Great American Life® is pleased to announce the launch of a new variable-indexed annuity developed in collaboration with Raymond James. The Index Summit 6℠, which will be offered through financial institutions, banks and independent broker dealers, is the only annuity on the market to offer crediting strategies with both upside and downside participation rates. The… Continue reading Great American Life Collaborates with Raymond James to Develop First-Of-Its-Kind Annuity
Tag: annuities
U.S. Life & Annuity Income Up 8.5% in 2018: A.M. Best
The U.S life and annuity industry’s total income increased by 8.5% in 2018, according to a recent report by A.M. Best, which attributed the rise to a $54.1 billion increase in other income. Analysts explained that this boost offset modest increases in premium and annuity considerations and net investment income. The report found that the… Continue reading U.S. Life & Annuity Income Up 8.5% in 2018: A.M. Best
Allstate Exploring a Sale of Its Fixed-Annuities Business
Allstate Corp., the automobile and home-insurance giant, is exploring a sale of its fixed-annuities business, which stopped selling new policies about five years ago, people familiar with the matter said. The insurer is working with financial advisers to seek buyers for the business, which has a book value of $4 billion to $5 billion, said… Continue reading Allstate Exploring a Sale of Its Fixed-Annuities Business
Annuities Surge After Fiduciary Rule’s Demise
A retirement investment product associated with steak-dinner sales pitches is flourishing thanks to the death of a regulation once expected to curtail it. Annuity sales totaled $59.5 billion in the April-to-June period, the highest since late 2015, according to the Limra Secure Retirement Institute. Sales are expected to remain strong through at least the rest… Continue reading Annuities Surge After Fiduciary Rule’s Demise
Prudential Launches Consumer-Direct Insurance, Investing Service
Prudential Financial Inc is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The direct-to-consumer service marks a sea change for Newark, New Jersey-based Prudential, the largest U.S. life insurance company… Continue reading Prudential Launches Consumer-Direct Insurance, Investing Service