Results for "fixed annuities"

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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...

Fixed-annuity sales zoom in second quarter

August 25, 2008

Fixed-annuity sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007, according to Beacon Research. Book value annuities, which pay a declared rate of interest for a specified period, brought...

ING announces fixed index annuities

December 19, 2007

ING USA Annuity and Life Insurance Co. has introduced the ING Envoy Fixed Index Annuity family of products. This new line of fixed index annuities gives customers “windows of opportunity” in which they can withdraw from the policy without...

Fixed-income annuities get thumbs up

November 12, 2007

Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth for an investor than a portfolio of equity and bond investments — even in an “up” market, according to a study released today. MassMutual Financial...

Citigroup snaps up Carlton Hill

October 31, 2007

Citigroup Inc. has announced plans to buy Carlton Hill Global Capital LLC, a New York-based fixed-income money manager, according to published reports. Citigroup, the United States’ largest bank, suffered a $5.9 billion write-down in the third...

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