Indexed Annuity

New Annuity Product for New Yorkers

AIG Life & Retirement has just launched Power Index Premier NY Index Annuity with Lifetime Income Builder, according to a recent press release. The new annuity product was developed exclusively for the state of New York and is the only index annuity that gives residents of the state the option of a living benefit rider. Guaranteed living benefit (GLB) riders often provide lifetime income that keeps up with the rising costs of retirement. The Lifetime Income Builder GLB rider provides... Read More

Jackson National to Offer More Fee-Based Annuities

The largest annuity seller, Jackson National, has teamed up with DPL Financial Partners, an insurance network for RIAs, to distribute annuity products through independent registered investment advisors. According to a recent InvestmentNews article, it’s the first time Jackson National has moved beyond traditional outlets to distribute three fee-based annuities.“For us it is the first time we’re trying to expand our overall distribution footprint,” said Scott Romine, president of... Read More

Is an Indexed Annuity Right For You?

Given recent market volatility, it’s no surprise that many investors have lost their appetite for risk, even for those still accumulating assets. Of course, it’s important not to jump ship at the first sign of a market shift, but if your financial plan allows for adjustments, now might be an appropriate time to look into other investment options.Perhaps now is the time to review your risk allocation. One financial expert recently suggested (in an article from The Street) cutting back... Read More

New Fixed Index Annuity from Eagle Life

Eagle Life Insurance Company, a leader in the annuity industry, recently announced the addition of a five-year fixed index annuity product to its line-up. The company specializes in safe, innovative retirement options. According to a press release, the all-new Eagle Select® Focus 5 is a safe-money alternative that was designed for clients who want both safety of principal and growth potential. The new product joins a strong Eagle Select series of fixed index annuities.“People have... Read More

Confinement Care Riders 101

According to a recent article by annuity guru Stan Haithcock, deferred annuities with attached confinement care riders are the “most recent overhyped benefit touted by agents.” Although Haithcock does add that they do have a place in many portfolios, but as usual, only if they are fully understood. So what is a confinement care rider and what does it do? Here’s a look at that, and also some ideas on what they DON’T do too.Income riders can be added to some deferred variable and... 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

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

Fixed & Variable Annuity Sales Push Total Figures Slightly Upward

Last week, the LifeHealthPro Editors summarized the IRI's second quarter annuity sales report and found that "Annuity sales (are) trending slightly up year over year." The Insured Retirement Institute based their report on information from Beacon Research and Morningstar Inc. Second quarter total annuity sales were $55.9 billion, just a little bit under the first quarter sales of $56 billion. That is down 4.3% from the second quarter of 2015's sales of $58.4 billion. Year to date annuity sales... Read More

Indexed Annuity Industry Faces Challenges, But Sees Opportunity As Well

There is a lot going on in the annuity industry right now, particularly when it comes to fixed indexed annuity products. LifeHealthPro's Kristen Beckman interviewed Allianz Life's Eric Thomes about the state of the industry in the article "Allianz Life exec: Index variable annuities address market volatility fears." LIMRA SRI's annuity sales survey put Allianz Life Insurance Co. of North America as the 4th highest annuity seller during the first quarter of this year. The company had $3.3... 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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