Annuity sales surge as new pathways open for advisors
New contracts reached a 10-year high as key stakeholders praised a bill before the U.S. Senate which could expand the products to more 401(k) plans.
View ArticleAnnuity sales topped $60B for another quarter. But is the party now over?
LIMRA predicts that lower interest rates will cut into the record sales, but two top issuers received IRS rulings they say will help RIAs offer the products.
View ArticleWith annuity sales rising, Congress provides a ‘safe harbor’ in 401(k)s
The Secure Act will pave the way for expanded distribution channels, even as J.D. Power finds issuers lagging in measures of client satisfaction.
View ArticleAnnuity sales falter, but clients flock to this product
“It is amazing that annuity sales are only down in the single digits, given the devastating effects that COVID-19 has wreaked on the annuity industry,” an expert says.
View ArticleAnnuities in coronavirus slump as VAs draw regulatory and academic scrutiny
Sales are tumbling and gravitating to different products as Wells Fargo settles a FINRA case and researchers examine the defunct fiduciary rule.
View ArticleWhich annuities are selling in the coronavirus economy?
The low interest rates pushing down sales across most fixed and variable lines are also boosting certain products.
View ArticleSECURE Act may boost annuities. Are advisors ready?
Three provisions in the far-reaching law “make it likely that annuities will become more prevalent in company plans,” one expert says.
View ArticleAnnuity sales tumble but drive mega deals and RIA partnerships
With few areas of growth in 2020, insurers are focusing on burgeoning RILAs and finding more distribution channels, experts say.
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