UPDATED July 27, 2013: The variable annuity community has been up in arms since The Hartford announced forced variable annuity changes earlier this summer. Many of their variable annuity contract holders are being forced to change their asset allocations to a more conservative mix by …
UPDATED 8/31/2013 Deferred income annuities have been selling in record numbers this year. Bank Investment Consultant’s Margarida Correia tells us why in “Deferred Income Annuities Gain Traction, Following Rebirth.” The products were called advanced life deferred annuities when first introduced, but did not take off …
While the total annuity sales last year were at their lowest level since 2005, I don’t think that’s all bad news. Part of the reason for this decline has been steadily low interest rates combined with low consumer confidence, but there’s another reason for the …
A new variable annuity and a new benefit option have just been introduced by Prudential Annuities. According to the Prudential Financial press release, “Prudential Annuities Launches Prudential Defined Income Variable Annuity and Highest Daily Lifetime Income v2.1,” these products have been designed to help current …
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