In some instances, annuities can be the perfect retirement-planning solution tool.
Sales of the products hit record numbers in some cases, according to the data tracker.
Only 27% of investors say their advisors mention income planning, according to Alliance for Lifetime Income research.
In some instances, annuities can be the perfect retirement-planning solution.
Fixed-indexed and registered index-linked annuities drove the surge in sales, Limra said.
Amid a retirement income crisis, the insurance industry has become more creative in its product development.
Luma's platform provides annuity products along with marketing and education tools.
There could be an advantage to buying annuities before rates decline.
Total sales by independent agents and broker-dealers grew 29% last year.
Advisors on Orion's platform will have access to DPL's commission-free annuity marketplace.
Annuit sales reached a record high of $385 billion last year.
Small firms with 10 or more workers would be required to auto-enroll employees in a plan.
Potential buyers say they like these products, so why don't they jump in?
Advisors were also once reluctant to adopt managed accounts, too. But they got over it.
Strong economic conditions coupled with growing demand for protected investment growth pushed sales to $385B in 2023.
Potential buyers say they like these products, but why don't they jump in?
Unions and consumer groups argue rule is needed to weed out costly conflicts.
Insurance and independent brokerage industries will be hardest hit, Fred Reish says.
AnnuityFix helps advisors become independent from the broker-dealers that control their clients' annuities.
The equity market has helped stimulate annuity sales, according to LIMRA.