Sentences with phrase «annuity sales»
"Annuity sales" refers to the act of selling annuities, which are financial products designed to provide a regular income over a certain period of time. It involves the process of convincing and persuading individuals to purchase these annuities from a financial advisor or company. Full definition
Fixed indexed annuity sales, which hit a record $ 61 billion in 2016, are expected to fall between 5 and 10 percent in 2017 compared to 2016.
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By going this route, the company was able to go full force into both fixed and variable annuity sales.
We are a pioneer in medical stop loss insurance and a leader in fixed deferred annuity sales through banks.
Aside from annuity sales, the other major area of insurance activity for banks is the brokerage of employee benefits and commercial insurance.
How do commission - based annuity sales compare with fee transactions?
Fee - based indexed annuities finished with sales of $ 138 million, just 0.4 percent of all indexed annuity sales last year.
Variable and indexed annuities represent the majority of over $ 200 billion in annual annuity sales, and that's where the product confusion lies.
A leading annuity expert lays out four reasons why annuity sales will be bouncing back in a big - time way in 2018 and ahead.
The fact that more than half of indexed annuity sales now involve products having 10 - year surrender charges may be of interest to indexed annuity critics.
It's no coincidence that their sales were up 22 % in the third quarter of 2015, while annuity sales overall rose only 3 %.
Experienced in maintenance of storage facility and evaluating annuity sales reports.
In essence, barring the removal of annuities from their unreasonable inclusion in the rule's new requirements, up front commission - based annuity sales will all but disappear.
Total indexed annuity sales for 2017 were $ 53.9 billion, a decline of 7.1 percent from the year prior, according to Wink's Sales & Market Report.
After six consecutive quarters of decline, the fourth quarter results for total annuity sales were flat, compared to this quarter last year, at $ 50.8 billion.
Structured variable annuity sales in the second quarter rose 36 percent to $ 1.8 billion compared with the year - ago period.
As a broker, you can now find out The Standard's rates by working with your Distribution support organization or by contacting Annuities Sales Support at 800-378-4578 or emailing us.
«Structured annuity sales saw impressive growth through Independent BD's in 2017.»
For the year, income annuity sales dropped 10 percent, to $ 8.3 billion
Second - quarter variable annuity sales data also unearthed the bifurcation between variable annuities sold into individual retirement accounts (IRA) and variable annuities sold into nonqualified accounts.
On an overall basis, total annuity sales fell 10 percent, to $ 54.3 billion, from third quarter last year, according to LIMRA...
An annuity is a contract between you and the issuing carrier, but most annuity sales pitches revolve around non-guaranteed return scenarios that might never happen.
«It paints a target on the backs of senior Americans who are most likely to be targeted with abusive variable annuity sales practices,» she said.
A federal appeals court threw out the Department of Labor's conflict of interest rule that imposed a fiduciary standard on annuity sales with IRA money.
The rule would cause «extraordinary» harm to the $ 50 billion industry, Bartz said, noting that 60 % of fixed indexed annuity sales go through individual insurance agents.
Second - quarter variable annuity sales shrank 8 percent to $ 24.7 billion compared with the year - ago period.
But given the potential conflicts of interest outlined in Senator Elizabeth Warren's recent report on dubious annuity sales tactics, it's also clear that investors considering an annuity need to take care to assure they're buying an investment that benefits them as much as the person selling it.
Compared with the previous year, overall annuity sales dipped 8 %...
By 2014, the annuity market felt the jolt as variable annuity sales dropped by more than 3 percent compared with the year earlier.
All else equal, annuity payments are smaller when interest rates are low as is the case today (which no doubt accounts for the fact that immediate annuity sales have been declining lately, falling almost 20 % the first half of this year).
It expects there will be a short - term hit to variable annuity sales as B / Ds grapple to comply with the requirements of the DOL rule.
Rich Lane, senior director of individual annuity sales and marketing for The Standard, provides 10 reasons why.
Immediate income annuity sales rose 5 percent in the fourth quarter to $ 2.1 billion.
Their portfolio sees nearly 90 % stake in fixed maturity investments, and has joined the top 40 companies for life insurance when considering admitted assets, along with a top 5 ranking for annuity sales through banks.
From the always suspect pyramid scheme to potentially shady annuity sales, here's a look at where you should avoid putting your money — at all costs.
Despite dreary annuity sales data from the most recent reports, Americans for Annuity Protection (AAP) is confident that the downward trend will turned around in 2018.
Sales of variable annuities with guaranteed living benefits run nearly equal with variable annuity sales without living benefits, Giesing said.
Athene competes in the retirement savings market with Allianz Life and American Equity Life, and the company routinely sits near the top of the indexed annuity sales tables.
Noteworthy highlights for MYGAs in the fourth quarter include New York Life ranking as the # 1 carrier in MYG annuity sales, with a market share of 19.7 %.
Multi-year guaranteed annuity sales in the fourth quarter were $ 6.7 billion; up 1.2 % when compared to the previous quarter, and up 1.3 % when compared to the same period last year.
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.
Warren defines «kickbacks» as including not the commissions from the sales of those products, but «lavish cruises, luxury car leases, and other perks to annuity sales agents to promote their products.»
American Equity, based in West Des Moines, Iowa, will hold a conference call to discuss first quarter earnings May 4, which may yield new information about its latest annuity sales strategies.
Operating profit before tax rose 39 % to ₤ 67m thanks to annuity sales growth of 19 % to ₤ 742m and a significant rise in new business profit margin, to 8.9 % from 5.0 % in the same period last year.
In 2014, immediate income annuity sales jumped 17 percent over the previous year, according to LIMRA SRI.
Total fixed annuity sales increased in the fourth quarter, up two percent to $ 26.1 billion.
«Structured annuity sales continue to attract individuals looking for a balance between investment return and downside protection», Giesing noted.
Structured annuity sales leveled off in the fourth quarter, but were up 10 percent compared to fourth quarter 2016.
To view variable, fixed and total annuity sales over the past 10 years, please visit Annuity Sales 2008 - 2017.