Fixed Annuity

Considering a Fixed-Rate Annuity? Check This Out First

One of the most popular annuity products is the fixed-rate, or multi-year guaranteed annuity. This relatively simple product offers guaranteed income and higher rates than most competing products, making it a good choice for many. But with so many annuities available today, it’s critical to do a little research and learn which one is best for you and your unique needs. Here’s a deeper look at fixed-rate annuities, including several questions to ask before committing, as detailed in a recent... Read More

Annuity Advantages

An annuity is a contract between you and an insurance company, whereby you give the insurer your premium dollars, and in return the insurer guarantees you certain benefits. While annuities are not life insurance policies, they are typically issued by life insurance companies and are considered insurance products. All annuities offer tax advantages, but they are all unique depending on the type of annuity product purchased. Here’s a look at 9 distinct advantages available via the plethora... Read More

DPL Teams with Security Benefit to Offer New MYGA

The insurance network for registered investment advisors, DPL Financial Partners, has just announced an exclusive agreement with Security Benefit Life Insurance Company to offer a four-year version of Security Benefit’s Advanced Choice Fixed Annuity to RIAs across the country. According to a recent press release, Advanced Choice is a multi-year guaranteed rate annuity (MYGA) product, and it will only be offered commission-free through DPL.“With volatility in the market and people... Read More

Wink Inc: MYGA, FIA Annuity Sales Soar

According to a recent survey conducted by Wink Inc., sales of indexed annuities and multi-year guaranteed annuity (MYGA) contracts were solid in the second quarter. On the other hand, figures show that traditional fixed annuity products are on the decline.Wink, a Des Moines, Iowa-based firm, has only released preliminary summary statistics for the U.S. deferred individual annuity market for the latest quarter, according to a recent article from ThinkAdvisor.  But those numbers reveal that... Read More

Tax-Sheltered Annuities 101

Annuity products can be very valuable tools in financing a retirement. While they don’t make sense for everyone, many can benefit from the guaranteed lifetime income payments provided by an annuity. Unfortunately, because some products are rather complex, there are many misconceptions, giving them a bad reputation. One of the best ways to overcome this issue is through financial education. Today, let’s look at one type of annuity, tax-sheltered annuities, and break down the basics (with... Read More

Top FIA Myths and Why They’re Wrong

Did you know that more than 25 million Americans, aged 60 and over, are living at or below 250% of the federal poverty line, making them economically insecure? It’s understandable why so many retirees are fearful of outliving their money. While Social Security helps, it often isn’t enough to support a full retirement, leaving millions of people in our country struggling to build-up retirement savings to survive on. There are few options for generating income in retirement, especially income... Read More

Fixed Annuity With Income Stream Makes for Happy Retirees

Perhaps the biggest financial challenge facing us today is how to turn our retirement savings into income. In "Advisors Challenged To Convert Savings To Retirement Income," Financial Advisor's Juliette Fairley discussed some of the findings from a recent IRI survey. The Insured Retirement Institute found that 80% of retirees who have at least $50,000 saved get income from an annuity or pension. But pensions will be few and far between in the future, so the focus on annuity products for... Read More

Fee-Based Annuity Models Versus Commission-Based

It's no secret that a lot of annuity organizations and experts think that the Department of Labor made a big mistake with their fiduciary rule. Some don't agree that indexed annuities should have been included with variable annuities, while others think that the BICE guidelines will not really be in the best interest of consumers. Kim O'Brien wrote an article about this for Insurance News Net called "The Compensation Conundrum: Why the DOL Got It Wrong." O'Brien's group, Americans for Annuity... Read More

Look at a Fixed Annuity Product to Create Your Own Pension

Americans are searching for a guaranteed stream of income similar to the pension plans that many of their parents and grandparents had. In "The Fixed Annuity: It's Like Buying a Pension," The Motley Fool's Serena Maranjian explains how fixed annuity products can be used to create your own personal pension from your retirement savings. With a fixed annuity, you enter into a contract with an insurance company. In exchange for a lump sum payment, they agree to pay you monthly income for a... Read More

Annuities Create Lifetime Income From Retirement Savings

Running out of money in retirement is one of Americans' biggest concerns. They have good reason for this worry. Only 22% of workers in private companies have a pension from their employer that will pay them monthly income. Most of these pension recipients will get income payments for the rest of their lifetime. As lifetime expectancy approaches record highs, having guaranteed lifetime income is crucial to retirement planning. So what about all of those Americans who don't have a company pension... Read More

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