annuity, are modeled after the company’s flagship Allianz Index Advantage® Variable Annuity. They provide a variety of ways to benefit from the balance of performance potential and level of protection. Allianz Index... Read More

Fee-based FIAs Gaining Momentum

The new Department of Labor’s fiduciary rule was designed to steer distributors away from commission-based sales, which has many insurers making changes to their line-ups. Included in these changes are new fee-based fixed indexed annuities for independent marketing organizations. But this sector, which has sold billions of dollars in fixed indexed annuities over the last decade, historically doesn’t show much enthusiasm for fee-based annuities. According to a recent article from... Read More

Criticism of Buffer Annuities: Is it Justified?

Have you heard of "buffer annuities?” They're described as sort of a cross between variable and indexed annuities. Through exposure to structured products like options contracts, they boast a protection to the downside in exchange for a cap to the upside. Several industry players have reported an increase in complaints against these products, but according to a recent article from Investment News, the criticism may not be warranted. One such critic of buffer annuities is Andrew Stoltmann,... Read More

Indexed Annuity Industry Faces Challenges, But Sees Opportunity As Well

There is a lot going on in the annuity industry right now, particularly when it comes to fixed indexed annuity products. LifeHealthPro's Kristen Beckman interviewed Allianz Life's Eric Thomes about the state of the industry in the article "Allianz Life exec: Index variable annuities address market volatility fears." LIMRA SRI's annuity sales survey put Allianz Life Insurance Co. of North America as the 4th highest annuity seller during the first quarter of this year. The company had $3.3... Read More

Four Fee-Based Fixed Indexed Annuities Coming Soon

Variable annuities aren't the only annuity variety undergoing major changes after the DOL fiduciary rule was finalized. Fixed indexed annuity insurers are also developing fee-based products, just like their variable annuity counterparts. Investment News' Greg Iacurci talks about the new products in "Insurers developing fee-based fixed-indexed annuities post-DOL fiduciary rule." Four of the first quarter's top ten fixed indexed annuity sellers are already developing fee-based indexed annuity... Read More

Variable Annuity Decline Shuffles Annuity Sales Leaders

The LIMRA Secure Retirement Institute just published their quarterly annuity sales report detailing the "Top 10 annuity sales leaders" from the first quarter. In an article for LifeHealthPro, Kristen Beckman listed the top sellers and discussed the big power shift between fixed and variable annuities. Their data includes information from 64 companies who make up 96% of all annuity sales. Total annuity sales were $59 billion in the first quarter. Fixed annuity sales of $32.3 billion were higher... Read More

Allianz Life Thinks Indexed Annuities Might Be Dropped From DOL’s BICE

Allianz Life is the top seller of fixed indexed annuity products. Last year, Wink's Sales & Market Report showed that they sold $53 billion of indexed annuities, which was a 33% sales increase from the year before. Allianz Life Insurance of North America is a subsidiary of Allianz SE, a German company. They are headquartered in Minneapolis. Allianz Life held 14.5% of the fixed indexed annuity market share last year as the top seller. The Allianz 222 indexed annuity has been the top selling... Read More

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