Jackson National & New York Life Sold the Most Annuities In 2013

The total annuity sales for 2013 were released last month and included some surprises and some results that were expected.  Daniel Williams of LifeHealthPro summarized all of the sales results in the article "Top 20 annuity sales leaders for 2013".  The results are divided into total annuity sales, fixed annuity sales, and variable annuity sales.  Jackson National Life was the top seller in both total annuity sales and variable annuity sales.  They sold $23.2 billion of annuities, $20.9... Read More

Structured Annuities Are An Alternative to Fixed Income Products

One of the newest annuity products is linked to a stock market index, but is not exactly an indexed annuity.  Investment News' Darla Mercado discussed these structured-product annuities in the article "The latest annuity innovation: Contracts with structured products".  More insurance companies are showing interest in these newer products because of their principal protection and the steady growth of the account value.  The focus with structured annuities is not on fast growth, but slow and... Read More

Variable Annuity Industry has Divided Into Two Categories

The landscape of the variable annuity industry has been changing over the past couple of months.  Insurance companies are introducing a range of new variable annuity products that don't offer living benefits.  Some insurers, jilted over the hits they took on variable annuities during the recession in 2008-2009, decided to exit the market altogether.  But others have come up with a new way to sell their variable annuities, one that capitalizes on another benefit of the product altogether. ... Read More

Many Companies Made Variable Annuity Changes Recently

Last month brought about a lot of changes to the annuity market, as May often does.  In Darla Mercado's Investment News article, "It must be May in VA-land: Payout cuts, price hikes, new products," she writes about all of the variable annuity changes common to the month of May.  Changes over the past couple of years have been consistent.  Fees are higher, equity market risk is lower, and living benefits are not offered up as they used to be.  Many companies who sell variable annuities have... Read More

MetLife has Newest Structured Annuity Hybrid

***UPDATE: Are you considering investing in a hybrid annuity? Annuity FYI has done the research for you and selected what we believe are the best hybrid annuities available on the market today. Check out our top hybrid annuity picks, here. ***In her latest article for Investment News, Darla Mercado tells why "Structured products (are) gain(ing) favor."  Using structured products helps insurance companies continue selling annuities while protecting themselves from too much market risk... Read More

Changing Season for Variable Annuities

The annuity market is in a tough spot with variable annuities right now.  They are still good products and offer many investors benefits they can't get anywhere else, but low interest rates have made it hard for insurance companies to keep up the guarantees.  The living benefits have put a strain on insurance companies, so we should all be prepared for upcoming changes.  While they will  make an already complex product even more complex in some cases, changes will help the variable annuity... Read More

2013 Trends for Annuities as a Whole

This blog is, in essence, a continuation of yesterday's blog on what to expect in variable annuity trends for 2013.  But this entry deals with the annuity industry as a whole and what we think will be happening next year.  Producer's Web published a Life Health Pro article, "Annuities: 5 things to expect in 2013," where Maria Wood gives us some hints at changes to come.  Some of the changes I talked about that are likely in store for variable annuities will effect all annuities, while others... Read More

Who Is Selling the Most Indexed Annuities?

The second quarter numbers are in and Sheryl J. Moore has compiled a list of the best in the indexed industry.  According to Insurance Networking News' Carrie Burns, the "Top 10 Q2 Indexed Annuity and Life Insurance Carriers" have been released in a new report.  Annuity Specs' 60th "Indexed Sales & Market Report" accounts for the production of 99% of all of these indexed products.  Moore, the author of the report, is the CEO and President of Moore Market Intelligence.  Indexed annuity... Read More

Variable Annuity Changes from MetLife, Prudential, Hartford

Three life insurance companies are changing their variable annuities in the wake of some tumult in the industry.  MetLife, Prudential, and the Hartford are either updating products or scaling down on variable annuity business, according to Darla Mercado of Investment News.  In her article, "VA changes at major insurers are afoot, executives say," Mercado summarized the changes we can soon expect.MetLife's net income increased by $1.07 billion from last year, to $2.26 billion.  Sales of... Read More

Volatility Managed with New Variable Annuity Tactics

Many big name insurance companies are changing their strategies for managing volatility, according to Investment News's Darla Mercado.  Unfortunately, the financial advisors with which they work don't have a good understanding of the new strategies or exactly why they are being used.  In the article, "New VA strategies confusing to advisors," Mercado says that many advisors are complaining that they don't know enough about these new variable annuity strategies to use them, let alone explain... Read More

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