AIG takes top overall spot in annuity sales during record-breaking 2018
For the first time since 2007, AIG Companies has taken over as the top seller of annuities according to recently released data from the LIMRA Secure Retirement Institute.
New leader quick to update IRI’s mission and vision
Annuity industry insider shares accomplishments at REACH event less than two months into his tenure, including unveiling a set of strategic priorities for 2019 and quarterly “town hall” conference calls.
6 big annuity carriers boost Envestnet Insurance Exchange platform launch
Independent advisors can gain access to robust selection of variable, structured, fixed and indexed annuities on single, integrated platform.
Vacated Fiduciary Rule, higher interest rates lead to record 2018 annuity sales
Total annuity sales have best quarter in a decade, led by fixed annuity sales hitting all-time high, LIMRA Secure Retirement Institute reports.
Long search ends with Allianz exec being tapped as new leader at NAFA
After a nine-month search, the National Association for Fixed Annuities announces Charles J. “Chuck” DiVencenzo will take over as its new President & CEO on April 1.
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.
First and foremost, consumers buy annuities to create retirement income
New LIMRA SRI study of annuity owners finds the top two reasons consumers buy annuities are to supplement Social Security/pension income and to receive guaranteed income payments for life. Two-thirds of pre-retirees say having enough money to last their lifetime is one of their top three goals of retirement.
Indexed annuity sales set records in 3Q: Wink
Non-variable annuity sales for the third quarter of 2018 increased 4.72% as compared to the prior quarter, and improved 0.46% as compared to the same period last year, based on preliminary sales by Wink’s Sales & Market Report released on Nov. 14.
Annuity proponents praise bill that would make it easier to include annuities in retirement...
An amendment in The Family Savings Act, HR 6757 passed by the House of Representatives on Sept. 27, would improve access to annuities by removing barriers restricting the types of small business employers permitted to band together to offer a retirement plan.
Ohio National exits annuity market, shifts to exclusive focus on life and disability income...
Under the new plan, effective September 15, the company will no longer accept applications for annuities or new retirement plans, while continuing to service and support existing clients in both businesses. As a result of this decision, the company will reduce its workforce by approximately 300 positions.