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Symetra Jumps on the Fee-Based FIA Train

The fee-based fixed indexed annuity trend rolls on as Symetra Life Insurance announces the launch of Symetra Advisory Edge and Symetra Advisory Income Edge.  According to a recent news article, Advisors who sell Symetra annuities now have both the traditional commission-based Edge FIA products and the new fee-based Advisory Edge products available. Income edge products are single-premium fixed indexed deferred annuities. “Expanding our lineup of commissionable FIAs to include these new... Read More

FIA Trend Continues with New Product From Symetra

The trend in fee-based fixed indexed annuities continues with a recent announcement from Symetra Life Insurance Company. The leading fixed annuity provider has introduced two new FIAs built for fee-based planning, according to a recent press release. Symetra Advisory Edge and Symetra Advisory Income Edge both provide customers planning for retirement with asset protection and opportunities for interest crediting through multiple index options, including the JPMorgan ETF Efficiente® 5 Index.... Read More

Four Fee-Based Fixed Indexed Annuities Coming Soon

Variable annuities aren't the only annuity variety undergoing major changes after the DOL fiduciary rule was finalized. Fixed indexed annuity insurers are also developing fee-based products, just like their variable annuity counterparts. Investment News' Greg Iacurci talks about the new products in "Insurers developing fee-based fixed-indexed annuities post-DOL fiduciary rule." Four of the first quarter's top ten fixed indexed annuity sellers are already developing fee-based indexed annuity... 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

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

Symetra’s Fixed Indexed Annuities Increase Death Benefit Options

If you are worried about leaving money to your heirs when your life ends, Symetra Life Insurance Company has an enhanced death benefit rider that you might want to consider.  In the Marketwatch company press release, "Symetra Adds Enhanced Death Benefit Rider to Fixed Indexed Annuity Suite," the company introduces their newly released optional death benefit.  This rider can be added to some of their fixed indexed annuities, including the popular Symetra Edge Pro.  This enhanced death benefit... Read More

Higher Interest Rates Contribute to Strong Annuity, Revenue Growth in 2nd Quarter

Second quarter annuity sales results were recently released and the news was good for many insurers.  In the Insurance News Net article, "Annuities Power 2Q Earnings Season," Cyril Tuohy focuses on the positive numbers at four different companies.  Two of the main reasons that annuities had such a good quarter were higher interest rates and increasing fee income in portfolios.  AIG, Prudential, Fidelity & Guaranty Life and Symetra saw significant revenue and sales figures from their... 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

Longevity Annuity Recommendations

Longevity annuities come in two different types and help to insure that you will not run out of money in retirement.  They are essentially the opposite of life insurance, which leaves money behind in the case of an early death.  Deferred income annuities and fixed indexed annuities with lifetime income riders are two ways to guarantee a stream of income that you cannot outlive.  Annuity FYI recently put together a list of their recommended longevity annuities.  The difference between a... Read More

Fixed Indexed Annuity from Symetra Offers Choices & Protection

Despite the fact that a lot of recent talk has gone to deferred income annuities, fixed indexed annuity products have continued to sell well also.  In The Wall Street Journal's Marketwatch article, "Symetra's Edge Pro Fixed Indexed Annuity Surpasses $1 Billion in Sales," Symetra's press release details the company's milestone.  Symetra Life Insurance Company started selling their Edge Pro fixed indexed annuity two years ago as indexed annuities started increasing in popularity.  It is sold... Read More

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