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Western National

Three Out of Four Fixed Annuities Increased

According to Insurance Networking News' Justin Stephani, "Annuity Writers Show Significant Growth."  In a fixed annuity study performed by Beacon Research, they found that despite an annuity rates comparison showing declining interest rates, fixed annuity sales increased 8% quarter to quarter and 3% year to year.  These results from the first half of this year coincide with similar reports from LIMRA and the Insured Retirement Institute.  LIMRA found a 19% year over year increase for total... Read More

Fixed Annuity Collaboration

BBVA Compass is collaborating with Western National Life Insurance Company on a new fixed annuity product, according to Insurance News Net's "BBVA Compass Announces Strategic Alliance with Western National to Launch Branded Annuity."  The BBVA Compass Asset Annuity has a flexible-premium and is tax deferred.  It is only offered through BBVA Compass Insurance Agency, Inc., but is guaranteed by Western National, a leader in the fixed annuities market.  This marks the first time that BBVA... Read More

Fixed Annuity Sales Up From First Quarter

According to Investment News' article "NY Life tops 2Q list of fixed-annuities sellers" by Darla Mercado, fixed annuity sales increased from the first quarter of this year to the second quarter.  With sales of $19.4 billion in the second quarter, fixed annuity sales increased 18% from the first quarter but went down 30% from last year.  New York Life Insurance Co. sold $1.74 billion of fixed annuities to nab the top sales spot.  Allianz Life Insurance Co. of North America had the second... Read More

Despite a Fixed Annuity Decline, Annuity Sales Boomed in 2009

Investment News' Darla Mercado summarizes the variable and fixed annuity sales of 2009 in her article "Banks' annuity fee income rose, FA sales fell in '09 3Q."  Through the first three quarters of last year, bank holding companies saw the fee income from their annuity sales increase.  The sale of fixed annuities however, decreased in the third quarter due to their decline in popularity through 2009.  With $2 billion in fee income from variable and fixed annuity sales during the first three... Read More

Fixed Annuities Booming Thanks to Your Bailout

In "AIG Learns It's All in the Name" from FinancialPlanning.com, we learn that taxpayers' bailout dollars have helped AIG bounce back faster than many expected.  American International Group is one of the few insurance companies that has successfully come back from the financial mess it was in through creative branding.  It's subsidiary was previously named AIG Annuity Insurance Co. but was switched this year to Western National Life Insurance Co.  That distancing from the tarnished brand... Read More

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