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
FedEx buys $6 billion group annuity contract from MetLife to reduce pension obligations
The largest U.S. pension transaction by premium in the last five years continues the market trend of more plan sponsors transferring their pension obligations to insurance companies.
Formal retirement planning a ‘win-win’ for advisors and consumers
LIMRA SRI research confirms that formal retirement plans lead to significantly increased sales of annuities, while nearly half of affluent clients with a formal plan consolidate vast majority of their assets with their advisors.
New IRI Retirement Fact Book connects retirement risk and concepts with products and solutions
The Insured Retirement Institute’s newly released 2018 Fact Book intends to help insurance and financial advisors explain complicated retirement strategies and financial instruments in simple terms.
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.
Nationwide on indy side: Carrier to transition to full independent agency distribution model by mid-2020
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.
4 in 10 Boomers still have no retirement savings; yet only 3 in 10 expect to work past 70
Baby boomers remain in large measure unprepared for retirement, having failed both to plan adequately and save enough, according to new study.
Turnover at the top: 4 key industry associations replacing CEOs
There may have never before been so much turnover within the top administrative posts of the life & health insurance industry’s leading national associations as we have seen in the past year – or perhaps even just the past month.
Zenith Marketing Group partners with Ash Brokerage
Zenith Marketing Group, a full service insurance brokerage agency based in Freehold, N.J., is joining Ash Brokerage, the largest privately held insurance brokerage in the United States, the companies announced recently.
After Fifth Circuit vacates Fiduciary Rule, NAFA & DOL agree to drop lawsuit
If the DOL does not seek a review of the decision by April 30, the court’s mandate will go into effect May 7, dissolving the rule. The DOL also has until June 13 to ask the U.S. Supreme Court to hear its appeal of the decision.
