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A new report from IRI concludes that holistic planning with a focus on income-generating strategies will help advisors address a demographic-driven growing demand for lifetime income.
Market compensation survey to help firms satisfy ‘reasonable compensation’ standard under new DOL ruleThe Insured Retirement Institute is partnering with Milliman to conduct a survey of compensation practices regarding sales of annuities and other investment products intended to help financial advisors comply with the reasonable compensation standard under the Department of Labor’s (DOL) fiduciary rule.
Indexed annuity sales top all-time record in 2Q, but declining variable sales drag overall totals to 3% declineFixed indexed annuity sales totaling $16.2 billion were 30% higher than 2Q 2015 and surpassed all prior quarterly sales records, but overall annuity sales declined slightly due to a significant drop in variable annuity sales.
LIMRA Secure Retirement Institute reports 9% overall growth in total annuity sales in the first quarter of 2016, but a double-digit decline in variable annuity sales with more big declines in the forecast. Also, Wink’s Sales & Market Report shows hot start to year for MYGA.
32% increase in fourth quarter helps indexed annuity sales to 13% spike over 2014 figures while fixed annuities show 7% growth; Total annuity sales on par with 2014 despite retracting variable annuity sales.
Quarterly sales surpass $60 billion, but year-to-date totals are 5% behind a huge 2014. Indexed annuity sales were $12.5 billion, the second strongest quarter in history behind only 2Q 2014.
Total U.S. annuity sales dropped 7% in the first quarter of the year according to LIMRA Secure Retirement Institute's U.S. Individual Annuities Sales Survey. Another report adds the average agent commission on indexed annuities during the quarter was 5.79%.
Voya Financial, Wells Fargo Advisors, Legg Mason, and AIG’s Liz Altman honored with IRI Marketing Innovation Awards identifying breakthroughs in new products and services, development of consumer and advisor educational resources, and overall marketing campaigns to foster greater acceptance and use of insured retirement strategies.
Variable Annuities Forums Topics
I spoke with a friend of mine today, and he tells me that his "FLA 215 lic, will no longer allow him to sell Variable Annuities in Fla? Even the 215, issued by the "state of Florida" says on it, licensed to sell Variable annuities. * What's the word...is this true? * Is this true for all companies? thanks for your input... ~G...
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