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VA Living Benefit Riders Are Making A Comeback

A lot of the changes made to variable annuity products in the last year were negative.  But the most recent changes show that the variable annuity market looks to be on an upswing.  One of the most notable changes is that some life insurance companies are bringing back living benefit riders or offering better ones.  In addition to that, we are still seeing more investment focused variable annuities and some companies are still offering exchanges.  In Darla Mercado's Investment News article,... Read More

ING U.S. Fixed Annuities Will Be Offered By Allstate

There is big news for Allstate customers who were disappointed earlier this year they announced that they would no longer be selling their fixed annuities.  By the end of this year, Allstate will no longer sell their Growth and Income Protector, Income Ready, or RightFit annuities.  When the company made their announcement, they did say that they would continue offering annuities through partnerships with other companies.  The time has come for their first alliance.  In the Marketwatch... Read More

Indexed Annuities Are King In Des Moines

Do you have any idea where the indexed annuity capital of the world is?  Believe it or not, Des Moines, Iowa, is the modern day indexed annuity capital.  There are many reasons that you can find a large chunk of the insurance industry in Des Moines, and the indexed annuity market is following it's insurance counterparts.  Insurance News Net's Cyril Tuohy discusses why "Des Moines (is) Becoming (the) Indexed Annuities Hub."  While Hartford and London are known for being their own kinds of... Read More

Changing Season for Variable Annuities

The annuity market is in a tough spot with variable annuities right now.  They are still good products and offer many investors benefits they can't get anywhere else, but low interest rates have made it hard for insurance companies to keep up the guarantees.  The living benefits have put a strain on insurance companies, so we should all be prepared for upcoming changes.  While they will  make an already complex product even more complex in some cases, changes will help the variable annuity... Read More

ING’s Variable Annuities Lower Shares

On the heels of ING's negative press regarding variable annuities, their shares fell an average of 5% this week.  This information comes from Henry Steelman's Annuity News Journal article, "Shares in ING Group Fell 5% Wednesday."  ING is a huge financial institution all over the world covering banking and investment services as well as variable annuities and life insurance needs.  The downward trend in equities and lower annuity rates have taken a hit on ING's variable annuities, so much so... Read More

Top 20 Sellers of Total, Fixed, & Variable Annuities

LIMRA just released annuity sales results from the fourth quarter of 2010 and the total year results, according to Ruthie Ackerman's article in the Financial Times. "Who Were the Top 20 Annuity Writers in 2010?" summarizes the top sellers.  Total annuity sales were published along with totals for sales of variable annuities and fixed annuities.  Of the top 20, half of them had sales increases over the previous year.  The top three sellers of variable annuities reached sales records, while... Read More

Variable Annuity Sales Help Prudential

Prudential Financial Inc. and Jackson National Life Insurance Company have seen a large increase in their variable annuity sales through banks.  Prudential has seen the majority of their overall growth come from new channels of distribution, rather than their past sales channels.  Their second quarter variable annuity sales were $5.31 billion, which was an increase from $3.37 billion in the first quarter of this year.  While they saw a decline in their fixed annuity sales and after-tax... Read More

Fixed Indexed Annuities From Aviva

Aviva USA has a new executive vice president of insurance operations.  The company, based in Des Moines, is part of the fifth largest insurance group in the world, Aviva plc.  By introducing Christopher R. Welp into this position on August 30, Aviva plans to keep their company moving forward.  As one of the leading sellers of fixed indexed annuities and life insurance, Aviva USA has almost a million customers and employs 1,500 people in America.  Welp will be in charge of all of the... Read More

Indexed Annuities Break Records in 2009

With $30 billion of sales in 2009, indexed annuities set a record for the highest sales of all time, according to "2009 Indexed Annuity Sales Set Record" from Insurance News Net.  The previous record from 2007 was beat by close to 10%.  Data representing 99% of the companies selling indexed annuities was collected by Annuity Spec's Indexed Sales and Market Report.  While 4th quarter indexed annuity sales were down from the third quarter, sales levels were adjusting back to a normal level... Read More

Despite a Fixed Annuity Decline, Annuity Sales Boomed in 2009

Investment News' Darla Mercado summarizes the variable and fixed annuity sales of 2009 in her article "Banks' annuity fee income rose, FA sales fell in '09 3Q."  Through the first three quarters of last year, bank holding companies saw the fee income from their annuity sales increase.  The sale of fixed annuities however, decreased in the third quarter due to their decline in popularity through 2009.  With $2 billion in fee income from variable and fixed annuity sales during the first three... Read More

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