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Structured Settlements and the Incentives That Complicate Them

Every year, thousands of individuals are involved in accidents that require years of medical care, often funded by a lump-sum financial settlement. Because it can be extremely challenging to manage such care with an all-cash settlement, many end up settling legal claims with a structured settlement. This means they trade a cash settlement for long-term, tax-free income that is funded by an annuity. It’s a wise decision and encouraged by the federal tax code, but did you know that special... Read More

Pacific Life Announces New Fee-Based FIA

A new fee-based fixed indexed annuity is now available from Pacific Life, according to a press release from the company’s website. Pacific Index AdvisorySM was created with with clients who are looking for growth potential in mind. It provides principal protection while giving the opportunity to grow contract value through market-based interest crediting. Pacific Index Advisory allows advisors to offer this opportunity as a fee-based solution in addition to the standard commission-based... Read More

A Face-lift for Variable Annuities

With interest rates on the rise, equity markets holding steady and the fiduciary regulations on the horizon, it’s not surprising that variable annuity products are seeing many new developments and enhancements. Other factors are also contributing to the flurry of change, including the appearance of a significant drop in sales last year. In 2015, variable annuity sales reached $133 billion, however in the first nine months of 2016, sales dropped 22% to $79.4 billion, according to a recent... 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 Annuities Poised to Have a Good Year

Last year was a great year for indexed annuities.  If the rest of the year follows the trend set by the first quarter, 2015 will also be a good year for the indexed annuity industry.  LifeHealthPro's Daniel Williams talked about what happened with indexed annuities in the first quarter in the article "Indexed annuity sales off to strong start in 2015." The total fixed indexed annuity sales during the first quarter were more than $1.3 billion.  This was a 5% decline from sales during the... Read More

Allianz Life’s Essential Income 7 Indexed Annuity Included in Wells Fargo’s Platform

Allianz Life is the latest insurer to join Wells Fargo's new indexed annuity platform.  The purpose of this platform is to highlight simpler indexed annuities that have lower commissions.  Darla Mercado of Investment News wrote about this new addition to the platform in the article "Allianz joins Wells Fargo's new indexed annuity platform."  The other insurers already involved in Wells Fargo's platform include AIG, Pacific Life, Symetra, Great American and Nationwide.  A few weeks ago,... Read More

It’s Been A Strong Year for Indexed Annuities

Third quarter indexed annuity sales results have just been released by Wink, Inc.  In a press release for Insurance News Net, the said that "YTD Indexed Annuity Sales (were) Greater Than Any Year But 2013."  Wink's Sales & Market Report represents the sales figures from 47 indexed annuity carriers, or 99.8% of the market.  Indexed annuity sales were $11.4 billion, a 14.28% increase from the third quarter of last year.  This year's third quarter sales were down 8.58% from the second... Read More

The Newest Deferred Income Annuity: Pacific Secure Income

Pacific Life has been looking to fill a void within their line of fixed annuity products.  They recently launched a new deferred income annuity to fill that void.  Insurance News Net's Cyril Tuohy introduced the new product in the article "Pacific Life Launches Fixed, Deferred Income Annuity."  This new deferred income annuity offers a guaranteed stream of income during retirement.  Fixed annuities have been selling well this year, particularly deferred income and indexed annuity... Read More

Jackson National & New York Life Sold the Most Annuities In 2013

The total annuity sales for 2013 were released last month and included some surprises and some results that were expected.  Daniel Williams of LifeHealthPro summarized all of the sales results in the article "Top 20 annuity sales leaders for 2013".  The results are divided into total annuity sales, fixed annuity sales, and variable annuity sales.  Jackson National Life was the top seller in both total annuity sales and variable annuity sales.  They sold $23.2 billion of annuities, $20.9... Read More

Deferred Fixed Annuity with Guaranteed Withdrawal Benefit

Pacific Life Insurance Company has just released a new deferred fixed annuity that is a little different from the rest.  The Pacific Income Advantage not only offers fixed annuity benefits, but it also has the option for a Guaranteed Withdrawal Benefit with yearly crediting.  This information comes from a Pacific Life press release in the Digital Journal, "Pacific Life Offers Financial Advisors a New and Innovative Option for Building Retirement Income: Pacific Income Advantage."  Some of... Read More

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