Category: Fixed Annuities - Page 5

Annuity sales fall 8% in 2017 due to economic and regulatory challenges

March 26, 2018

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.

NAFA searching for new leader to tackle long-term goals

Insurance Forums Staff

March 8, 2018

Chip Anderson will be stepping down after three years as fixed annuity association hopes to have a new Executive Director on board in time for its mid-June leadership conference. NAFA is also urging financial professionals to tell Congress to pass the Retirement Enhancement and Savings Act (RESA) before the upcoming budget deadline of March 23.

Fiduciary Rule concerns spur 8% drop in total 2017 annuity sales

Insurance Forums Staff

February 21, 2018

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

Insurance Forums Staff

December 27, 2017

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

Insurance Forums Staff

December 18, 2017

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

Insurance Forums Staff

December 11, 2017

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

Insurance Forums Staff

November 29, 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.

David Noble honored posthumously with NAFA’s Bo Johnson Spirit Award

Brian Anderson

November 29, 2017

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.

Delay in DOL Rule prompts LIMRA Secure Retirement Institute to adjust annuity sales forecast for 2018

Insurance Forums Staff

November 1, 2017

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

Brian Anderson

October 11, 2017

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.

Annuity sales fall 8% in 2017 due to economic and regulatory challenges

NAFA searching for new leader to tackle long-term goals

Fiduciary Rule concerns spur 8% drop in total 2017 annuity sales

Voya Financial selling its closed block variable annuity, fixed and fixed indexed annuity businesses

Majority of annuity premium used to create guaranteed income

Evolution & Revolution: Report details year of disruption, adaptation for annuity market

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

David Noble honored posthumously with NAFA’s Bo Johnson Spirit Award

Delay in DOL Rule prompts LIMRA Secure Retirement Institute to adjust annuity sales forecast for 2018

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

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