Fixed annuity rates have already started to decrease in anticipation of Fed cuts, advisors say.
Registered index-linked annuities have benefited from Fed moves and demographic trends.
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?
Supporters of the rule weighed in on the last day to offer public comments.
Insurance and independent brokerage industries will be hardest hit, Fred Reish says.
The proposal would require insurers to better explain fees and complexities.
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.
Some of the illustrated returns used in marketing the products are overly optimistic, the research firm says.