More *free* annuity and life insurance sales data than you can shake a stick at!
{December 3rd, 2024} by Sheryl J. Moore
All Annuity Sales Total 3Q2024 all annuity sales $115,272 million. Third quarter annuity sales were up nearly 7% when compared to the previous quarter. Read more at: Third Quarter 2024 Annuity Sales. All Universal Life Sales for the third quarter of 2024 were $1,132 million. Third quarter universal life sales were down […]
In case you missed it….
{December 3rd, 2024} by Wink's Intel Pros
Products with Indexed Interest Blaze New Sales Records! Wink’s Sales & Market Report, the insurance industry’s #1 resource for annuity sales data since 1998, released its 109th edition report for 3rd Quarter, 2024. One hundred and thirty-six annuity providers participated in the report. Wink, Inc. Releases 3rd Quarter, 2024 Annuity Sales Results INDEXED LIFE SALES REMAIN AFLOAT […]
Indexed products lead Q3 life, annuity sales boom, Wink reports
{December 3rd, 2024} by Staff Reports
Indexed life and annuity products are the subject of many regulator meetings and class-action lawsuits. Despite that negative publicity, indexed life and annuity sales are booming. Wink, Inc. reported third-quarter annuity sales of $115.2 billion, up 6.6% compared to the previous quarter. All annuities include the multi-year guaranteed annuity, traditional fixed annuity, indexed annuity, structured annuity, variable annuity, immediate […]
Annuities’ Bubble Shines! The World, Not So Much.
{December 3rd, 2024} by Allison Bell
Annuity market trends were strong in the third quarter, with executives from companies like Equitable, F&G and Jackson having little to say about sales beyond expressions of joy. Helpful factors include an increase in the number of baby boomers retiring, interest rates that are higher than they were during the 2009-2022 lower-for-longer period and more […]
Two Carriers Dominate the Pack in the Fixed-Indexed Annuity Segment
{December 3rd, 2024} by Cyril Tuohy
Allianz Life’s Allianz Benefit Control Annuity was the best-selling indexed annuity in the third quarter, Wink reported on Tuesday. Wink tracks the life and annuity industry. Click HERE to read the full story via Life Annuity Specialist Wink’s Note: View Wink’s 3rd Quarter, 2024 Wink’s Sales & Market Report annuity sales results HERE
Bermuda Shorts
{December 3rd, 2024} by Editorial Staff
Corebridge loses $1.2 billion on Fortitude Re derivative; Brighthouse turns to reinsurance for capital support; Kuvare-owned life insurer enhances FIA; RGA sidecar raises $480 million in capital. Corebridge Financial Inc. posted a net loss of $1.18 billion, attributable to common shareholders for the third quarter, compared to a net income of $2.10 billion for the […]
Case Study: An FIA for Guaranteed Income
{December 3rd, 2024} by Kerry Pechter
A 62-year-old woman, newly retired, wanted exactly $600-a-month to supplement her Social Security benefit, starting immediately. She asked New Jersey advisor Andy Panko to locate the lowest-cost source of such an income. Investment advisers instinctively optimize each client’s portfolio performance, or try to. For clients in the “accumulation stage,” when the goal is almost always […]
‘Reinsurance Sidecars’: A Capital Idea
{December 3rd, 2024} by Kerry Pechter
Athene Annuity & Life sold the most fixed deferred annuities in the first three-quarters of 2024. Its parent, Athene Holdings, has attracted billions in just-in-time third-party capital through Bermuda ‘reinsurance sidecars.’ Coincidence? Not likely. The word sidecar evokes mental images of passenger-carrying attachments to motorcycles or of the sweet cocktail made from cognac, Grand Marnier, and lemon […]
10 Facts About the Financial Fragility of Retirees in the Post-Pandemic Economy
{December 3rd, 2024} by Transamerica Center for Retirement Studies
LOS ANGELES, Nov. 26, 2024 /PRNewswire/ — Fewer than one in four retirees (23%) are very confident they will be able to maintain a comfortable lifestyle throughout their retirement, according to a new report, Retiree Life in the Post-Pandemic Economy, released by nonprofit Transamerica Center for Retirement Studies® (TCRS) in collaboration with Transamerica Institute®. “Retirement brings freedom and time for personal pursuits,” said Catherine […]
AM Best Affirms Credit Ratings of Farmers New World Life Insurance Company and Farmers Reinsurance Company
{December 3rd, 2024} by AM Best
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of Farmers New World Life Insurance Company (FNWL) (Bellevue, WA). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of […]
Debt is Limiting American Retirement Savings, Allianz Life Study Finds
{December 3rd, 2024} by Allianz Life
MINNEAPOLIS–(BUSINESS WIRE)–The majority of Americans are working toward paying off debt and many worry that their debt will affect their financial future, according to the 2024 Annual Retirement Study* from Allianz Life Insurance Company of North America (Allianz Life). The majority of Americans, 55%, say that they are currently working toward paying off debt to […]
AM Best Removes From Under Review with Developing Implications and Takes Various Credit Rating Actions on American National Insurance Company and Most of Its Affiliates
{December 3rd, 2024} by AM Best
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has removed from under review with developing implications and downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of American National Insurance Company (ANICO) and its affiliates, American National Life Insurance Company of Texas and American National […]
Dispelling Life Insurance Myths
{December 3rd, 2024} by Michelle Buswell
Misconceptions have plagued the life insurance industry since it began, causing more than 102 million Americans[1] to be un-or-under insured. The only remedy to make these myths fade away is through education. Once the right stakeholders are properly educated and understand why life insurance is a necessary safety net for everyone, there is an opportunity to […]
A Conversation With Ron Barrett
{December 3rd, 2024} by P.E. Kelly
F&G Life, the Des Moines based provider of retail insurance solutions for annuity, life and institutional clients, has for five years published its proprietary Risk Tolerance Tracker, an ambitious and quite in-depth analysis of how American investors are feeling abut their money… and just about everything that might effect it. From retirement risk, inflation and, […]
Grappling with the underwriting talent crisis
{December 3rd, 2024} by Doug Bailey
The insurance industry is at a crossroads, grappling with a multifaceted talent crisis fueled by demographic shifts, technological transformation, and evolving workforce expectations. A recent webinar featuring industry leaders shed light on the challenges and outlined strategies to close the talent gap and secure the future of underwriting. Jennifer Kyung, the CEO and founder of […]
More proxy discrimination state laws are on the way, panel agrees
{December 3rd, 2024} by John Hilton
Data privacy and proxy discrimination are far from settled issues for insurance companies. Executives agreed during a risk appraisal forum at NAILBA 43 that future state-based regulations are sure to impact underwriting. The entire insurance underwriting landscape changed with the introduction of big datasets, explained Dr. Thomas Ashley, senior vice president and chief medical director […]
IUL: What agents should know to present an illustration effectively
{December 3rd, 2024} by Drew Gurley
Indexed universal life insurance is a powerful financial tool that combines life insurance with potential cash value growth linked to a stock index. However, its complexity can make presenting an IUL illustration a challenge. Here is how agents can break down the most important components and explain them in simple terms to clients. Click HERE […]
The Past and Possible Future of ERISA Regulation of Advice
{December 3rd, 2024} by Andrew Oringer
Could the ‘NeverEnding Story’ of the Labor Department’s fiduciary rule possibly be coming to an end? We may be close to a final answer, writes ERISA attorney Andrew L. Oringer of the Wagner Law Group. The Trump election is bound to have some obvious, fundamental and high-profile consequences for various federal agencies. One particular potential […]
