The quarterly sales growth was the highest since 1983, according to Limra.
Selling unneeded insurance policies to a third party can provide retirees with needed income.
Although sales figures were down considerably for most categories compared with the first quarter of 2020, fixed-rate deferred annuities and registered index-linked annuities, or RILAs, saw purchases up by 46% and 89%, respectively, according to a report from Limra’s Secure Retirement Institute.
One of life’s most challenging circumstances is caring for a loved one. Here’s how advisers can help female clients who are thrust into the role.
The B-D's $1.3 million settlement with the regulator involves its failure to supervise adequately a complex series of transactions involving variable annuities and whole life insurance policies.
The court found that the rule was unconstitutionally vague and gave the state too much latitude to find violations.
The annuities business, while being an early mover, still lags where some consumers want to see it, according to NYDIG. Recently, several insurance companies have made big investments in the firm.
Halo Investing will offer fixed, variable and registered index-linked annuities from several carriers.
The number of carriers on its RIA custodial platform increased to 20 from seven and the number of fee-based products rose to 70.
The insurer recently won a long-running case brought by several brokers, though it is fighting several other suits from broker-dealers.
While it's simple to choose annuity providers based on price and payout rates, those costs and rates can change frequently, so the best options today might not be as good in several years, a new report concludes.
Advisers can utilize cutting-edge financial planning tools to help ease clients' concerns by showing them how they can save to cover medical expenses during retirement.
Unloading the business could bring in more than $2 billion, as CEO Charles Lowrey executes a three-year strategy to transform the business.
The pandemic has driven substantial divergence between innovative health care companies and those that have lost market share because of failing to address demands created by the spread of the virus.
Luma aims to get a broader set of advisers to engage with annuities with access to the Cannex database and annuity-focused tools.
Recently, Nebraska, Idaho and North Dakota passed rules matching NAIC’s standard, joining other states on the roster: Arkansas, Arizona, Delaware, Iowa, Michigan and Rhode Island.
The trade group says its members could save as much as 50% over the cost of health coverage on the open market.
We can learn from the last year and look back on it as a catalyst to achieve long-term, sustainable and far-reaching positive change.
Data from InvestmentNews Research and an annuities webcast show that more advisers are interested in the products.
Not having a retirement income solution within a DC plan is like having the pilots on a commercial flight parachute off midflight, forcing passengers to land the plane.
