ANNUITIES NEWS


FedEx buys $6 billion group annuity contract from MetLife to reduce pension obligations

The largest U.S. pension transaction by premium in the last five years continues the market trend of more plan sponsors transferring their pension obligations to insurance companies.

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Recent Annuities News

Formal retirement planning a ‘win-win’ for advisors and consumers

LIMRA SRI research confirms that formal retirement plans lead to significantly increased sales of annuities, while nearly half of affluent clients with a formal plan consolidate vast majority of their assets with their advisors.

New IRI Retirement Fact Book connects retirement risk and concepts with products and solutions

The Insured Retirement Institute’s newly released 2018 Fact Book intends to help insurance and financial advisors explain complicated retirement strategies and financial instruments in simple terms.

Annuities underutilized for tax-free LTC benefits, data suggests

New guide aims to educate consumers and financial professionals about how 1035 exchanges can provide advantages for tax and long-term care planning.

Nationwide on indy side: Carrier to transition to full independent agency distribution model by...

Approximately 2,000 existing agents who have been operating under the Nationwide brand may transition to an independent agency model or could stay captive under another carrier.

4 in 10 Boomers still have no retirement savings; yet only 3 in 10...

Baby boomers remain in large measure unprepared for retirement, having failed both to plan adequately and save enough, according to new study.

Turnover at the top: 4 key industry associations replacing CEOs

There may have never before been so much turnover within the top administrative posts of the life & health insurance industry’s leading national associations as we have seen in the past year – or perhaps even just the past month.

Zenith Marketing Group partners with Ash Brokerage

Zenith Marketing Group, a full service insurance brokerage agency based in Freehold, N.J., is joining Ash Brokerage, the largest privately held insurance brokerage in the United States, the companies announced recently.

After Fifth Circuit vacates Fiduciary Rule, NAFA & DOL agree to drop lawsuit

If the DOL does not seek a review of the decision by April 30, the court’s mandate will go into effect May 7, dissolving the rule. The DOL also has until June 13 to ask the U.S. Supreme Court to hear its appeal of the decision.

Annuity sales fall 8% in 2017 due to economic and regulatory challenges

Variable annuity sales dip 9%, marking first time in 20 years that annual VA sales fell below $100 billion. Jackson National Life, New York Life and Allianz Life top sales in variable annuities, fixed annuities and indexed annuities, respectively.

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.

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