Annuity

New RILA from Equitable Offers Protection of Lifetime Income

Equitable, the brand name of the retirement and protections subsidiaries of Equitable Holdings, Inc., has just announced a new registered index-linked annuity (RILA) combining lifetime income options with protection from equity market volatility, according to a recent article from InsuranceNewsNet. The new annuity product, Structured Capital Strategies Income (SCS Income) is geared towards investors who are nearing or just beginning retirement, allowing them to take advantage of equity... Read More

New Fixed Index Annuity Suite from North American

One of the largest issuers of fixed index annuities (FIAs) in the United States, North American Company for Life and Health Insurance, has teamed up with Annexus to release two new innovative retirement solutions. According to a recent press release, North American Secure Horizon is a “highly competitive accumulation FIA in today’s low-interest environment,” while the other, North American Secure Horizon Plus has been designed “to help clients address four of the major risks they can... Read More

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

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

Hands Down, Select Annuities Today Are Better Than CDs

Most of the time, folks weighing the purchase of an annuity ask all kinds of questions. Which type of annuity is best for me and why? What maturity best fits my needs? If I want to dabble in the stock market, should I go “all in” with a variable annuity or hedge my risk with a fixed indexed annuity?These days, though, the annuity landscape is markedly different. The majority of people shopping for an annuity overwhelming have just one question: How can I get a half-way decent rate of... Read More

New Annuity Product for New Yorkers

AIG Life & Retirement has just launched Power Index Premier NY Index Annuity with Lifetime Income Builder, according to a recent press release. The new annuity product was developed exclusively for the state of New York and is the only index annuity that gives residents of the state the option of a living benefit rider. Guaranteed living benefit (GLB) riders often provide lifetime income that keeps up with the rising costs of retirement. The Lifetime Income Builder GLB rider provides... Read More

Symetra Introduces Two New Indexed Annuities

There are two new single-premium indexed annuity contracts available, both coming from the U.S. arm of Sumitomo Life Insurance Company of Osaka, Symetra. Symetra Stride and Symetra Edge Elite are both filed as non-variable annuities featuring crediting rate options linked to the performance of Putnam Investments’ new Putnam Dynamic Low Volatility Excess Return Index, according to a recent article from ThinkAdvisor.Several annuity issuers have limited their annuity offerings with account... Read More

New Non-Variable Indexed Annuity from Nationwide

Ohio-based insurer, Nationwide, has recently launched a new, non-variable indexed annuity in an effort to give consumers more of what they’re asking for: control. Nationwide’s Defined Protection Annuity (DPA) contract gives clients the ability to decide how much protection the insurer provides against market losses, an occurrence many of us are far too familiar with these days. This type of non-variable indexed annuity comes with a protection promise against any loss of account value... Read More

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