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.
Recent Fixed Annuities Insurance News
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.
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.
Quarterly U.S. annuity sales fell below the $50 billion mark for the first time in 15 years during the third quarter of 2017 according to LIMRA Secure Retirement Institute’s Third Quarter 2017 U.S. Retail Annuity Sales Survey, released on Nov. 29.
Famed indexed annuity pioneer – and leader of the fight against Rule 151A – named as this year’s recipient of the lifetime achievement award during recent NAFA Annuity Distribution Summit in San Diego.
While 2017 annuity sales totals are still tracking toward a decline, the Institute has revised its 2018 forecast and now predicts a 5% increase of overall annuity sales next year.
A North Carolina company has entered into an agreement to buy LBL in a deal expected to lead to Lincoln Benefit Life back into selling life insurance and annuity products.
Department of Labor proposal released Wednesday would extend the transition period and delay of applicability from Jan. 1, 2018, to July 1, 2019.
WASHINGTON (Apr. 21, 2016) — NAFA, the National Association for Fixed Annuities, announced today that its Board of Directors authorized staff to consider all...
PHOENIX – The Department of Labor's own evidence to support its new fiduciary-only rule actually undermines the DOL's justification for its unwarranted disruption of...
Washington, D.C., April 8, 2015 - Following a widespread and in-depth search across multiple industries, the National Association for Fixed Annuities (NAFA) is proud...