In “The Four Types of Annuities” by Stephen P. Poitevint of The Post-Searchlight, Poitevant explains the four basic types of annuities. Annuity products in general are increasing in popularity because investors want to make sure that their money lasts as long as they do. Fixed …
According to a press release by Beacon Research, fixed annuity sales estimates in the U.S. for the first quarter of this year were $34.9 billion. The Fixed Annuity Premium Study comprised of data from 53 insurance companies, which account for about 86% of this market. …
For the first time in awhile, fixed annuities are selling better than variable annuities. It’s no wonder with a financial marketplace that has been less than stable recently. New York Life sells more immediate fixed annuities than anyone; they have seen an 80% increase in …
A press release from Florida’s Chief Financial Officer Alex Sink details new legislation the state has passed to protect residents from annuities fraud. Specifically, it bans the practice known as “twisting”, where an unscrupulous agent combines several annuities into one with a different holiday. The …
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