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Annuity Savings Higher with Aging Simulation

According to Insurance & Technology’s Anthony O’Donnell, people say they will save more money for their future when they are shown a simulation of themselves in retirement age.  His article “New Life & Annuities Sales Tool: Aging Simulation” says that Allianz Life is likely to …

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Annuity Purchases Rise

There are two reasons for an increase in annuity purchases, according to Mark Huffman of Consumer Affairs.  His article “Should You Consider An Annuity?” says that the stock market collapse in 2008-2009 led many people to annuities.  After losing a significant chunk of their investments, …

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Immediate Annuity Stats

LIMRA recently gathered data about immediate annuity products, according to the Insurance Networking News article “Immediate Annuities Are Big-Ticket Items” by Howard J. Stock.  While immediate annuities are certainly not the largest annuity product in terms of sales, they accounted for $7.5 billion in 2009.  …

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Variable Annuities Increase Sales

Jackson National Life Insurance Company saw a 37% increase in sales during the first three quarters of this year, due mostly to a great increase in sales of variable annuities.  In the Annuity News Journal article “Jackson National Sales Rise To $14 Billion,” Christi Roberts …

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