Clarification of Some Important Annuity Questions

In preparation for last month's IMO Summit, the National Association for Fixed Annuities (NAFA) released a paper with important information about annuity products.  This information is not only important for advisors, but for consumers as well.  In one of the first summaries of NAFA's information, Daniel Williams of Life Health Pro offered "5 answers every investor needs to know about annuities."  The information is meant strictly to separate annuity fact from fiction and answer some basic... Read More

Today’s Jean Chatzky Says to Consider Annuities for Retirement

The Today Show's financial editor Jean Chatzky gets asked a lot of questions about retirement.  She recently held a live Twitter chat to answer retirement questions and her information was broadcast on the show.  In "Jean Chatzky's 3 ways to make money last through retirement," she addressed one of the most common retirement concerns.  People are worried about outliving their savings.  The three ways that she recommends to make your savings last are using annuities, drawing your money down... Read More

A Comparison of Immediate Annuities & Systematic Withdrawals

There is a lot of focus put into saving money for retirement.  But when it comes time to create income from your retirement savings, most Americans don't know where to begin.  There are a few different ways to create an income stream from your savings and each has its benefits and drawbacks.  In the article "How best to generate lifetime retirement income," CBS Moneywatch's Steve Vernon compares systematic withdrawals and immediate annuities as retirement income generators.People tend to... Read More

A Comparison of Immediate Annuities & Systematic Withdrawals

There is a lot of focus put into saving money for retirement.  But when it comes time to create income from your retirement savings, most Americans don't know where to begin.  There are a few different ways to create an income stream from your savings and each has its benefits and drawbacks.  In the article "How best to generate lifetime retirement income," CBS Moneywatch's Steve Vernon compares systematic withdrawals and immediate annuities as retirement income generators.People tend to... Read More

Consumers Value Guaranteed Lifetime Income, But Don’t Know Where To Get It

In the Benefits Pro "Clueless about guaranteed lifetime income," Marlene Y. Satter says that Americans know very little about guaranteeing lifetime income with annuity products.  CANNEX and Greenwald & Associates recently performed a study to see what Americans know about lifetime income sources.  The first thing they found was that Americans want and need sources of retirement income.  Most people know about the lifetime income they will receive from Social Security.  While that is an... Read More

Annuity Benefits Across the Globe

It used to be mandatory to purchase an annuity to finance your retirement in the UK.  Earlier this year, their Chancellor George Osborn removed this requirement, but said that annuities are still worth consideration.  According to The Telegraph's Steve Lowe, annuities are still an important part of retirement planning.  His article, "Four reasons why we do still need annuities," offers insight that is applicable to retirees in the United States as well.  The article says that annuities... Read More

Predictions for the Future of the Annuity Industry

The annuity industry is evolving as our needs and the economic climate both change.  Some of the things about annuity products that people most often dislike are actually falling by the wayside.  Those annuity benefits that everyone desires are becoming easier to obtain.  In Stan Haithcock's Marketwatch article, "Hate annuities? 7 reasons you might change your mind," he says that the industry is changing for the betterment of consumers.  Each year, there are more $200 billion worth of... Read More

Variable Annuity Tiered Pricing Balances Income With Cost

Earlier this month, Jackson National Life Insurance Company introduced new pricing for their variable annuities.  Investment News' Darla Mercado wrote about the new options in the article "Jackson National unveils tiered pricing for variable annuities."  The company's living benefit riders are very popular and they are hoping that this new tiered pricing will be beneficial for consumers looking for more options.  There are five tiers of pricing available with the Lifeguard Freedom Flex and... Read More

Don’t Purchase A Fixed Indexed Annuity Until You Know These Details

Fixed indexed annuities offer principal protection and the potential to grow your money if stock market indexes increase.  They are a helpful tool to use when financing your retirement.  But they can be complex and you need to make sure that you understand all of their pieces and parts.  In the CBS Moneywatch article, "6 questions before buying a fixed indexed annuity," Allan Roth helps to explain the details of indexed annuities and lets you know what to look out for.  Fixed indexed... Read More

Most Annuity Products Had Double Digit Sales Increases in the 2nd Quarter

LIMRA's Secure Retirement Institute recently released annuity sales data from the second quarter and entire first half of this year.  According to Insurance News Net's "Total Annuity Sales Improve 8% In 2Q," the annuity industry is in a good place and is likely to continue on that path for the rest of the year.  The 8% increase in total annuity sales from the second quarter of 2013 to the second quarter of 2014 is great news for the industry.  Total annuity sales were $61.4 billion in the... Read More

Annuityfyi.com - Prefooter

Share On Facebook
Share On Twitter
Share On Linkedin
Share On Pinterest