Stay on top of the latest news & trends affecting the annuity industry. Annuity FYI’s 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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Many Americans Are Unclear About Which Financial Products They Own

Life Happens, a nonprofit organization that is dedicated to helping Americans take personal financial responsibility, recently teamed up with LIMRA to publish a survey about the awareness of available financial services. According to a recent article from ThinkAdvisor, a major problem was identified through the research: American participants are unsure about what financial services products they actually own. The survey team used data from their 2019 Insurance Barometer Study, which was an... 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

Allianz Addresses RMD Challenges

Required minimum distributions, or RMDs, activate for retirement account holders at the age of 70 ½, and for those who don’t need the money that the government requires them to take, they can be problematic. A solution to this unavoidable conundrum isn’t always obvious, but one insurer is trying to fix that.  RMDs mandate that retirement account holders, aged 70 ½ and older, withdraw and pay tax on a percentage of an individual retirement account or 401(l). According to a recent... Read More

New and Improved Fixed Indexed Annuities From Athene

One of America’s leading providers of retirement savings products, Athene, has teamed up with Annexus, an independent designer of fixed indexed annuities (FIAs) to launch a new and improved suite of products. The new Athene®BCA® includes new indices designed by two renowned economists: Yale Professor Robert Shiller and Professor Jeremy Siegel of the Wharton School of Finance at the University of Pennsylvania. According to a recent press release, BCA 2.0 provides a variety of solutions... Read More

Stellar Year for Annuity Sales, Wink Reports

According to a recent Wink Sales & Market Report, annuity sales in 2018 were record breaking across the board. Non-variable deferred annuity sales jumped more than 10.1% in the fourth-quarter, compared to the previous quarter, and up nearly 55% over the same period last year. Total non-variable deferred annuities sales, including indexed annuities, traditional fixed annuities, and MYGA product lines, were $113.6 billion in 2018, an increase of 29.1% from 2017. Other highlights for... Read More

New Nationwide Annuity Rider Designed for Growth Potential

Indexed annuity designer Annexus has done it again, this time partnering up with Nationwide to develop a new lifetime withdrawal feature. Consumers now have the option of combining the new feature, the Nationwide High Point 365 Lifetime Income Benefit rider, exclusively with the company’s New Heights indexed annuities. According to a recent article from ThinkAdvisor, the rider “guarantees that the amount used to calculate future income will be at least 110% of the purchase payment plus... Read More

Jackson National to Offer More Fee-Based Annuities

The largest annuity seller, Jackson National, has teamed up with DPL Financial Partners, an insurance network for RIAs, to distribute annuity products through independent registered investment advisors. According to a recent InvestmentNews article, it’s the first time Jackson National has moved beyond traditional outlets to distribute three fee-based annuities. “For us it is the first time we’re trying to expand our overall distribution footprint,” said Scott Romine, president of... Read More

The State of Fixed Annuities

According to a recent Forbes article, most major asset classes had negative returns in 2018, and the world’s largest asset manager is warning of a 30-40% chance of a recession by 2020. Additionally, after a couple of years of consistent rate increases, the Fed has put a hiatus on any others. The combination of these factors make guaranteed returns, found in short-term CDs or longer-term fixed annuities (MYGAs), much more attractive. For those who aren’t familiar, CDs are offered for... Read More

Is an Indexed Annuity Right For You?

Given recent market volatility, it’s no surprise that many investors have lost their appetite for risk, even for those still accumulating assets. Of course, it’s important not to jump ship at the first sign of a market shift, but if your financial plan allows for adjustments, now might be an appropriate time to look into other investment options. Perhaps now is the time to review your risk allocation. One financial expert recently suggested (in an article from The Street) cutting back... Read More

Protect Qualified Retirement Savings With Annuity Add-On

A new annuity product from Lincoln Financial Group was recently announced in an effort to help savers maximize their retirement income on qualified savings. Lincoln IRA Income PlusSM is an optional benefit available with Lincoln variable annuities, according to an article from InsuranceNewsNet. “This is a very compelling option that helps clients looking for ways to maximize their retirement income taken from their tax-deferred accounts,” said John Kennedy, head of Retirement Solutions... Read More

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