Fixed annuity sales in the United States were $27.8 billion in the second quarter of 2009, according to a press release from Beacon Research. While the sales were a 20% decrease from the first quarter, they were 10% higher than the second quarter in 2008. …
A Summer Crop of Variable Annuities by Kerry Pechter, Retirement Income Journal Published July 29, 2009 The styles of products of variable annuities introduced by insurers in July seem to fall onto opposite ends of the complexity spectrum. The AnnuityNote contract offered by John Hancock …
Variable annuity assets increased by the largest margin in 17 years in the second quarter of 2009, according to Andrew Frye of Bloomberg.com. His article “Variable Annuity Assets Advance Most in 17 Years,” lists the main reasons as a stock market rise and an increase …
As reported in Banking Business Review, “MetLife Launches (a) Lower-cost Variable Annuity.” The product is called Simple Solutions and is geared towards retirees and those soon-to-be that are 60-80 years old. Simple Solutions was introduced to meet two retirement concerns: “retirement income and safety considerations.” …
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