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% …
In “Sidestepping Skepticism, Prudential Scores with Variable Annuities,” Matt Ackerman of Bank Investment Consultant describes how consumers’ opinions of variable annuities are changing. While many people thought variable annuities were “too expensive or too complicated”, they seem to realize the great potential of these annuity …
According to “Immediate annuities, whole life are likely to gain favor,” Darla Mercado of Investment News says that as baby boomers age they are looking for insurance products that offer them income. As these baby boomers approach retirement, they want reliable streams of income that …
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