‘What the heck is this thing?’ Panel recalls how RILAs gave industry a jo
September 24, 2024 by John Hilton
Registered indexed-linked annuities are no longer just a stopgap product in response to unique economic conditions. RILA sales are growing every quarter and nearly every major insurer has a version.
A Corebridge Financial RILA is the next expected entrant in what is becoming a very crowded product field.
Click HERE to read the full story via INN
Wink’s Moore on the Market:
“…who doesn’t want to buy something that gives you upside potential and downside protection and no explicit fees?”
That used to be the indexed annuity’s value proposition.
Now, structured annuities (or RILAs) are eating it up.
In this piece, I love that my friend Scott Stolz, CFP, RICP‘s is attributed with the following:
“Stolz, a longtime veteran of the industry, recalled how he ‘waged an eight-year campaign’ against naming the product a ‘registered indexed-linked annuity,’ claiming that it would confuse people.
And THAT, my friends, is why I call these “structured annuities. -sjm
