Annuity Sales Model Moves Forward

Last Sunday, the Life Insurance and Annuities Committee met at the NAIC Fall Meeting in Austin, Texas. The agenda: strengthened suitability in annuity transactions model law. According to a recent article from InsuranceNewsNet, the Annuity Suitability Working Group worked on the annuity sales model for a year and a half before voting to finalize it on November 5. At that point, the committee instructed the group to work out the kinks and report back. Now, the committee has adopted the text... Read More

Today’s Annuity News

Here’s a look at some of the recent happenings in the annuity industry, according to ThinkAdvisor. There are two new indexed annuities available from Security Benefit Life Insurance Company. Both are part of the new Strategic Growth Series Annuities family and are filed with regulators as non-variable contracts. The Strategic Growth Annuity contract is aimed at purchasers who are looking for high participation rates and spreads and comes without a bonus, according... Read More

State Regulators: No On ‘Best Interest’ Annuity Sales Rule

State insurance commissioners have been debating annuity regulation proposals for quite some time, and it appears that the conflict has yet to be resolved. According to a recent Financial Advisor Magazine article, the latest NAIC draft annuities regulation that was recently approved stopped short of creating a regulation that would require agents to put customers’ “best interests” first. A reluctance to replace the word “suitability” with “best interest” is... Read More

Annuity Sales: Upward Trend May Be Coming to a Close

Second quarter annuity sales numbers are in and once again the products sold at a level unseen in more than a decade. According to a recent article from FinancialPlanning, while sales topped $60 billion, there’s a good chance that the upward trend is coming to a close. LIMRA Secure Retirement Institute has claimed that lower interest rates will push down annuity sales for the remainder of the year. Fixed-rate deferred annuities might just be the hardest hit with the lower... Read More

IRS Ruling Favors Fee-Based Annuities

UPDATED: August 27, 2019Allianz Life Insurance Company of North America has become the fourth insurer to receive a tax ruling from the IRS allowing advisors to get their fees directly from the assets inside a client’s annuity contract, without creating any tax consequences. The ruling, which was passed down via private letter, applies to individual variable annuities held outside individual retirement accounts and indexed annuities that are filed as fixed insurance products and held... Read More

Take Advantage Of Growth Opportunity and Risk Protection With Athene’s New Annuity Product

Athene USA has just launched a new registered index-linked annuity (RILA), and according to a recent InsuranceNewsNet article, the design features set it apart from other products in this fast-growing category. Athene® Amplify offers greater asset accumulation potential with a level of market protection that other products may not provide. “Athene Amplify, our first registered index-linked annuity, is designed to become a preferred accumulation solution for investors seeking more... Read More

New Annuity Products from National Life Group

In an effort to help Americans build and protect their retirement savings, Life Company of the Southwest, a member company of National Life Group, has introduced a series of single premium deferred annuities and Guaranteed Lifetime Income Riders. According to a recent press release, the new products are called the Financially Independent for Tomorrow (FIT) series.“With Americans living longer in retirement, providing more innovative savings solutions is paramount,” state Scott Edblom,... 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