Indexed annuity sales in 2017 fell 5 percent to $ 57.6 billion compared with record sales in 2016, but analysts expect FIA sales to rise this year as insurers and distributors adjust and move on from new Department of Labor fiduciary rules.
Not exact matches
Fee - based FIA
sales made up.02 percent of the $ 58 billion
indexed annuities sold
in 2016, LIMRA estimates.
Insurers have released several new fee - based variable and
indexed annuities over the past 18 months to appeal to RIAs and the increase
in sales of fee - based products should offer some encouragement as the
annuity industry struggles to boost
sales.
Now that it has become clear that
sales and recommendations with respect to fixed
indexed annuity products will cause an advisor to become subject to the final Department of Labor (DOL) fiduciary rule, the real question has shifted to what advisors need to know
in order to continue selling these popular products.
North American also offers a wide variety of traditional fixed and fixed
index annuities and consistently ranks among the top fixed
index annuity carriers
in the U.S. (Source: Wink
Sales & Market Report, 2017).
In addition, 12 percent of fourth quarter
indexed annuity sales went to a fixed (bond)
index, Wink reported.
«This is the first time that annual
sales of
indexed annuity sales have declined
in a decade,» proclaimed Sheryl J. Moore, president and CEO of both Moore Market Intelligence and Wink, Inc..
While Wink currently reports on
indexed annuity, fixed
annuity, and multi-year guaranteed
annuity product
sales, the firm looks forward to reporting on immediate
annuity and variable
annuity product
sales in the future.
Index - linked variable
annuities, known as buffered variable
annuities, wrapped up 2017 with $ 9.2 billion
in sales, up 25 percent from 2016.
Allianz Life's Allianz 222
Annuity, an
indexed annuity, was the # 1 selling non-variable deferred
annuity, for all channels combined,
in overall
sales.
Fifty - eight
indexed annuity providers, 52 fixed
annuity providers, and 60 MYGA companies participated
in the 82nd edition of Wink's
Sales & Market Report for 4th Quarter, 2017.
Five years ago wirehouses would tell insurers they had no interest
in selling
indexed products, but that was when variable
annuity sales were higher than they are now.
March 21, 2018 - Wink's
Sales & Market Report, the insurance industry's # 1 resource for indexed annuity sales data since 1997, is in its third year of reporting on all non-variable deferred annuities which include indexed annuity, traditional fixed annuity, and multi-year guaranteed annuity (MYGA) product l
Sales & Market Report, the insurance industry's # 1 resource for
indexed annuity sales data since 1997, is in its third year of reporting on all non-variable deferred annuities which include indexed annuity, traditional fixed annuity, and multi-year guaranteed annuity (MYGA) product l
sales data since 1997, is
in its third year of reporting on all non-variable deferred
annuities which include
indexed annuity, traditional fixed
annuity, and multi-year guaranteed
annuity (MYGA) product lines.
In the wake of the final Department of Labor (DOL) fiduciary rule, advisors and insurance carriers alike have been compelled to reevaluate
sales practices surrounding
annuity sales — especially with respect to variable and fixed
indexed annuities.
«Positive rating actions could occur if the company diversified its product offerings into more creditworthy product lines, resulting
in sales growth
in products other than fixed
indexed annuities,» A.M. Best analysts said.
Despite a drop
in fixed
indexed annuity sales last year, the president of American Equity Investment Life Insurance Co. said Friday the company has no intention of steering
sales away from the independent agent channel.
Traditional fixed
annuities (FAs) and multi-year guaranteed
annuities (MYGAs) might seem like yesteryear's afterthought, shivering as their
sales are
in the shadow of the soaring fixed
index annuity (FIA)
sales.
With the exception of second quarter 2014, fixed
index annuity (FIA)
sales were «greater this quarter than
in any other second quarter
in the history of the product line,» said Sheryl J. Moore, president and CEO of both Wink Inc. and Moore Market Intelligence.
Living benefit features
in fixed
index annuities are helping fuel their growth
in sales, according to researchers.
In the first, the «scope» was defined as «this regulation shall apply to any recommendation or
sale of an
annuity,» language proposed by the
Indexed Annuity Leadership Council.
Annuity
sales have suffered with the low rates — but innovations
in indexed annuities help to sweeten the deal...
Despite the growth
in indexed annuity sales, complaints against the product have significantly decreased since 2010, according to data recently released by the National Association of Insurance Commissioners (NAIC).
Indexed annuities are currently the hottest and most over promoted product
in the
annuity world, and the dream - return scenarios that are too often being pitched are translating into record
sales.
To help people like you understand the different product features of
indexed annuities we've created this helpful video that explains the
ins and outs of the
indexed annuity product to give you the facts (without the
sales pitch) so you can feel confident and assured
in planning for your retirement.
This article will present the three major types of
annuities — fixed, variable and
indexed — and furnish you what to seek out
in each, as well as what to do before you invest or opt to put up your
annuity for
sale.
However, insurance agents who sell
indexed annuities are mandated to participate
in product - specific training that is far more comprehensive than the
sales product training for securities brokers, such as mutual funds.
That's why we've created this helpful video that explains the
ins and outs of the
indexed annuity product to give you the facts without the
sales pitch.
American Equity Investment Life Holding Company is engaged
in the development and
sale of
index and fixed rate
annuity products.
According to a recent LIMRA report,
indexed annuity sales were at 8.6 billion
in just the first half of 2012.
In addition, Lincoln is ranked as # 10 in the industry in fixed indexed annuity sale
In addition, Lincoln is ranked as # 10
in the industry in fixed indexed annuity sale
in the industry
in fixed indexed annuity sale
in fixed
indexed annuity sales.