Annuities

Generating Lifetime Income From Your Retirement Savings

For many, the “savings” part of retirement planning is the easy part. It’s figuring out how to turn that savings into a steady income that can be tricky, especially when wanting that income to last a lifetime. Are you confident about having enough income to last for your retirement?Social Security, while providing a steady supplement, only makes up approximately 40% of the average wage earner’s pre-retirement income, according to a recent article from The Street. With the... Read More

Study Finds People Want Guaranteed Income but Not Annuities

How would you like to have a guaranteed stream of income in retirement? Most people would jump at the opportunity. How do you feel about adding an annuity to your retirement portfolio? According to a recent InvestmentNews article,  fewer would be interested in this option. While annuities have been around for thousands of years, many still aren’t sold on them, in large part because of the name. A recent study of over 1,000 Americans over the age of 30 found that people were more likely... Read More

Are You Holding Your Retirement Portfolio Back? Annuity Myths Debunked

Annuity sales continue to make headlines as more and more consumers add them to their retirement planning portfolios. For those familiar with the products, it comes as no surprise, especially knowing that guaranteed lifetime income provides a peace of mind in retirement that nothing else can. However, there are still many people who steer clear of annuities, usually because they just don’t understand them. While it’s true that these retirement products aren’t appropriate for everyone,... Read More

Allianz Life Adds Annuity to Line-up

Allianz Life Insurance Company of North America is entering the retirement plan business with a new annuity product intended for employer-sponsored retirement plans. According to a recent FA Magazine article, Allianz Lifetime Income+ Annuity offers guaranteed income meant to supplement Social Security and pension income.“Participants face many risks in retirement, including longevity, inflation, market volatility and the need for growth and flexibility to adapt to changing... Read More

Guaranteed Lifetime Income with New Prudential Annuity

Prudential Financial Inc. recently launched a new indexed variable annuity, FlexGuard® Income, meant to provide customers with investment strategies geared towards growth potential while offering different levels of protection.“Today’s financial challenges require new and different solutions,” stated Dylan Tyson, president of Prudential Annuities, in a recent Business Wire press release. “Investors have individualized goals and comfort levels for risk. They need customizable... Read More

Fiduciary Rule Rumors

Is the Department of Labor revisiting previous plans for a fiduciary rule? Some experts believe it is possible. On February 16 of this year, the Biden administration allowed the Trump’s  investment advice rule to take effect, but rumor has it that they plan to rework exemptions to look more like the Obama-era fiduciary rule, according to an InvestmentNewsNet article. The former fiduciary rule included significant restrictions and liability on the selling of annuities, which is... Read More

Why Wait? Now is the Best Time to Purchase a Fixed Annuity

The popularity of fixed annuities has grown quite a bit recently, and it isn’t hard to figure out why. Tax deferral and guaranteed rates are just two of the perks offered with these retirement planning tools. However, with interest rates at historic lows, many consumers are wondering if they should wait to purchase in order to lock in a higher rate. According to a recent Kiplinger article, waiting is not recommended and could actually put you behind in your retirement savings. It is... Read More

New Lifetime Income Benefit from AIG

One of the leading providers of annuities, AIG Life & Retirement, recently announced a new protected lifetime income benefit. The new Lifetime Income Choice is available for The Power Series of Index Annuities exclusively through independent marketing organizations (IMOs), according to a BusinessWire press release. The benefit guarantees income growth while offering flexibility, including an option to receive more income earlier in retirement.There will be two options available with the... Read More

American Equity Updates Fixed Index Annuity Line-up

The AssetShield fixed index annuity, American Equity Investment Life Insurance Company’s headlining accumulation product, is about to get a facelift. According to a recent press release, the leading underwriter of fixed index annuities plans to offer more multi-asset index options as well as an option to purchase a higher rate on crediting strategies for additional growth potential. The 5, 7, and 10-year annuity product line aims to give clients a guaranteed income with safe asset growth... Read More

MassMutual Acquires Great American Life

Massachusetts Mutual Life Insurance Co. has doubled down on its retail annuities business with the latest acquisition of a major annuity provider. Last Wednesday, MassMutual announced that they would purchase Cincinnati-based Great American Life Insurance Company for $3.5 billion. Great American, which is owned by American Financial Group, provides fixed and fixed indexed annuities. Over the first three quarters of 2020, the company ranked 13th in fixed annuity sales, at about $2.4... Read More

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