New Fixed Index Annuity Balances Growth and Protection

One of the many goals of most retirement planners is learning how to balance growth potential with principal protection when markets get volatile. In an effort to address this concern, Midland Retirement Distributors, a distribution business of Sammons Institutional Group, has launched a new fixed index annuity. According to a recent press release, Summit Navigate was designed for consumers who are close to retirement, layering two interest-crediting strategies to help calm nerves in this... Read More

1st Quarter Registered Index-Linked Annuity Sales Soar

First quarter annuity sales numbers are in, and registered index-linked annuities (RILA) were the big winners. When compared to the previous year’s results, RILA sales jumped 38%  to $4.9 billion, according to the final numbers released by the Secure Retirement Institute U.S. Individual Annuity Sales Survey.“Current market conditions favor RILA products more than fixed indexed annuities (FIA) as the increase in market volatility will help support crediting rates in RILAs,” said... Read More

Study: Annuity Education Promotes Positivity

A recent study from the Secure Retirement Institute has shown that consumers who are more educated about annuity products seem to have stronger feelings about them. In fact, according to a recent ThinkAdvisor article, the increased knowledge leads to more positive views.Study participants took an annuity knowledge quiz and answered a series of questions about whether they had positive or negative views about annuities. Less than half of the participants with scores of 0 to 3 on a 10-point... Read More

New Variable Annuity from Transamerica

Last week Transamerica, a leading provider of life insurance, retirement and investment solutions, announced the launch of the Transamerica Advisory Annuity, a new low-cost variable annuity. The innovative product offers investors the following benefits, according to a recent article from Herald-Mail Media:Lower cost - average annual fees are more than 70% lower than recent industry averages by Morningstar, Inc. as of December 2018 Choice of death benefits - policy value or return of... Read More

New Study: 4% Rule Is Out, Annuities Are In

The so-called 4% rule has been the standard advice given from financial professionals for several decades now. This method recommends clients withdraw 4% of their assets each year in order to provide income while maintaining enough principal to last throughout retirement. While the concept of the rule was appropriate for the time it was created, it isn’t as applicable in today’s environment. When the 4% rule was created, interest rates were much higher, capital markets were less... Read More

Legacy Launches New Fixed Index Annuity

Legacy Marketing Group has just launched a new fixed index annuity issued by Ameritas Life Insurance Corp, an “A” rated provider. IncomeMark Select was designed to provide performance-driven income and is best paired with the MyGrowth Income Rider Guaranteed Lifetime Withdrawal Benefit (GLWB). Together the products ease the fears of soon-to-be retirees who are concerned about outliving their money, rising expenses and paying for healthcare.“With the performance-driven MyGrowth Income... Read More

Annuity Advantages

An annuity is a contract between you and an insurance company, whereby you give the insurer your premium dollars, and in return the insurer guarantees you certain benefits. While annuities are not life insurance policies, they are typically issued by life insurance companies and are considered insurance products. All annuities offer tax advantages, but they are all unique depending on the type of annuity product purchased. Here’s a look at 9 distinct advantages available via the plethora... Read More

Annuity Sales Continue to Break Records

The Secure Retirement Institute Fourth Quarter U.S. Annuity Sales Survey was recently released showing the best annuity sales in over a decade. According to a recent InsuranceNewsNet article, annuity sales in 2019 topped $241.7 billion, increasing 3% over 2018. Despite the overall sales being the best since 2008, annuity sales in the fourth-quarter actually dropped 8% when compared with the same time period in 2018.“Fixed annuity sales have driven the overall growth for the annuity... Read More

AIG Launches New Index for Annuities

Last week, AIG Life & Retirement launched the new AB All Market Index that was developed exclusively for AIG’s Power Select Index Annuities by AllianceBernstein (AB). According to a recent Wealth Advisor article, the multi-asset index will be distributed primarily through Market Synergy Group (MSG). The AB All Market Index is not available for direct investment, similar to other indexes in an index annuity, but the performance directly contributes to the determination of the interest... Read More

Unhappy With Your Annuity? Consider a 1035 Exchange

When you use money from an existing annuity to buy another one,  the process is often referred to as an annuity exchange. While this action is not extremely complicated or rare, just like any aspect of financial planning, there is important information you should be aware of before doing it. Here’s a look at some of the key factors to consider when debating an annuity exchange, according to the financial experts at Forbes. If the funds that you use to purchase the annuity are... Read More

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