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New Nationwide Annuity Rider Designed for Growth Potential

Indexed annuity designer Annexus has done it again, this time partnering up with Nationwide to develop a new lifetime withdrawal feature. Consumers now have the option of combining the new feature, the Nationwide High Point 365 Lifetime Income Benefit rider, exclusively with the company’s New Heights indexed annuities. According to a recent article from ThinkAdvisor, the rider “guarantees that the amount used to calculate future income will be at least 110% of the purchase payment plus... 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

Nationwide Launches New Fee-based FIA

Leading insurance and financial services organization, Nationwide, has just announced the launch of a new fee-based fixed indexed annuity (FIA). According to a recent press release, Nationwide Summit fixed indexed annuity is the first of its kind in their offerings meant to address the needs of Registered Investment Advisors (RIAs) and fee-based advisors. Providing capital preservation without sacrificing the potential for growth, Nationwide Summit exclusively features the J.P. Morgan MOZAIC... Read More

Annuities and Amazon Echo: Insurers With ‘Skills’

One of the most popular tech gifts this holiday season was the Echo line of smart speakers from Amazon. With the ability to control smart features in your home, like thermostats and lights, in addition to playing music, setting timers, reading the news, and buying products (from Amazon of course), all with voice activation alone, it’s no wonder why they have become so popular. And it’s not just basic everyday tasks that Echo can help you with either. According to a recent City A.M. article,... Read More

Jefferson National’s Low Cost Variable Annuity Big Part of Why Nationwide Bought Company

Nationwide Financial is planning to greatly expand their variable annuity business through the purchase of Jefferson National, a strong player in the variable annuity game. Investment News' Christine Idzelis wrote about the acquisition in the article "Nationwide to buy Jefferson National." This deal gives Nationwide access to Jefferson National's 4,000 registered investment advisors and fee-based advisors. It's a move that Nationwide sees fitting because of the new fiduciary standards that... Read More

Deferred Annuities Offer Tax Advantages to Consumers

Deferred annuity products can offer tax advantages for people looking to grow their wealth as they head towards retirement. In a recent article for Wealth Management, "The Tax Advantages of Deferred Annuities," Nationwide Insurance wrote about how some annuities offer consumers important tax advantages. People use annuity products to create a steady income stream during their retirement, income that can often last for as long as they live. But in addition to paying you an income stream,... Read More

Variable Annuity Decline Shuffles Annuity Sales Leaders

The LIMRA Secure Retirement Institute just published their quarterly annuity sales report detailing the "Top 10 annuity sales leaders" from the first quarter. In an article for LifeHealthPro, Kristen Beckman listed the top sellers and discussed the big power shift between fixed and variable annuities. Their data includes information from 64 companies who make up 96% of all annuity sales. Total annuity sales were $59 billion in the first quarter. Fixed annuity sales of $32.3 billion were higher... Read More

Many New Players in the Fixed Indexed Annuity Game

Before the final DOL ruling which included indexed annuities in the BICE rule requirements, indexed annuity products were the hottest news in the annuity industry. Sales skyrocketed in 2015 and many companies who weren't big players in the industry before came onto the scene strong. Insurance News Net's Cyril Tuohy wrote about the top selling companies and channels in the article "Crashing The FIA Party: Not Just The Top Companies Driving Growth." It remains to be seen what will happen in the... Read More

Indexed Annuity Sales Winners and Losers

2015 was a record breaking sales year for fixed indexed annuity products, especially in the fourth quarter. Nationwide Financial and AIG had the largest gains last year in indexed annuity sales. Investment News' Greg Iacurci summarized last years winners and losers in the article "Nationwide, AIG see huge gains in fixed indexed annuity sales; Allianz and Security Benefit flounder." 2015's record sales hit $54.5 billion, partly because of continued low interest rates, market volatility, and... Read More

Increasing Payouts for Variable Annuity Lifetime Income Riders

Variable annuities have not been getting a lot of positive attention recently. Between the companies who have stopped selling variable annuity products altogether to the others who have dropped lifetime income guarantees and other features, it's been a tough go for the variable annuity industry. Declining variable annuity sales have hurt overall annuity sales totals as well. But Nationwide remains committed to the variable annuity industry. They have increased the payout on two different... Read More

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