Results for "fixed annuities"

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Fixed-annuity sales rise even though rates are rock-bottom

May 5, 2014

The traditional fixed annuity — a product that credits a fixed rate of interest over a stated period of time — is heating up at broker-dealers. For example, LPL Financial reaped some $46.7 million for the first quarter in commission revenue...

Fixed annuity sales receiving added scrutiny from Finra

May 2, 2014

With broker-dealers selling a bigger share of indexed annuities, securities regulators are taking a closer look at policies and procedures around clients exchanging or giving up variable annuities in order to put those assets into products such...

Account opening is No. 1 tech concern: Survey

April 2, 2014

The challenge of capturing account-opening data has replaced social-media archiving as advisers' primary technology concern, according to a survey conducted by advisory think tank Beacon Strategies. In fact, 96% of the 55 broker-dealers surveyed...

Indexed annuities gain popularity while rates remain low

February 23, 2014

Indexed annuities, long the black sheep of retirement products, are enjoying a wave of popularity among financial advisers grappling with low interest rates. Indexed annuities are a type of fixed annuity that credits clients' accounts with a...

ING wins fixed-annuity deal as Allstate narrows focus

December 9, 2013

ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement products. The deal gives ING U.S. access to one of the...

Fixed-annuity sales driven by frustration with low interest rates, thirst for income

December 6, 2013

Fixed-annuity sales in the third quarter reached their highest level since 2009, topping $22 billion. That number represents a 31% rise from the previous quarter and more than a 35% increase from the same period last year, according a report...

Dynasty branches out to the insurance side

June 3, 2013

Dynasty Financial Partners LLC has launched a new service, Dynasty Insurance Services, to support its network of 18 firms in writing fixed-life-insurance, annuity, disability and long-term-care contracts. With advisers leaving wirehouses and...

Axa latest insurer to yank generous VA options

April 1, 2013

The variable annuity industry continues to shudder as companies become even more cautious in their offerings. Axa Equitable Life Insurance Co. last month notified clients that it will drop 26 investment options from its Accumulator variable...

The case for fixed-indexed annuities

December 9, 2012

So far this year, somewhere around $34 billion worth of fixed-indexed annuities have found their way into Americans' retirement portfolios. Though that's well below the $80 billion in variable annuities purchased, the gap is closing. And there...

Guggenheim's Security Benefit Life climbs among top fixed-annuity players

December 4, 2012

Security Benefit Life Insurance Co. helped push indexed-annuity sales to record levels in the third quarter, illustrating that offerings from private-equity-owned firms are no flash in the pan. The Guggenheim Partners LLC-backed insurer made...

Advisers not very confident on their annuity know-how

October 19, 2012

Despite their clients' interest in guaranteed income, many advisers still hesitate to recommend annuities. Much of that uncertainty appears to be tied to lack of understanding and experience with the insurance products, according to research...

Mutual insurers ramp up development of deferred-income annuities

October 2, 2012

Amid all the cooling in the annuity development space, one area is picking up steam: deferred-income annuities, or longevity insurance. On Monday, Northwestern Mutual Life Insurance Co. announced the release of its Select Portfolio Deferred...

GM follows in Ford's tracks, offers lump sum to retirees

June 1, 2012

Apparently, as Ford Motor goes, so goes GM. General Motors Co. on Friday announced plans to cut its pension obligation by $26 billion by offering lump-sum payments to about 42,000 white-collar retirees. The nation's largest automaker is also...

Annuities fell in 1Q; indexed up

May 27, 2012

Annuity sales took a dive during the first quarter, but sales of fixed indexed annuities jumped, thanks in large part to guaranteed-lifetime- withdrawal-benefit riders. Annuity sales fell to $54.8 billion in the quarter, down 8% from a year...

With VA bennies being jettisoned, customers hop on indexed annuities

May 23, 2012

Annuity sales took a dive during the first quarter, but sales of fixed indexed annuities jumped — thanks in large part to guaranteed lifetime withdrawal benefit riders. During the first three months of 2012, annuity sales fell by 8% compared...

Ratings upgrade a real benefit to Security Benefit, says insurer's boss

May 23, 2012

Now that Security Benefit Life Insurance Co.'s ratings have been bumped into the A range, chief executive Michael Kiley hopes to get more banks and broker-dealers selling the insurer's annuities. This month, Standard and Poor's raised the carrier's...

'Transformative events' shape client's financial thinking, survey finds

March 19, 2012

Even a solid income and respectable household net worth aren't always enough to keep investors from worrying about the future, according to the results of a new survey. A Citibank study of more than 600 U.S. adults with household incomes of...

Indie B-D reps flocking to fixed indexed annuities

March 14, 2012

Fixed indexed annuities were a hot product among independent broker-dealer reps last year as clients sought a safe-money alternative to CDs, made virtually worthless by low interest rates. Jackson National Life Insurance Co. was the top-selling...

Why hanging on to your older fixed annuity is a solid bet

January 18, 2012

Clients who decided to hold on to fixed annuities of the past are benefiting from attractive yields, making the products a standout among fixed-income investments. Financial advisers note that some of their investors are holding on to attractive...

Guggenheim scoops up insurer to build fixed indexed annuities

October 7, 2011

Guggenheim Partners LLC has bought EquiTrust Life Insurance Co., ramping up its presence in the fixed-indexed-annuity realm. The deal was announced in a filing with the Securities and Exchange Commission today. Guggenheim bought the insurer...

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