People have different attitudes about flexibility and safety when it comes to retirement income.
Adopting a Moneyball approach can lead to better outcomes.
The registered rep avoided detection for years by listing his wife as the selling agent, Finra said.
The annuities market has bounced back strongly after being racked by the pandemic last year.
Variable annuity sales rose to $32.7 billion, a 55% jump from last year's second quarter, according to SRI.
Sales were driven by a strong economy and pent-up demand amid Covid uncertainty, said SRI.
Some of the rules are falling harder on smaller advisors, say industry advocates.
The annuity industry is still struggling to drive home the message that guaranteed income is important, the firm says.
Alexis Cooke, who was subsequently fired by NY Life, agreed to a lifetime ban after lying about the violations, the regulator said.
The annuities market has bounced back strongly after being racked by the pandemic last year.
Annuities can fill the gap to cover retirement spending needs, he said.
The rebound was due to strong equity market gains, lower volatility and rising interest rates, SRI reported.
The amount depends on a number of factors, including how you bought the product and when.
The Allianz Lifetime Income+ Annuity is designed as an option in employer-sponsored retirement plans.
It's unclear how long it will take for life expectancy to rebound.
The industry is looking for annuities to rebound after a tough year.
A Next Chapter panel discussion argues that annuities have a role to play for retirees in a low-interest-rate environment.
SRI said sales were driven by products providing principal protection and investment growth.
The average equity VA subaccount investor outperformed the average equity mutual fund investor over 20 years.
Technological evolution has been slow to come to the insurance and annuity sector.