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Hueler Investment Services Opens Their Income Annuity Platform To Public

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Hueler Investment Services, Inc., announces the launch of Income Solutions ® for individual investors and advisors. Hueler’ s commitment to improving financial outcomes for retirees has been at the heart of the Company’ s mission since the Income Solutions ® platform was launched in 2004. This new service ensures that all American retirees have the…

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“I think there’s a ton of tailwind for this product,” one expert said.

Market volatility and loss make this the right time for clients to turn to the security of a fixed indexed annuity.

A resurgence in index annuities reminds us that they are a great choice for clients.

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TIAA launched a new brand and advertising campaign that takes a different approach to encourage people to think about how they are planning for retirement. “We can all relate to the feeling of running out of things we love and rely on– whether it’ s your favorite TV series or milk for your coffee,” said Mark Elliot, Chief Marketing Officer of TIAA.“ We want to tap into…

Horace Mann Educators Corporation today announced that a subsidiary of Reinsurance Group of America, Incorporated, a leading global life reinsurer, has reinsured a $2.9 billion block of Horace Mann’ s annuity business effective April 1, 2019. In addition, Horace Mann announced that it has entered into a new five-year $225 million revolving line of credit,…

–Nationwide announced today it has added a new fixed indexed annuity, Nationwide Peak ® 5, to offer clients additional ways to maintain principal protection while offering the potential for higher returns and growth. More than seven in ten investors think there is a chance of another stock market crash in the next six months. 1 As a result, $16.1 trillion is…

“This transaction gives AmeriLife the financial flexibility to continue building the best independent, national distribution organization serving the rapidly growing pre-retiree and retiree markets,” said Scott R. Perry, CEO of AmeriLife. “In addition to enhancing our financial flexibility, we’re pleased that the transaction attracted a broader group of…

JOHNS CREEK, Ga., June 13, 2019– Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries announced that it has continued to expand on its market share in the industry by partnering with Centaurus Financial, Inc. to offer annuity products on its AnnuityNet…

At a time when pensions are dissappearing and many employee retirement account balances are inadequate and incapable of meeting future retirement needs, DIETRICH announces the launch of ANNUA, a defined contribution retirement income annuity practice. ANNUA challenges the status quo of traditional retirement plans by introducing lifetime income…

The Western and Southern Financial Group, a life insurance company, issued the following news release:. W&S Financial Group Distributors, Inc., wholesale distributor of annuities and life insurance from member companies of Western& Southern Financial Group, is addressing retirement risk factors with IncomeSource (R) Select, its fexible premium deferred…

Birmingham, Ala. (June 3, 2019): Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750),…

–Dynamic Wealth Advisors has partnered with RetireOne ® to offer insurance and annuity back office services for the wealth management firms it supports. This is significant for our wealth managers who develop holistic financial plans incorporating solutions that optimize tax efficiency, and manage longevity risk, sequence of returns risk, and other…

–BNY Mellon’s Pershing today announced a series of enhancements to its Subscribe ® annuity platform, which helps advisors streamline how they process, service and maintain annuities. Among the key updates is eSignature capability, which will set a new standard for the industry and change the way advisors purchase annuities. “We are thrilled to be at the…

Aker Solutions, a global engineering company, and Reser’ s Fine Foods Inc., a national manufacturer and distributor of fresh and refrigerated prepared foods, chose Prudential Retirement as record keeper for their defined contribution retirement plans. Prudential Retirement is a business unit of Prudential Financial, Inc.. Kevin Raymond, consultant and…

–Over the 30 years he’s worked with people who are trying to squeeze all of the juice out of their retirement savings, Scott Page says he’s been surprised that most of them leave a key element out of the equation. His solution was to create a life expectancy calculator that makes it easy and fun to get an estimate of just how long you are going to need your retirement…

–The Impact Partnership expands its product offering for high net worth individuals through the launch of Lincoln Impact Advantage ® Plus. The bonus fixed indexed annuity option developed with Lincoln Financial Group helps savers jump-start their retirement goals through accumulation and income. “Lincoln is excited to continue our relationship with…
A panel discussion on annuities at the Insured Retirement Institute's Action19 conference.
Exclusive

“I think there’s a ton of tailwind for this product,” one expert said.
Annuities are attractive for advisors and clients because they offer income retirees cannot outlive.

