American Equity’s New Fee-Based FIA Broadens Portfolio for Agents
September 12, 2017 by Cyril Tuohy
American Equity Investment Life Holding’s first fee-based fixed indexed annuity (FIA) broadens the appeal of the company’s FIA family of annuities to fee-based advisors, the company said.
American Equity, based in West Des Moines, Iowa, is the latest company to launch a fee-based FIA.
Voya Financial, Allianz Life, Lincoln Financial and Great American have launched fee-based FIAs over the past 13 months.
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Second-quarter FIA sales fell 6 percent to $14.6 billion compared with the year-ago period, but rose 13 percent compared with the first quarter, according to the latest Wink’s Sales & Market Report.
Indexed annuity sales rose by nearly 10 percent last year over 2015 to a record $58 billion, Wink reported.
