Annuity Advantages

An annuity is a contract between you and an insurance company, whereby you give the insurer your premium dollars, and in return the insurer guarantees you certain benefits. While annuities are not life insurance policies, they are typically issued by life insurance companies and are considered insurance products. All annuities offer tax advantages, but they are all unique depending on the type of annuity product purchased. Here’s a look at 9 distinct advantages available via the plethora... Read More

Purchasing a Variable Annuity Direct? Consider This First

Despite Vanguard’s exit from the variable annuity sales sector this summer, there are still a plethora of choices for consumers who are shopping for a variable annuity. But just because there are options doesn’t mean you can blindly select any of them. As always, it’s important that you do your homework and research the pros and cons of such a purchase, especially when buying directly. Here’s a look at some pointers on the process from the experts at Kiplinger... Read More

Product Review: AXA Retirement Cornerstone Variable Annuity – | A New VA Is Attractive, Especially If You’re Under 65

With the AXA Retirement Cornerstone VA, you can choose from 20 accounts managed by 10 investment management companies, mostly balanced funds, and invest up to 80% in the stock market in all of them. This is particularly attractive to younger annuity owners because time is on their side should they have to wait for the market to rebound after a downturn. Variable annuity (VA) sales have been in a slump in recent years, and it’s really no surprise because most VAs aren’t as... Read More

Great American Life and Barnabas Capital Team to Offer New Annuity Products

Great American Life has teamed up with Barnabas Capital to offer 2 new variable annuity products. Index Frontier® and Index Summit 6sm variable-indexed annuities were created for investors who are not satisfied with low fixed-income yields and want more protection than that provided by equities. According to a recent Yahoo!Finance article, these products offer competitive earning potential and partial protection from market loss, which makes them attractive in a volatile market.When... Read More

Leading Annuity Provider Updates Products

According to a recent press release, leading financial services company, AXA Equitable Life has just released an enhanced version of Retirement Cornerstone®, its multi-stage variable annuity. Updates to its market-leading structured annuity, Structured Capital Strategies®, were also announced. Both were developed to help clients build wealth and create protected lifetime income, all while mitigating risk and keeping pace with inflation. “With these new enhancements we are providing a... Read More

1st Quarter Annuity Sales Released

First quarter 2019 annuity sales figures were recently released with fixed and variable annuity sales hitting $57.8 billion combined. According to an InsuranceNewsNet article, this is a 3.6% drop when compared to the fourth quarter of 2018, but still a whopping 17.5% above levels from a year ago.Fixed annuity sales reached $37 billion in the first quarter, only a slight decrease from the fourth-quarter 2018 sales of $37.1 billion. The small drop pales in comparison to the year-to-year... Read More

Great American Life Launches Unique New Annuity Product

A recent collaboration between Great American Life and Raymond James has produced a new type of variable-indexed annuity. The Index Summit 6℠ is the first of its kind, offering crediting strategies with both upside and downside participation rates. According to a recent InsuranceNewsNet article, the breakthrough product will only be offered through financial institutions, banks and independent broker dealers.Currently, the crediting strategies feature a 50% downside participation rate... Read More

Security, Safety Lead to More Record Breaking Annuity Sales

First quarter annuity sales numbers are in, and once again record highs have been reported.  Some financial experts are suggesting a desire for security and safety is the leading cause for the continued increase, according to a recent article from the Pittsburgh Post Gazette.“Annuity sales in the first quarter are definitely a reflection of a flight to safety,” said Teodor Panaitisor, a research analyst at Limra Secure Retirement Institute.  “Looking at the numbers, we can assume... Read More

Fidelilty and New York Life Team on New Variable Annuity

Fidelity Investments recently teamed up with New York Life to launch the new deferred variable annuity product, the New York Life Premier Variable Annuity--P Series, featuring the Investment Preservation Rider. The new annuity provides investors with growth potential while ensuring guaranteed principal protection. According to a Business Wire press release, P Series also offers market participation with downside protection through a simpler product design when compared to other annuities... Read More

Independent Broker-Dealers Score Big With Variable Annuities

While distribution channels like wirehouses and large national brokerage houses experienced slumps in variable annuity sales, independent broker-dealers saw big growth, according to a recent article from Investment News. Experts are crediting more attractive product features, the growing popularity of structured or buffer annuities and the disappearance of the fiduciary rule for the boost.In 2018, independent broker-dealers (IBDs) sold $39.4 billion of variable annuities, up $3.7 billion... Read More

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