Variable Annuities NEWS


Ohio National exits annuity market, shifts to exclusive focus on life and disability income...

Under the new plan, effective September 15, the company will no longer accept applications for annuities or new retirement plans, while continuing to service and support existing clients in both businesses. As a result of this decision, the company will reduce its workforce by approximately 300 positions.

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Recent Variable Annuities News

Total annuity sales jump 10% in 2Q 2018; FIAs shatter quarterly sales record

New LIMRA Secure Retirement Institute report shows increase bumped by spike in fixed indexed annuity sales.

Total annuity sales expected to improve through 2019

Improved economic and regulatory conditions have prompted LIMRA Secure Retirement Institute to forecast total annuity sales to increase 5-10% in 2018 and improve up to 5% in 2019.

Fixed annuity sales on the rise so far in 2018

Industry-wide annuity sales up slightly according to IRI’s First Quarter 2018 Annuity Sales Report.

Indexed annuity sales off to strong start in 2018

With the DOL fiduciary rule being vacated, the LIMRA Secure Retirement Institute is now forecasting an indexed annuity sales increase between 5 and 10% this year.

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.

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.

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.

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.

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