Majority of annuity premium used to create guaranteed income
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.
Annuities
Evolution & Revolution: Report details year of disruption, adaptation for annuity market
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
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
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.
ACLI, IRI celebrate official 18-month delay of Fiduciary Rule
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.
Dividend Season: NYL, Guardian announce their biggest-ever payouts while NWM to divvy out $5.3B
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.
Pair of Senators honored for efforts to advance retirement security
Senators Orrin Hatch and Jon Tester honored with the Insured Retirement Institute’s “Champion of Retirement Security Award” at a Washington, D.C. event.
Delay in DOL Rule prompts LIMRA Secure Retirement Institute to adjust annuity sales forecast for 2018
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
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.
IRI inducts trio to Hall of Fame, names Top Industry Influencers Under 40, announces CEO Weatherford will retire
Insured Retirement Institute recognizes industry thought leaders at VISION 2017 annual meeting in Florida.
