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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Strong Year-End Annuity Sales Suggest Promise in 2019

The final 2018 market data for the U.S. annuity industry was recently released showing record quarterly highs for both fixed index annuity sales and variable annuity assets. According to a recent InsuranceNewsNet article, highlights from the data include: Total Annuity Sales Industry-wide annuity sales in the third quarter of 2018: $54.9 billion 2.0% decrease from sales of $56 billion during the second quarter of 2018 20% higher versus third quarter of 2017 sales of $45.8... Read More

Need Retirement Income Now? Consider an Immediate Annuity

For most retirees, the biggest fear later in life is running out of money. One of the only solutions to this issue is purchasing a life-long stream of income, or annuity product. With an immediate annuity, you pay a lump-sum up front and then begin receiving a regular income stream right away. While these products have traditionally been fairly inflexible, newer options are meeting the needs of more investors. Immediate annuities traditionally paid out fixed amounts with no adjustment for... Read More

DPL Teams with Security Benefit to Offer New MYGA

The insurance network for registered investment advisors, DPL Financial Partners, has just announced an exclusive agreement with Security Benefit Life Insurance Company to offer a four-year version of Security Benefit’s Advanced Choice Fixed Annuity to RIAs across the country. According to a recent press release, Advanced Choice is a multi-year guaranteed rate annuity (MYGA) product, and it will only be offered commission-free through DPL. “With volatility in the market and people... Read More

Many States Look to Add Annuity ‘Best Interest’ Regulations

According to a recent article from InsuranceNewsNet, several states are considering the addition of a “fiduciary duty” on insurance agents in the form of new regulations, and many aren’t too happy about it. Majority of the 14 states talking about regulation are big, heavily populated states where progressives are in key political positions, like California and New Jersey. “There’s a narrative that we have to fix something but there’s no evidence that there’s something that... Read More

Ameritas Launches First Annuity Connected to New S&P Index

A new indexed annuity from Ameritas Life Insurance Corp. was recently launched, tracking four indices including the new uncapped S&P 500 Sector Rotator Daily RC2 5% Index. According to a recent article from InsuranceNewsNet, Ameritas Accumulation 7 Index Annuity (Accumulation 7 IA) was released last month to help consumers meet their asset accumulation goals. “The new S&P 500 index was launched on October 19, 2018 and is designed to measure an uptrend in the sectors that provide... Read More

LIMRA Study Shows Younger Investors Interested in Annuities

According to a recent article in PLANSPONSOR magazine, research has shown that individuals who are most likely to be interested in annuities are those who are younger and still working. The study, conducted by LIMRA Secure Retirement Institute (LIMRA SRI), was aimed at learning more about the consumers who were debating the purchase of an annuity but decided not to in the end.   42% of participants claim they were open to the idea of annuities, and consider them good products. They even... Read More

3rd Quarter Report: Fixed Annuity Sales Continue to Rise

Sales of non-variable annuities continue to rise as recently reported in the latest Wink’s Sales & Market Report. According to an article from InsuranceNewsNet, in the third quarter of 2018, sales jumped 4.72% from the prior quarter and a whopping 46.26% when compared to the same period in 2017. Indexed, traditional fixed and MYGA annuity products were included in the report. Third quarter report highlights include: Indexed annuity sales increased more than 2% when compared to... Read More

New Fixed Index Annuity Boasts Flexible Liquidity

According to a recent press release, North American Company for Life and Health Insurance has just launched a new fixed index annuity that offers flexible liquidity while building guaranteed income for life. The Strategic Design Annuity X (SDA X) is the industry’s first fixed index annuity to offer a penalty free withdrawal feature. “SDA X is designed to be as dynamic as life itself,” said Rhonda Elming, North American’s senior vice president of annuity product development.... Read More

Charitable Gift Annuities Offer Win-Win for Many Retirees

Under the new tax law, many investors are finding that donor-advised funds and qualified charitable distributions are the best option for charitable giving, but there’s another choice that might work best for you. A charitable gift annuity could allow you to to meet philanthropic goals while providing a stream of guaranteed retirement income. “A gift annuity may not be a well-known tool, but it can be a wonderful fit, particularly for seniors,” said Jim Soft, planned giving... Read More

Structured Settlements and the Incentives That Complicate Them

Every year, thousands of individuals are involved in accidents that require years of medical care, often funded by a lump-sum financial settlement. Because it can be extremely challenging to manage such care with an all-cash settlement, many end up settling legal claims with a structured settlement. This means they trade a cash settlement for long-term, tax-free income that is funded by an annuity. It’s a wise decision and encouraged by the federal tax code, but did you know that special... Read More

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