Variable Annuities

New Variable Annuities from Charles Schwab

Charles Schwab recently teamed up with Protective Life Insurance Company to launch two new variable annuity products. The Schwab Genesis Variable Annuity will be offered directly to Schwab clients, while the Schwab Genesis Advisory Variable Annuity will be available through independent RIAs. According to a recent ThinkAdvisor article, both products have base annuity fees of 40% to 75% below the industry average.SGVA boasts a total variable account annual expense of 0.45%, excluding optional... Read More

Top Annuity Picks for the New Year

The end of the calendar year is a time when many of us choose to assess the state of our finances and plan for both long and short-term retirement goals.With this in mind, we are excited to share Annuity FYI's Top Picks for the New Year.  We have selected what we consider to be some of the most competitive products on the market heading into 2021.  We've identified Top Picks in the following categories:  Fixed Indexed Growth, Fixed Indexed Income, Variable Growth, and Variable... Read More

Annuity Sales Trends

If you watch financial news headlines you may have seen recent stories about a slump in annuity sales. However, the downturn, which many attribute to historic low interest rates, hasn’t affected all annuity products. In fact, products designed to protect against market volatility with an opportunity for slight gains in economic turmoil have favored well, according to a recent Financial Planning article. Compared to last year’s numbers, both fixed-rate deferred annuities, such as... Read More

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

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

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