But RILAs are expected to continue to grow as consumers seek protection, safety and growth.
Annuities give investors protection (and choices) in tumultuous markets, advocates say.
Capital Group, a Los Angeles-based investment management firm overseeing $365 billion in fixed-income assets, has rolled out a new fixed-income fund.
Variable annuity sales are expected to feel the impact of March’s volatility in the second quarter.
DPL's platform will be gratis for financial advisors for three months.
The changes permit insurers to use a summary prospectus to highlight variable annuities contract features
Individual investors across generations are eyeing annuities as potential replacements for pensions.
Strong fixed-indexed annuity sales and the impact of registered index-linked annuity products are driving sales, SRI said.
Advisors remind clients that annuities are insurance products for income protection over a long life.
Concord Financial Group exec says annuities can be useful in a low interest rate environment.
Annuities are gaining attention as demographics change, Ashfield Capital says.
The SEC said MetLife’s faulty practices of locating annuity customers resulted in failure to pay customers.
Variable annuities recorded a three-year high in Q3 with $26.5 million, according to the Secure Retirement Institute.
The insurer said it needs time to comply with new state fiduciary rules that cover all annuity and insurance sales.
The #20 billion in second-quarter sales was the highest quarterly total ever, LIMRA said.
Insurers received an IRS ruling permitting tax-free payment of advisory fees from non-qualified annuities.
The decision is an opening salvo in a likely state-by-state industry battle over state standards.
Fixed annuities continue to drive growth, representing 63 percent of overall sales.
Even fee-only advisors are eyeing new four-year "clean" products with nearly 4 percent guarantees.