Fixed Annuity News

The fixed annuity industry is constantly changing. From product evolution and distribution consolidation to pending regulation and legislation, NAFA works diligently to keep up with every aspect of the marketplace and provide you with its most pertinent news in a timely manner. Utilize the information below to read about recent media coverage in our Monday Media Reports, access all things NAFA via our NAFAwire, visit our Press Room for the association’s most current news releases or to catch up on our Twitter feed.

Industry News

Top Seller Of Indexed Annuities Loses Ranking After A Decade Of Leading
27 Aug. – Wink Inc. – Press Release

Wink, Inc. Releases 2nd Quarter, 2020 Deferred Annuity Sales Results

“Total second quarter sales for all deferred annuities were $45.9 billion; a decline of 12.8% when compared to the previous quarter and a decline of 21.2% when compared to the same period last year. “The last time that Athene was the top seller of indexed annuities was 11 years ago,” said Sheryl J. Moore, President and CEO of both Moore Market Intelligence and Wink, Inc. “The former front-runner has been dethroned after more than a decade in their top-ranking position!”

New Client Presentation on Income Planning Released by the Alliance for Lifetime Income
31 Aug. – Alliance For Lifetime Income – PR NewsWire

Three Keys to Income Planning and Answering, ‘What’s Next?'” gives financial professionals new educational resources for clients and prospects

“The Alliance for Lifetime Income has released a FINRA-reviewed presentation available free for financial professionals to deliver to clients and prospects who want to learn about how their retirement savings will generate a reliable source of protected income.”

Annuity Sales Slump During Pandemic
1 Sept. – Ben Mattlin – Financial Advisor

“According to the Secure Retirement Institute (SRI), total annuity sales plunged in the second quarter by 24% from the corresponding period a year ago, to just under $49 billion. Both of the two main types of annuities saw steep declines: Variable annuity (VA) sales dropped 20% after four consecutive quarters of growth, and fixed-annuity sales slumped 26%.”

Fixed Annuity vs Index Annuity: Which Do You Need?
10 Sept. – E. Napoletano – Forbes

“Securing steady, reliable income payments in retirement can be a big challenge. Fixed annuities and index annuities are two types of annuity contracts that can help provide reliable retirement income.”

What Is A Qualified Longevity Annuity Contract (QLAC)?
11 Sept. – Kate Ashford – Forbes

“A Qualified Longevity Annuity Contract, or QLAC, is a type of annuity contract specifically designed to keep you from outliving your retirement savings. As a deferred annuity, QLACs provide you with a guaranteed stream of income later in life. In addition, they can help you reduce the retirement account withdrawals mandated by the Congress at age 72, helping to defer some income taxes.”

You Can Find More and Better Annuity Leads
14 Sept. – Jeremy B. Nason – Think Advisor

“One idea: Start by showing people who you are.”

Back to School for Annuity and Life Disclosures and Illustrations
15 Sept – Carlton Fields – JD Supra

“The NAIC Virtual Summer National Meeting marked that it is time to get back to school for a number of annuity and life disclosure and illustration initiatives. Both regulators and insurers will need to sharpen their pencils to complete their assignments”

Monday Media Report

Monday Media Report

The NAFA Media Report features a summary of the previous week’s fixed annuity media coverage as compiled by NAFA’s Director of Research, Dr. Jack Marrion. NAFA welcomes your contributions and suggested additions.

Access the most current report »

Monday Media Report

The Call

The Call features timely and seasonal regulatory and legislative updates to help NAFA members stay on top of issues impacting their businesses. Both federal and state editions are distributed to keep you informed.

Access the most current update »

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There's more movement regarding state adoption of the revised MDL 275 #Suitability in #Annuity Transactions model regulation. Leverage our at-a-glance summary for new/proposed regulations, actual/proposed effective dates, & links to NAFA comment letters.

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