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Annuity News

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The latest annuity market trends, sales data, and product news.

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August 28, 2024
Image of a financial advisor and two senior age clients who look happy. Senior couple meeting financial advisor for investment.

Advisors are key to a positive annuity purchase experience

With annuity demand expected to shatter records again this year, financial professionals should be prepared to discuss annuity options with their clients.

August 28, 2024
Image shows the LIMRA logo.
Annuity sales set more records for the first half of 2024.

Athene remains king of annuity sales, but others catching up, LIMRA finds

Athene Life & Annuity remained king of the annuity sales mountain during the first half of 2024, but their pursuers are more numerous and closing the gap.

AM Best Affirms Credit Ratings of Global Atlantic Financial Group Limited and Its Subsidiaries

August 27, 2024

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Accordia Life and Annuity Company, and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance…

August 27, 2024

New LIMRA research head Bryan Hodgens talks annuity and life sales with INN

Bryan Hodgens recently joined John Hilton, senior editor for InsuranceNewsNet, for a discussion of his new role as head of LIMRA research.

Teachers Retirement System sees double-digit growth

August 27, 2024

Kentucky teachers' retirement investments posted double-digit gains for the recently concluded fiscal year, 12.27 percent for the Retirement Annuity Trust and 12.73 percent for the Health Insurance Trust. TRS staff presented the pension system's investment results for the year ended June 30 to the Investment Committee at its Aug. 22 meeting.

Best’s Market Segment Report: Life/Annuity Reinsurers Face Growing Competition as Conditions Improve

August 26, 2024

The Best’ s Market Segment Report,“ Life/Annuity Reinsurers Face Growing Competition as Conditions Improve,” is part of AM Best’ s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. “How newer entrants will alter their strategies over the long term depending on macroeconomic trends, availability of deals and regulatory…

August 23, 2024
Image shows "Q2"
Annuity sales remained strong in the second quarter.

Annuity sales ignore all disruptions in another strong quarter, Wink finds

Sales for all annuities climbed nearly 4% compared to the previous quarter, according to Wink’s Sales & Market Report.

FHLBank Pittsburgh Announces Two New Board Members

August 20, 2024

The Federal Home Loan Bank of Pittsburgh today announced the election of Thomas A. Hendry, Senior Vice President and Treasurer of New York Life Insurance and Annuity Corporation. and Nathaniel S. Bonnell, Chairman, President and CEO of Citizens Bank of West Virginia to the FHLBank Board of Directors. Mr. Hendry serves as Senior Vice President and Treasurer in the…

August 20, 2024
Image shows a man with the words, "Explain this."
NAIC regulators are interested in the industry providing better illustrations for life insurance and annuities.

Execs, regulators debate merits of illustration rules, areas that need work

State regulators hosted a panel looking into life insurance and annuity illustrations for flaws that can be corrected.

Delaware Life Accelerator Prime® Variable Annuity Named to Barron’s 2024 List of Top 100 Annuities for Fifth Consecutive Year

August 19, 2024

Delaware Life Insurance Company, a Group 1001 company, announces its inclusion in the annual Barron’ s list of“ Top 100 Best Annuities.” This is the fifth consecutive year that Barron’s has ranked Delaware Life Insurance Company annuities in the top 100.. Delaware Life Accelerator Prime ® Variable Annuity was recognized as a top 100 annuity in the categories of…

August 15, 2024
Financial advisor with a client. Annuity-integration-initiative-could-help-advisors-build-superior-client-engagement.

Annuity integration initiative could help advisors build ‘superior client engagement’

Advisors could soon benefit from simpler integration of annuities if IRI is successful in developing a digital, standardized infrastructure.

First Quarter 2024 Statutory Financial Statement for Athene Annuity and Life Company

August 15, 2024

Athene Annuity and Life Company. STATEMENT AS OF JUNE 30, 2024 OF THE Athene Annuity and Life Company. STATEMENT AS OF JUNE 30, 2024 OF THE Athene Annuity and Life Company.

USA Financial Partners with AmeriLife to Enhance Opportunities for Independent Financial Professionals

August 15, 2024

AmeriLife Group, LLC, a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that it has partnered with USA Financial, a national wealth management firm with three registered investment advisers, a registered broker-dealer, and a national field marketing…

2Q24 FGLIFE Statutory Key Schedules

August 14, 2024

STATEMENT AS OF JUNE 30, 2024 OF THE FIDELITY& GUARANTY LIFE INSURANCE COMPANY. Furniture and equipment, including health care delivery assets. STATEMENT AS OF JUNE 30, 2024 OF THE FIDELITY& GUARANTY LIFE INSURANCE COMPANY.

Global Atlantic Featured in Barron’s 100 Best Annuities Guide in Four Categories

August 14, 2024

Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, announced its inclusion in Barron’ s annual guide to the 100 Best Annuities, marking the firm’ s third consecutive appearance on this list. Annuities issued by Global Atlantic subsidiary Forethought Life Insurance…

Axcelus Financial Expands U.S. Board of Directors With Two Key Appointments

August 13, 2024

Axcelus Financial, a leading provider of private placement life insurance and annuities, announces the appointments of Michael Fanning, the CEO of Advisor360°, and Nicholas Kabcenell, the Co-Founder of Structured Capital Partners, to its U.S. Board of Directors. Michael Fanning has over three decades of experience shaping strategy, driving digital…

August 12, 2024
Image shows the Society of Actuaries logo and a paper with the typewritten word, "Surrender"
The Society of Actuaries shared updated lapse and surrender data with regulators Sunday.

LIMRA/SOA study: Fixed-rate deferred annuitants are not surrendering early

A fresh study shows that annuitants are generally not surrendering their contracts prior to the surrender charge period.

VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY – 2ND QUARTER FINANCIALS 2024

August 12, 2024

STATEMENT AS OF JUNE 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY. STATEMENT AS OF JUNE 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY. STATEMENT AS OF JUNE 30, 2024 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY.

Nassau Financial Group Launches Nassau Bonus Annuity Plus

August 12, 2024

Nassau Financial Group today introduced Nassau Bonus Annuity Plus SM, a bonus fixed indexed annuity designed to give people confidence that they can reach their retirement goals. “The launch of Nassau Bonus Annuity Plus further expands our fixed annuities product suite, as we look to provide new and innovative fixed annuity products to the underserved…

Continental General Selects Sapiens Insurance Platform for Life & Annuities to Accelerate its Operations

August 7, 2024

Rochelle Park, NJ, August 7, 2024- Sapiens International Corporation,, a leading global provider of software solutions for the insurance industry, today announced that Continental General Insurance Company, a life, accident, and health insurance company, has selected Sapiens as a technology partner to help accelerate operations, modernize its platform for…

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