Results for "fixed annuities"

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Variable annuity players join the fixed indexed annuity fray

September 29, 2011

Carriers that have been stalwarts in the variable annuity industry are trying their hand at manufacturing and selling fixed indexed annuities. John Hancock Annuities earlier this month launched its Inflation Guard annuity, which credits a fixed...

Fixed and indexed annuity sales crept upward during 2Q

August 26, 2011

Benefiting from depressed rates on certificates of deposit, indexed annuity sales experienced a bump in sales during the second quarter. Sales of the products surged to $8.4 billion, growing 18% from the first quarter. Meanwhile, income annuities...

Ratings aside, new Security Benefit CEO aims for stronger retirement product presence

August 12, 2011

Insurance and investment veteran Michael Kiley, who will take the helm of Security Benefit Corp. on Sept. 30, is setting his expectations high. The insurer, which is undergoing a turnaround under the ownership of Guggenheim Partners LLC, moved...

Iowa to shed light on sources of insurance funding

May 29, 2011

In a move that could affect the sales of securities and insurance in the state, Iowa's insurance regulator this week is expected to issue guidance on how far insurance agents and brokers can go in advising clients on the suitable sources of...

Insurers likely to sweeten indexed annuities

February 27, 2011

Higher interest rates are likely to result in insurers' sweetening their fixed-indexed-annuity offerings this year as they try to catch a wave of renewed investor interest. Allianz Life Insurance Company of North America, for instance, recently...

Variable annuities finally outselling fixed annuities in banks

November 23, 2010

Variable annuities in the third quarter outsold their fixed counterparts in the bank channel for the first time in nearly three years. Sales of variable annuities in the bank channel held steady in September, totaling $1.4 billion. While that's...

Insurers to be responsible for fixed-annuity suitability

April 4, 2010

Fixed-annuity sales are about to receive a new layer of supervision from state regulators. Late last month, the National Association of Insurance Commissioners — whose members are the elected or appointed state officials who regulate insurance...

Fixed-annuity sales down in 4Q and full-year 2009

February 21, 2010

Fixed-annuity sales slid in the fourth quarter and dropped off slightly for the full year of 2009. All told, fixed-annuity sales last year topped $105 billion, according to data from Beacon Research Publications Inc. and the Insured Retirement...

Fixed annuity sales slid in '09

February 17, 2010

Fixed annuity sales slid in the fourth quarter of 2009 — and dropped off slightly for the full year. All told, fixed annuity sales last year topped $105 billion, according to data from Beacon Research Publications Inc. and the Insured Retirement...

AIG-free branding helps push Western National past FA rivals

January 19, 2010

Western National Life, an AIG Inc. subsidiary, emerged as the top fixed-annuity seller in the bank channel during the third quarter of 2009, displacing rival New York Life Insurance Co., according to data from Beacon Research Publications Inc....

Third-quarter sales of fixed annuities slipped 21%

November 29, 2009

Sales of fixed annuities fell during the third quarter to $21.9 billion, a 21% decline from a year earlier, according to data from Beacon Research Publications Inc. But for the first three quarters of the year, total sales of fixed annuities...

Sales of fixed annuities trail off in the third quarter

November 23, 2009

Sales of fixed annuities fell during the third quarter to $21.9 billion, reflecting a decline of 21% from the year-ago period, according to data from Beacon Research. During the first three quarters, total sales of fixed annuities were $84.5...

Second-quarter fixed-annuity sales rose 10% to $27.8 billion, Beacon Research reports

August 31, 2009

Overall sales of fixed annuities hit $27.8 billion during the second quarter, up 10% from a year earlier but down 20% from the first quarter this year, according to data from Beacon Research Publications Inc. Book-value fixed annuities, which...

Individual and variable annuity sales tumbled in 2Q, LIMRA reports

August 24, 2009

Total individual-annuity sales tumbled during the second quarter as carriers’ new business slowed and fixed-annuity interest rates fell, although sales for all fixed annuities fared better, according to data from LIMRA Individual-annuity sales...

Finra suitability proposal raises hackles of those in the fixed-annuities industry

June 14, 2009

The Financial Industry Regulatory Authority Inc.'s proposal to widen its purview to include non-securities products has left some in the fixed-annuities industry gnashing their teeth. Finra is seeking comments on Regulatory Notice 09-25, which...

Fixed annuities again surpass VAs in sales

May 28, 2009

Fixed annuities continued to outsell their variable counterparts in the first quarter, according to data from LIMRA International Inc. of Windsor, Conn. For a second consecutive quarter, fixed annuities beat variable annuities, raking in $35.6...

Require 401(k) plans to offer fixed-income products, key congressman says

April 15, 2009

Requiring annuities or other fixed-income products be included as an option in 401(k) plans is being considered by the House Education and Labor Committee, said Rep. Robert Andrews, D-N.J., chairman of the committee’s Health, Employment, Labor...

Fixed annuity sales skyrocket in quarter

December 1, 2008

Fixed annuity sales in the United States hit $27.1 billion in the third quarter, up by 54% from the third quarter of 2007, according to data from Beacon Research of Evanston, Ill. Sales from the third quarter mark a six-year record since the...

Fixed-annuity sales fuel overall growth

September 4, 2008

Overall individual-annuity sales grew 4% during the second quarter, buoyed by a spike in fixed-annuity sales, according to Limra International Inc. U.S. individual-annuity sales grew to $68.4 billion during the second quarter, up from $65.7...

NAILBA: Fixed indexed annuities not securities

August 27, 2008

The National Association of Independent Life Brokerage Agencies has announced its opposition to the Securities and Exchange Commission’s regulation of fixed indexed annuities as securities. A key provision in proposed Rule 151A states that...

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