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

AIG Launches New Index for Annuities

Last week, AIG Life & Retirement launched the new AB All Market Index that was developed exclusively for AIG’s Power Select Index Annuities by AllianceBernstein (AB). According to a recent Wealth Advisor article, the multi-asset index will be distributed primarily through Market Synergy Group (MSG). The AB All Market Index is not available for direct investment, similar to other indexes in an index annuity, but the performance directly contributes to the determination of the interest... Read More

Great American Life and Barnabas Capital Team to Offer New Annuity Products

Great American Life has teamed up with Barnabas Capital to offer 2 new variable annuity products. Index Frontier® and Index Summit 6sm variable-indexed annuities were created for investors who are not satisfied with low fixed-income yields and want more protection than that provided by equities. According to a recent Yahoo!Finance article, these products offer competitive earning potential and partial protection from market loss, which makes them attractive in a volatile market.When... Read More

Independent Broker-Dealers Score Big With Variable Annuities

While distribution channels like wirehouses and large national brokerage houses experienced slumps in variable annuity sales, independent broker-dealers saw big growth, according to a recent article from Investment News. Experts are crediting more attractive product features, the growing popularity of structured or buffer annuities and the disappearance of the fiduciary rule for the boost.In 2018, independent broker-dealers (IBDs) sold $39.4 billion of variable annuities, up $3.7 billion... Read More

Ameritas Launches First Annuity Connected to New S&P Index

A new indexed annuity from Ameritas Life Insurance Corp. was recently launched, tracking four indices including the new uncapped S&P 500 Sector Rotator Daily RC2 5% Index. According to a recent article from InsuranceNewsNet, Ameritas Accumulation 7 Index Annuity (Accumulation 7 IA) was released last month to help consumers meet their asset accumulation goals.“The new S&P 500 index was launched on October 19, 2018 and is designed to measure an uptrend in the sectors that provide... Read More

3rd Quarter Report: Fixed Annuity Sales Continue to Rise

Sales of non-variable annuities continue to rise as recently reported in the latest Wink’s Sales & Market Report. According to an article from InsuranceNewsNet, in the third quarter of 2018, sales jumped 4.72% from the prior quarter and a whopping 46.26% when compared to the same period in 2017. Indexed, traditional fixed and MYGA annuity products were included in the report.Third quarter report highlights include:Indexed annuity sales increased more than 2% when compared to... Read More

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

Shorter Surrender Periods Improve Sales of Indexed Annuities

As the first-quarter numbers roll in, the data is showing that investors are especially attracted to indexed annuities with shorter surrender periods. Sales through banks and broker-dealers skyrocketed as these distributors prefer the shorter surrender periods due to the higher rates and caps that they can impose in exchange for lower commissions.  “We’ve seen stuff going over to banks and broker-dealers more and more, and with banks and  broker-dealers, the five to seven-year... Read More

Lincoln Financial Announces New Variable Annuity

Lincoln Financial Group has recently announced the launch of a new indexed variable annuity, offering retirees options for protection and growth opportunities. According to a Business Wire press release, Lincoln Level AdvantageSM will allow clients to continue to build their savings while protecting assets from some of the most challenging risks in today’s market.Previously, Lincoln Financial released a study that found many savers are concerned about portfolio protection, especially as... Read More

Nationwide: Annuity Distribution Trendsetter?

Nationwide has announced that they will let go 2,000 captive agents leading some industry experts to conclude that they could become the first mutual insurer to distribute annuities solely through independent agents.“To the best of my recollection, this will be the first time a mutual insurance company is distributing annuities exclusively through independent agents,” said Sheryl J. Moore, CEO of Moore Market Intelligence, in a recent InsuranceNewsNet article.Based in Columbus,... Read More

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