Majority of Americans still unsure about full benefits of permanent life coverage

Allianz Life’s 2018 Life Insurance Needs Survey finds consumers interested but undereducated about living and tax benefits of whole life, which provides an opportunity for financial professionals to bridge the education gap.

Annuities Discussion

Recent Annuities News

NAFA searching for new leader to tackle long-term goals

Chip Anderson will be stepping down after three years as fixed annuity association hopes to have a new Executive Director on board in time for its mid-June leadership conference. NAFA is also urging financial professionals to tell Congress to pass the Retirement Enhancement and Savings Act (RESA) before the upcoming budget deadline of March 23.

Agents Behaving Badly Part V: Five recently charged or sentenced due to insurance fraud

A fearsome fivesome for the fifth installment of our occasional series on ethics-challenged agents running afoul of the law.

Retirees who own an annuity are more confident about maintaining lifestyle

Study finds the retiree annuity ownership rate is nearly 70% higher among households that have completed a formal plan than households without plans, yet advisors report they have completed formal retirement income plans for only 35% of their retired clients.

Expanded retirement savings opportunities, better access to annuities among IRI policy priorities for 2018

Just-released 2018 Retirement Security Blueprint focused on expanding opportunities to save for retirement, increasing access to lifetime income and protecting older investors.

Fiduciary Rule concerns spur 8% drop in total 2017 annuity sales

Uncertainty over DOL’s partially implemented rule blamed for 5% decline in fixed indexed annuity sales, the product line’s first annual decline since 2009, according to just released figures from LIMRA’s Secure Retirement Institute.

Industry Briefs: A quick look at recent life and annuity news of note

Here’s a roundup of some of the news and events from a wide range of topics coming across the wires from life and health industry organizations and companies lately.

With DOL rule delayed, New York proposes its own consumer protections for life and...

Proposed regulation would require that life insurance and annuity sales meet a "Best Interest" standard that protects consumers from unnecessarily high costs and conflicted financial advice.

Voya Financial selling its closed block variable annuity, fixed and fixed indexed annuity businesses

Athene part of a consortium of investors involved, and will take over the significant majority of Voya’s individual fixed and fixed indexed annuity policies in force with approximately $19 billion of account value.

Majority of annuity premium used to create guaranteed income

Study finds those who bought annuities designed for accumulation tend to be under 61, while buyers over age 62 tend to purchase annuities designed to create guaranteed income.

Evolution & Revolution: Report details year of disruption, adaptation for annuity market

As total annuity sales drop 15% in 3Q compared to last year, IRI’s “State of the Industry” identifies and predicts sales trends impacted by uncertainty over the DOL Fiduciary Rule.

Annuities Articles Archive