Proposed regulation would require that life insurance and annuity sales meet a "Best Interest" standard that protects consumers from unnecessarily high costs and conflicted financial advice.
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.
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.
Both the Insured Retirement Institute (IRI) and the American Council of Life Insurers (ACLI) applauded the Department of Labor’s decision Monday to delay provisions of the fiduciary regulation for 18 months in separate statements released Monday.
It’s dividend announcement season for the country’s large mutual insurance companies, who have recently revealed the amount of 2018 dividend payments to policyowners.
Senators Orrin Hatch and Jon Tester honored with the Insured Retirement Institute’s “Champion of Retirement Security Award” at a Washington, D.C. event.
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.