Next year, the firm will add a lifetime income feature paired with a target-date series that lets customers buy annuities or take distributions at retirement.
The diversified financial services company in Florida is reaffirming its focus on income with a rebrand of its consulting and marketing arm for independent annuity producers.
"Customers should use regulated industries to their advantage and hire career specialists in each area of their lives," said one industry executive.
Sales continue to rise across the industry, Limra found.
Research from the Alliance of Lifetime Income highlights the economic implications of a historic turnover in the workforce.
Lifetime income options are good for those who are less financially savvy, a focus group with at least $500,000 said.
Indexed and structured products logged robust double-digit growth as fixed-rate annuities face challenges from declining rates, says new report.
Preliminary results show new annualized premiums hit $3.97B as whole life sales struggled and indexed universal life sales climbed.
Survey findings suggest financial advisors could unlock organic growth opportunities as annuities attract new buyers.
"We're seeing more instances of clients being switched out of annuities," says one plaintiff's attorney.
JPMorgan Asset Management is the latest firm to spice up its target date funds with a dash of annuities.
New Corebridge survey reveals false beliefs around costs, uncertainty on coverage, and what motivates people to get insured.
Annuities have benefited from favorable economic conditions and the Federal Reserve not cutting interest rates this year, says Limra head of research.
With several key factors influencing a complex product, it's essential advisors are well versed on its portfolio positioning.
Annuities generate and increase revenue, and provide structural advantages, DPL founder and CEO says.
Representatives of life insurance and annuity issuers argue the labor department’s defense suffers the same weaknesses as its 2016 predecessor.
Industry veteran Craig Hawley set to take over as leader of Nationwide Annuity pushes through with retirement.
Quarterly index research reveals heightened worries over inflation, politics, and market turbulence in the next 12 months.
The firm breached Finra rules when it directed some $2.9M in compensation to go to an unregistered entity, the regulator said.
The firm’s failure to flag a rogue representative’s unapproved transactions led to more than $7.2M in losses for at least 30 customers, says Finra.
