ANNUITIES NEWS


Advisors on carriers: Product and fees are important, but service is the differentiator

While product features and competitive costs will initially get an advisor’s attention, ongoing service and support will keep it, a new LIMRA/EY study finds.

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Recent Annuities News

Transamerica opens state-of-the-art lab to evolve its business-building platform through agent input

Transamerica recently announced the opening of the Innovation Zone, a state-of-the-art lab in Johns Creek, Ga., where agents are welcome to review new technology as well as test and offer feedback on the future of these platforms.

Lion Street introduces platform offering path to independence for captive agents

New platform aims to show successful agents the value of true independent firm ownership.

Long search ends with Allianz exec being tapped as new leader at NAFA

After a nine-month search, the National Association for Fixed Annuities announces Charles J. “Chuck” DiVencenzo
will take over as its new President & CEO on April 1.

MDRT delivers new meeting focused on needs of U.S. and Canadian members

MDRT EDGE delivered a customized learning experience with a focus on providing up-to-date socio-political trends and exemplary industry practices to Engage, Develop, Grow and Empower its members’ businesses.

Advisors adding more services to better meet needs of retirees, pre-retirees

Analysis from the LIMRA Secure Retirement Institute shows that financial professionals across all channels are increasingly offering a broad array of common products and services to better help older Americans achieve retirement security.

FIAs smash sales record for second straight quarter, up 38% from 3Q 2017

Year-to-date, Fixed Indexed Annuity sales are 22% higher than the first three quarters of 2017. Variable annuity sales continue to rebound, increasing 25% from prior year according to 3Q sales report from LIMRA Secure Retirement Institute.

Annuity advocates react warmly to proposed SEC rule on VA disclosures

The Securities and Exchange Commission’s recent introduction of a proposal that would modernize the process of disclosing information about variable annuities was met with cries of “it’s about time” from annuity industry advocates.

First and foremost, consumers buy annuities to create retirement income

New LIMRA SRI study of annuity owners finds the top two reasons consumers buy annuities are to supplement Social Security/pension income and to receive guaranteed income payments for life. Two-thirds of pre-retirees say having enough money to last their lifetime is one of their top three goals of retirement.

Indexed annuity sales set records in 3Q: Wink

Non-variable annuity sales for the third quarter of 2018 increased 4.72% as compared to the prior quarter, and improved 0.46% as compared to the same period last year, based on preliminary sales by Wink’s Sales & Market Report released on Nov. 14.

Latest FIO report chock full of industry data and analysis

Seventh annual Dodd-Frank-mandated report shows U.S. still the world’s largest insurance market; provides a detailed analysis of the current state of the overall market.

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