Fixed Annuity Sales Were Strong During the First Quarter

LIMRA's Secure Retirement Institute recently released the retail annuity sales numbers from the first quarter of this year. LifeHealthPro's Kristen Beckman summarized the findings in the article "Fixed annuities continue growth trend." Fixed annuity sales were $32.3 billion, an increase of 48% from last year. Each different product in the fixed annuity market saw growth in the double digits. The increase in fixed annuity sales pushed total annuity sales to $58.9 billion, an increase of 9% from... Read More

Tax-Free Distributions With An LTC Annuity

Long term care will be one of the most expensive things that most people pay for in their lifetime. Many people ignore the fact that they may need long term care at some point in their life because it's just not something they want to think about. With the sky high cost of this type of care, long term care insurance can save your future finances from being depleted by paying for this type of care in your old age. If you have ever had a family member or friend who had to pay for long term care,... Read More

Fixed Annuity Guarantees Are One Piece of Retirement Planning Puzzle

In a recent Insurance News Net exclusive, Rich Lane discussed "Flipping The Switch On An Annuity Income Stream." He said that annuities are the only investment type that can provide you with the security of a guaranteed lifetime income stream. Retirement planning can be frightening for many people, so it is important to focus on your specific goals. For most of us the main goal is to be financially secure later in life, such as after retirement. A lot of people are looking for a more... Read More

Annuities Can Create A Pension-Like Income Stream

In a recent special for USA Today, investorplace.com's Jeff Reeves asked "Can an annuity act as your pension plan?" The short answer is yes. The majority of Americans would rather have the cushy and simple pension plans of decades ago, but unfortunately those pensions are a rarity nowadays. In 2011, only 10% of private companies had pension plans, covering just 18% of the workers in the private sector. I presume that number is already significantly lower just five years later. To put it into... Read More

Three Benefits are Drawing People to Indexed Annuities

Our own Andrew Murdoch, also President of Somerset Wealth Strategies, wrote an article for Marketwatch to explain "Why fixed indexed annuities are strong sellers." Sometimes fixed indexed annuities are described in a too good to be true way. Yes, they offer principal protection while still exposing your money to stock market gains. But keep in mind that you won't take advantage of total stock market gains because your money is not only linked to an index, but often subject to caps and... Read More

Annuity Information Abounds Online

There is a wealth of information online to support people interested in purchasing annuity products, as well as the brokers and advisors who sell them. In this advanced technological time, online tools are crucial to the annuity industry and help overall annuity sales. In "Online tools, information, research support annuity sales," LifeHealthPro's Peggy Bresnick gathered a list of some of the most important sites available for this type of research. These online resources can help explain the... Read More

Fixed Annuity Industry is Happy with Fed’s Rate Increase

The Federal Reserve raised interest rates mid-month last December, which is likely a good thing for the fixed annuity industry. Insurance News Net's Linda Koco forecasted how the .25% increase would effect the industry in the article "Rate Increase Bodes Well for Fixed Annuity Sales." Fixed annuity sales were already up in the third quarter before the increase in interest rates. Beacon Research's President pointed out that insurance companies had already been gradually raising their fixed... Read More

Big Changes in Fixed Annuity Sales Leaders Indicates High Competition

Insurance News Net's Linda Koco said that the "FA Competition (is) Shifting into High Gear" in a recent article. This is in steep contrast to the variable annuity side of the business. The LIMRA Secure Retirement Institute's sales rankings revealed an interesting trend over the past few years. The quarterly sales rankings change the most, both up and down, when the annuity competition is stronger. Third quarter sales figures showed a lot of movement between annuity carriers for sales rankings... Read More

Consumer Reports: An Annuity Can Help You Afford to Live to 100

The current reality is that many Americans are living to age 100 and beyond. Financially, living a long life can cause some hardships on individuals and families. Consumer Reports offers five tips to help ensure that you do not run out of money in retirement. Their article, "Can you afford to live to 100? 5 ways to start planning for financial longevity now," says that it's important to plan for a long life, especially if your parents lived a long time. Even if your parents died younger, if you... Read More

Long Term Care Riders Can Be Added to Annuity Products

Depending on your age, you may have seen your parents, grandparents and even great-grandparents live a long life.  So you know that there is a good possibility that you will live to a ripe old age.  Many of your elderly relatives and neighbors have probably required some type of long term care along the way, either temporarily or permanently.  Long term care costs are expensive and it can be difficult to ensure that you don't run out of money in retirement.  An annuity product that includes... Read More

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