What happens when a fixed income investment — such as a certificate of deposit or a deferred fixed annuity — reaches its maturity date? Fidelity Investments found alarming misunderstanding in a new survey. Only 3% of respondents correctly indicated that a fixed indexed annuity is reinvested for the next 12 months at a lower interest rate.
The U.S. Capitol.

Members of the National Association of Insurance and Financial Advisors are urging Congress to enact a package that would help workers better prepare for retirement. NAIFA members are in Washington Tuesday and Wednesday for their annual political advocacy event.

–RegEd, the leading provider of Compliance Education and Product Training solutions for the financial services industry, has announced a partnership with the Insured Retirement Institute to deliver a course to help meet New York Regulation 187 requirements. “Producers must be equipped to comply with the new requirements of New York Regulation 187, and…

_ Brighthouse Financial Inc. on Monday reported a loss of $737 million in its first quarter. On a per-share basis, the Charlotte, North Carolina- based company said it had a loss of $6.31. Brighthouse Financial shares have climbed 40% since the beginning of the year.

–Certified Financial Planner Board of Standards, Inc. announced today public disciplinary actions against the following individuals, effective immediately or on the date noted in each case. Public disciplinary actions taken by CFP Board, in order of increasing severity, include letters of admonition, suspensions and permanent revocations.

American International Group, Inc. announced that Avery Dennison Corporation, a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials, has signed an agreement transferring approximately $750 million of pension obligations to American General Life Insurance Company, part of…

Prudential Retirement ®, a unit of Prudential Financial, Inc., has concluded about $2.6 billion in previously undisclosed longevity reinsurance contracts, an important signal of an unprecedented start to the 2019 U.K. pension risk transfer market. The funding level of the average U.K. pension scheme stood at 100.1% on March 29, 1 putting many in a favorable…

MADISON, W is.- A 24- year-old Wisconsin man stepped forward Tuesday to claim a $768 million Powerball prize, the nation’s third-largest lottery jackpot, saying he “pretty much felt lucky” the day he bought his tickets and has been worried that people want to steal his ticket. Manuel Franco, of West Allis, said he was sorting through $10 worth of quick-pick tickets…

Massachusetts Mutual Life Insurance, a life insurance company, issued the following news release:. As the growth of its pension risk transfer business accelerates, Massachusetts Mutual Life Insurance Company has enhanced its website to serve PRT annuitants, improving navigation, providing more self-service features and information, and offering mobile…

If you are planning to retire sometime in the next several years, then you should stress test your plans— living arrangements, retirement portfolio and income and anticipated leisure pursuits— because retirement is like your first days in kindergarten, full of surprises. In our 40 s and 50 s, as the pressures of college tuition, aging parents perhaps approaching…

Kemper Corporation announced that Cheryl Kingsfield Neal has joined the company as President of Kemper Life, effective today. Prior to that, she held multiple roles at Liberty Mutual Insurance including Executive Vice President and General Manager of Liberty Mutual Benefits, and President of Liberty Life Assurance Company of Boston.

As more people are living into their 80 s and 90 s, more than one out of every two Americans has their sights set on even greater longevity. According to a survey 1 released today by AIG Life& Retirement, a surprising 53 percent say their goal is to live to 100 years. “Living longer should be a cause for celebration, but for many, longevity can bring anxiety and financial…

NEWPORT BEACH, Calif. and NEW YORK, April 9, 2019/ PRNewswire/– Pacific Life and InsurTech firm Blueprint Income, today announced a collaboration to modernize the purchase of annuities. “We’ve heard a clear desire— especially among Generation X— to have the security of a pension that their parents relied on to achieve financial peace of mind,” said Blueprint Income…
Annuity sales are booming, analysts report.

Overall annuity sales rose 9.7 percent in 2018, with the combined sales of fixed and variable annuities reaching $218 billion, according to the Insured Retirement Institute (IRI), citing final 2018 market data for the U.S. annuity industry from Beacon Research and Morningstar.

While the Department of Labor fiduciary rule is gone, tossed out by a federal appeals court one year ago, the compliance spotlight it shone on commission annuity sales remains. If the industry doesn’t figure out how to effectively provide distribution of annuities via advisory channels, “sales are just going to fall off a cliff,” one executive says.