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.

FIAs smash sales record for second straight quarter, up 38% from 3Q 2017

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.

Gen X, Millennials likely to support aging parents… but aren’t planning for it

New research from AgeUp reveals a majority of Millennials and Gen Xers expect to financially support their parents in their old age, but few...

DOL wants more public input on Fiduciary Rule

Comments - some due by July 21 - seek input on whether to delay the Jan. 1 full implementation date and suggestions for streamlining the Rule's major provisions.

Magic Johnson Enterprises acquires EquiTrust Life

LOS ANGELES – Magic Johnson Enterprises (MJE), the urban-focused conglomerate founded by NBA legend and two-time Hall of Famer Earvin “Magic” Johnson, on June...

Nationwide on indy side: Carrier to transition to full independent agency distribution model by...

Approximately 2,000 existing agents who have been operating under the Nationwide brand may transition to an independent agency model or could stay captive under another carrier.

Genworth suspends LTCI, annuity sales through BGA channel

Company has temporarily suspended sales of individual long-term care insurance and income Assurance Annuity products through the brokerage general agency channel in all states, effective as of Monday, March 11.

The Best Fixed Index Annuities Based on Cash Accumulation

One annuity salesman is contracted for many annuity carriers and keeps up on their caps, participation rates, spreads, etc.  He appealed to the forum...

DOL Fiduciary Rule will go into effect June 9

Labor Secretary Acosta announces initial implementation will begin June 9 as the agency will continue to review the rule up until final implementation on January 1, 2018.

Protecting and expanding retirement security access is goal of IRI’s just-released 2017 advocacy blueprint

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) released its 2017 Retirement Security Blueprint during a live conference call on Monday. The Blueprint is...