Variable Annuities NEWS


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.

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Recent Variable Annuities News

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.

Total U.S. annuity sales hit 15-year low in 3Q 2017

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.

Delay in DOL Rule prompts LIMRA Secure Retirement Institute to adjust annuity sales forecast...

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.

Lincoln Benefit Life being acquired; may resume life and annuity sales

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.

Signing On With A Fee-Based IMO: A Win-Win?

What would your thoughts be on a fee-based IMO?  An agent in the forum posed the idea of an IMO that charged a fee...

Marketing Annuities: The Do’s and Dont’s

Annuities are some of the more complicated insurance products out there.  While even the most basic double as somewhat sophisticated financial instruments, it’s more...

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