Finding the Right Annuity Product to fit Your Financial Puzzle

In "The right fit: Choosing the appropriate annuity," Paul Hechinger of On Wall Street discusses the need for complete clarity in the annuity industry. He says that it's important for advisors to fully understand their clients' needs, how annuities work and each annuity products' terms and compensation model. Advisors cannot recommend an annuity in good faith until they are clear on these topics. The author says that advisors should only recommend an annuity to their client if they would make... Read More

Indexed Annuity Industry Faces Challenges, But Sees Opportunity As Well

There is a lot going on in the annuity industry right now, particularly when it comes to fixed indexed annuity products. LifeHealthPro's Kristen Beckman interviewed Allianz Life's Eric Thomes about the state of the industry in the article "Allianz Life exec: Index variable annuities address market volatility fears." LIMRA SRI's annuity sales survey put Allianz Life Insurance Co. of North America as the 4th highest annuity seller during the first quarter of this year. The company had $3.3... Read More

Commission-Based Variable Annuity Can Still Be In Consumers’ Best Interest

After the DOL fiduciary guidelines, some people are under the false impression that all commission-based products are bad for consumers. This simply isn't the case. You have to take into account both the individual product details as well as the length of time that the product is held. In a recent article for Investment News, "Lincoln: Commissions Can Be Best Deal for Consumers," Cyril Tuohy compared how fee-based and commission-based investments effect consumers.Lincoln National looked at... Read More

The Five Types of Annuities That Can Work for You

People are turning to annuities in droves to help strengthen their financial plan for retirement. Barbara Freidberg wrote about the "5 Best Annuities for Your Financial Plan" in a recent article for Go Banking Rates. Annuities are a strong retirement income option because state insurance departments regulate the products. The best way to determine if an annuity is right in your personal financial planning is to understand how each different type of annuity works and the benefits they can offer... Read More

Don’t Base Annuity Decisions on the Wrong Information

There's no bones about it, retirement planning is hard. Many people don't even have enough money to save for retirement and instead rely on government services like Social Security, Medicare and Medicaid. For those of us who do have the ways and means to save for retirement, we have to make a lot of decisions regarding our money and what to do with it. Unfortunately, there are some misconceptions when it comes to making retirement plans. These misconceptions can lead Americans to make mistakes... Read More

Jackson’s Fee-Based Variable Annuity Forecasts the VA Market’s Future

It was no surprise that the Department of Labor enacted stringent rules on sellers of variable annuities within qualified plans in their new fiduciary rule. The new BICE guidelines require advisors and annuity distributors to ensure that any variable annuity sold is in the best interest of the person buying the product. There are many guidelines for annuity sellers to follow, something that will change the face of the variable annuity industry for the long haul. Investment News' Greg Iacurci... Read More

Add A Variable Annuity With A GMWB To Your Retirement Plan

Variable annuity products are often maligned in the financial world, but they can serve an important purpose in retirement planning for many Americans. In a recent article for The Woonsocket Call, "Building a sound retirement income plan," Chris Boules explains how variable annuities can help you account for the biggest risks you face in retirement. Volatile markets and an economy with relatively low interest rates in the recent past have many people worried about their future retirement funds.... Read More

How Clients’ Annuity Products Will Be Affected By DOL Rule

In the article, "5 questions clients may ask about the DOL fiduciary ruling," LifeHealthPro's Peggy Bresnick looks at the consumer's concerns about the new regulations. Consumers are wondering how their investments might be affected as well as how their relationship with their advisor might change. Both fixed indexed annuities and variable annuity products are now subject to BICE requirements, or the Best Interest Contract Exemption. The heightened fiduciary standards will affect advisors and... Read More

The Decline of the Variable Annuity

Last week, we wrote about the LIMRA Secure Retirement Institute sales results showing the strength of fixed annuities. Higher fixed annuity sales last year and to start this year came at the expense of variable annuity sales. Investment News' Greg Iacurci wrote about the decline of the variable annuity in the article "Variable annuity sales drop to lowest level in 15 years: LIMRA." There were two main contributors to this variable annuity decline, volatile markets and the impending DOL... Read More

Nine Groups Suing DOL over Indexed and Variable Annuity Rule

Everyone in the financial industry has been talking about the new DOL fiduciary rule that changed the regulations for both variable and fixed indexed annuity products. Some consumer groups think that this is a positive change for consumers, but may not be taking into account the ramifications for the insurance industry that could change the overall products. Those who sell annuity products are up in arms and worried that their industry will be negatively impacted for the long term. Many groups,... Read More - Prefooter

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