Stay on top of the latest news & trends affecting the annuity industry. The AnnuityFYI annuity blog is regularly updated with original articles covering products, insurance company news and financial expert’s commentary. Whether you are an annuity owner or financial professional, Annuity FYI’s blog will keep you informed.

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Should There Be a Larger Role for Annuities in Your 401(k)?

A recent feature by Anne Tergesen in the Wall Street Journal showcases several proposals for the future of 401(k) retirement plans. Originally intended as a supplement to pension plans, a 401(k) plan now tends to serve as the main source of retirement income for most people. Unfortunately, those people with the bad fortune to retire in a slumping stock market (like the current situation) are in danger of retiring in poverty.Brookings Institution senior fellows Mark Iwry, Lina Walker, and... Read More

First Immediate Annuity from Securian

According to The Retirement Reporter, Securian Financial Group has begun to offer its inagural single premium immediate annuity (SPIA). The product is called IncomeToday! After paying an initial $25,000 premium, IncomeToday! provides continuous fixed payments, either for life or a defined period of time. This SPIA is available from Securian's Minnesota Life subsidiary for individuals 90 years old or under.Immediate annuities are pension-like plans that provide greater security than other... Read More

ING Annuities & Retirement Units Split

ING Group is reorganizing its American wealth management business, says Darla Mercado of InvestmentNews. The Dutch firm is dividing its U.S. unit into separate divisions for annuities, retirement services, investments, and insurance. ING's largest businesses are its retirement and annuity units.Darla also reports that ING has several new executives for these units.  Wealth management CEO Kathleen Murthy is departing ING and her position will be replaced with separate CEOs for each... Read More

Variable Annuity Sales Drop in Q3, Say Insurers

LIMRA, a trade group of insurers, has just released their quarterly report for the life insurance industry. In the third quarter results, variable annuity options took a significant hit amid the recent stock market confusion.According to their press release:Variable annuity sales are off by 17% Variable life insurance and variable universal life sales have dropped 33% in the last quarter.LIMRA product research analyst Ashley Durham blames the struggling equity market for this... Read More

Important Changes in Variable Annuities

Wall Street Journal reporters Leslie Scism and Liam Pleven recently highlighted the modifications made by insurers to variable annuity benefits. These annuities have been very popular with baby boomers looking for a safer retirement plan with tax benefits and a minimum return. However, the current slump in the economy has made many insurers unable to meet investment guarantees. It has increased the cost of hedging to fight the downside of these annuities; in the year it ending October 31, the... Read More

Variable & Fixed Annuities: Good Recession Investment

The incoming Obama administration will likely increase taxes on individuals in higher tax brackets.  Gail Liberman from the Palm Beach Daily News suggests that annuities are a very good option for these investors in the current economic climate. Tax-deferred fixed annuities and variable annuities are options that will keep your money safe and sound. Variable annuities often include principal guarantees and allow you to invest in stocks and bonds. However, their annual charges may be... Read More

MassMutual Suspending Sale of GMIB

MassMutual has announced that it will be suspending sales of its Guaranteed Income Plus 6 rider on December 2, 2008.Features include...-Guaranteed 6% annual compounding rate-Immediate withdrawals-Annual re-setVisit our GMIB page to learn more about the Guaranteed Income Plus... Read More

AIG – Is Your Policy Safe?

Brett Arends of The Wallstreet Journal Online recently addressed concerns of AIG policyholders.Brett explains that there are three separate barriers protecting your retirement annuity, long term care, or other type of insurance policy.-AIG on Wall Street is an umbrella company, while the policy is actually held by a subsidiary in your state.  The policy is backed by assets and insulated from the parent company's woes.-If the state level subsidiary did get into financial difficulty,... Read More - Prefooter


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