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New Annuity Products

In the annuity industry, it’s extremely important to keep up with the latest and greatest as the market is continuously changing. Here’s a look at a few of the new annuity products available, as reported in the article, “3 Annuities to Watch: Sammons, Athene, Manulife,” from ThinkAdvisor. The new LiveWell Freedom Variable Annuity, from Sammons Retirement Solutions, automatically includes a guaranteed lifetime withdrawal benefit rider (GLWB) with a 2% minimum gain, and a 75% share of... Read More

GLWB Riders and Retirement Income

A new study has found that more owners of variable annuities with a guaranteed lifetime withdrawal benefit (GLWB) rider are using those benefits in retirement, according to a recent InsuranceNewsNet article. Nearly 25%, in fact, have elected to withdraw income at the end of the first half of 2017, which is an increase of 2 percentage points over the last 18 months, says the Ruark Consulting report. The study focused on the behavior around GLWB riders, a variable annuity option that barely... Read More

FIA Trend Continues with New Product From Symetra

The trend in fee-based fixed indexed annuities continues with a recent announcement from Symetra Life Insurance Company. The leading fixed annuity provider has introduced two new FIAs built for fee-based planning, according to a recent press release. Symetra Advisory Edge and Symetra Advisory Income Edge both provide customers planning for retirement with asset protection and opportunities for interest crediting through multiple index options, including the JPMorgan ETF Efficiente® 5 Index.... Read More

Ohio National Launches Innovative Annuity Rider

In an effort to address both inflation and longevity, Ohio National has launched a new fixed indexed annuity (FIA) guaranteed living withdrawal benefit (GLWB) rider. According to a recent article from InsuranceNewsNet, ONdex Income Accelerator GLWB is guaranteed to increase by at least 3% a year. Typical GLWBs don’t necessarily increase once withdrawals begin. With the ONdex Income Accelerator GLWB rider, the interest credited is an amount multiplied by three, or an amount to which is... Read More

Income Riders Help Make Fixed Annuities More Attractive

In recent trends, fixed indexed annuities (FIAs) have gained in popularity thanks to several attractive perks, including participation in market gains.  But with the new fiduciary rule from the Department of Labor, advisors who sell these products will have to comply with the best interest contract exemption (BICE), a burdensome task. Unlike indexed and variable annuities, however, fixed annuity products do not trigger BICE application, meaning that the advisor would not have to declare their... Read More

Annuity Trends for 2017

2008 was a difficult year for many financial sectors, and the annuity business was no exception. With the possible implementation of the Department of Labor’s (DOL’s) fiduciary rule rapidly approaching, many industry experts are predicting that 2017 will prove to be just as challenging. Here’s what some are saying to expect, as reported in a LifeHealthPro article. There’s no discussion about the future of annuities that doesn’t include the top regulation facing the industry, the... Read More

Securian Offers Four New Annuity Products

Earlier this week, Securian Financial Group announced the addition of four new annuity solutions to its suite of products. The desire for guaranteed retirement income is rapidly growing, creating a need for a variety of products to accommodate clients’ unique situations. Details of the four new products were outlined in a recent BusinessWire press release. SecureLink Future: Fixed Indexed Annuity Designed for clients seeking retirement asset growth in addition to the protection of... Read More

Low Rates Spark Interest in Indexed Annuities

With no real sign of an increase in interest rates, investors continue to look for places to put their money that promise both safety and reasonable returns. Retirees who thought the rate boost was on the horizon have been waiting to earn more on their certificates of deposit and money market funds for quite some time now, with little to show for it. Fed up, people are looking into other options, mainly insurance products, that offer both attractive returns and principal protection. According... Read More

Six Different Living Benefit Rider Guarantees

Guaranteed income is in high demand right now. That is why many people are turning to annuity products with guaranteed income riders to ensure that they don't run out of money during their retirement. In "6 annuity guaranteed minimum living benefit riders," LIfeHealthPro's Kristen Beckman explains six of the most popular living benefit riders available. Before the first GMLB (guaranteed minimum living benefit) products were introduced two decades ago, annuity principal was only protected upon... Read More

Fixed Indexed Annuity Benefits Are Still In Demand

There is still a case to be made for buying fixed indexed annuity products. Before they were included in the DOL's fiduciary rule, FIA sales were sky high and on an eight year streak of increases. Since the rule has been announced, some experts are wary of the future of the indexed annuity market and I've seen forecasts predicting more than a 30% sales decline. But fixed indexed annuity products still offer the same benefits, benefits that many retirees find useful and valuable. Financial... Read More

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