Results for "fixed annuities"

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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...

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...

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...

New insurance alliances spawn annuity innovations

April 24, 2011

Smaller life insurers — battered by the recession but ready to get back into the annuity business — have begun to outsource the manufacturing of fixed indexed annuities to marketing groups. The arrangements bring cost savings, built-in distribution...

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...

Aviva fixed-annuity shift could trigger a trend

November 28, 2010

Aviva USA last week rolled out a series of changes to its fixed-annuity lineup, including reductions on agents' commissions and the discontinuation of one of its income riders. The moves could have a ripple effect on other insurers, industry...

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...

Jackson Life hit record sales, earnings in '09

March 9, 2010

Jackson National Life Insurance Co. reported record sales and earnings in 2009, as its fixed and variable annuities flew off the shelves. The insurer's sales and deposits rose 8% to a record $15.2 billion last year. The firm also reported record...

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...

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