Great American Life rallies for industry change, overcomes major taxation hurdle for fee-based annuities
Private Letter Ruling from the IRS changes the tax treatment of advisory fees on fixed indexed annuities
Recent Indexed Annuities News
Combined sales of fixed and variable annuities totaled $57.8 billion in the first quarter this year, a 17.5% increase compared to 2018.
The Alliance for Lifetime Income, supported by financial services firms, is the sole sponsor of the Stones’ “No Filter” tour, which kicks off in Chicago June 21.
New sales forecast from LIMRA’s Secure Retirement Institute predicts IA sales will continue to drive sales growth while variable annuities see further declines before rebounding in 2022.
For the first time since 2007, AIG Companies has taken over as the top seller of annuities according to recently released data from the LIMRA Secure Retirement Institute.
Annuity industry insider shares accomplishments at REACH event less than two months into his tenure, including unveiling a set of strategic priorities for 2019 and quarterly “town hall” conference calls.
Independent advisors can gain access to robust selection of variable, structured, fixed and indexed annuities on single, integrated platform.
Total annuity sales have best quarter in a decade, led by fixed annuity sales hitting all-time high, LIMRA Secure Retirement Institute reports.
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.
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.
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.