Annuity News

With longer life expectancies, lower expected returns from stocks, and higher interest rates, we view annuities as an increasingly valuable component of a holistic wealth strategy. When approaching retirement, many families struggle with the transition from living off a stream of income to living off a limited pool of retirement savings.

WASHINGTON, Aug. 29– Bryan W. Keene and Mark E. Griffin, Counsels, Committee of Annuity Insurers, have issued a public comment to the U.S. Department of the Treasury. Section 305 of SECURE 2.0 generally provides that any "eligible inadvertent failure" to comply with the applicable rules under Code section 401, 403, 403, 408, or 408 may be self-corrected under EPCRS without…

A recent Gallup survey of Americans who own annuity contracts provides new evidence that individual annuities are used primarily by the middle class to accumulate savings and provide income for their retirement.

The Oklahoma Insurance Department announced today that Oklahoma has adopted regulations enacting a “best interest” standard on annuity sales and recommendations.

Total U.S. pension risk transfer (PRT) sales were $16.2 billion in the second quarter, a 31% increase from the prior…

Rolling your individual retirement account or 401 into an annuity may sound complicated, but fear not— it may be straightforward and tax-free if done correctly. There are a couple of ways to do this: through a direct transfer or a qualifying withdrawal. And don't worry; you'll get back any funds the IRS holds when tax season rolls around.

 A new study finds that in 2019 and 2020, owners of a fixed indexed annuity with a guaranteed lifetime withdrawal benefit were less likely to surrender their contracts than those without a GLWB.

Lincoln Financial Group continues to innovate its best-selling registered indexed-linked annuity, Lincoln Level Advantage ®, with the introduction of two new crediting strategies– Dual Performance Trigger and Dual15 Plus– designed to allow for more upside in down markets. These enhancements come as 85% of U.S. adults say they’ d like to invest their money in…

Nationwide will begin distributing three of MassMutual Ascend’s advisory fixed indexed annuity solutions.

Jul. 26— The U.S. attorney's office said Horvath was licensed by the state as a resident insurance producer, which authorized him to sell various forms of insurance. Beginning no later than July 2015 and continuing until April 2021, the U.S. attorney's office said, Horvath defrauded several clients by advising them that they could achieve better rates of return…