Wink’s Sales & Market Report finds total deferred annuity sales only declined slightly in the first quarter of the year in spite of the coronavirus pandemic.
Alliance for Lifetime Income study finds 1 in 4 Americans have a lower risk tolerance for future retirement investments because of the COVID-19 pandemic.
Iowa becomes first state to formally adopt the NAIC’s updated model, which requires annuity agents to act in the best interest of clients.
Secure Retirement Institute report also finds registered index-linked annuities break quarterly sales record, topping $5 billion.
Insured Retirement Institute proposes plan to assist retirement savers who have lost jobs, access to participate in a workplace retirement plan and experienced losses in their retirement account values due the COVID-19 virus pandemic.
Hardest-hit state also sets special health insurance enrollment period April 1-15 through New York State’s Health Plan Marketplace.
Legislation allows limited, early withdrawals from retirement accounts, deferred RMD in 2020.
IRI calls amendments to streamline and simplify critical disclosures for investors in variable annuity and life insurance products a “major leap forward.”
Fixed indexed annuity sales break all-time record thanks to strong performance in the first half of the year, according to Secure Retirement Institute data.
State regulators revise model to require producers act in customer’s best interest when recommending annuity products.