In order to attract more advisers, New York Life Insurance Co. is changing their immediate annuities by introducing a no-load version. This information comes from Investment News‘ “Take a load off: New York Life set to tweak immediate annuities to draw advisers” by Jessica Toonkel …
Deferred fixed annuity sales grew by close to 60% last year, according to an article by Janet Kidd Stewart in the Chicago Tribune. It’s really no surprise as life expectancies continue to rise and many people’s life savings dwindle. Northwestern Mutual Life Insurance Company actually …
According to a press release by Beacon Research, fixed annuity sales estimates in the U.S. for the first quarter of this year were $34.9 billion. The Fixed Annuity Premium Study comprised of data from 53 insurance companies, which account for about 86% of this market. …
For the first time in awhile, fixed annuities are selling better than variable annuities. It’s no wonder with a financial marketplace that has been less than stable recently. New York Life sells more immediate fixed annuities than anyone; they have seen an 80% increase in …
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