Survey Results: Annuities are Gaining Acceptance as a Retirement Income Tool |
September 10, 2012 |
Income For Life, Retirement Planning
A recent survey by the Insured Retirement Institute (IRI) has revealed that annuities are gaining greater acceptance among investors. Their polling of both annuity owners and financial advisors both showed increased awareness and acceptance of annuities as a favorable retirement income tool. In fact, 71% of financial advisors reported that they have had a client seek an annuity purchase in the past 12 months. Among annuity producers, 84% said that they are having more retirement planning consultations than they did five years earlier. This increased...
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Survey Results: Life Insurance Owners Feel More Secure |
September 5, 2012 |
Life Insurance
A recent survey by Northwestern Mutual Life Insurance Company has revealed that two thirds of Americans who make the steps to buy insurance feel more “secure”. This survey involved a poll of 2,097 American adults ages 18 and older. Although the overall result was certainly not a surprise, the survey did reveal some unique insight into the reasons why individuals are prompted to seek life insurance. The most common factors behind the purchase of life insurance is due to a recent marriage (32%), retirement planning...
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Survey Results: Annuity Owners Have Highest Retirement Confidence |
September 4, 2012 |
Retirement Planning, Your Retirement
Clear evidence of increased confidence in the retirement health of annuity owners was revealed in a recent survey. The survey, which was conducted by the Insured Retirement Institute (IRI), focused on Americans aged 50 to 66. Their findings show that 53% of baby boomers who own an annuity are extremely or very confident that they will have enough money for retirement compared to 31% who do not own an annuity. Further, their report shows that annuity owners are more likely to engage in positive retirement...
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Tips for Using Retirement Calculators |
August 22, 2012 |
Retirement Planning
Given that you have found this blog, you are likely one of many who are using the internet to help ensure that your retirement plan is as strong as possible. There are a tremendous amount websites, blogs, and articles which all have some great value-add features. An important feature that many now include is a retirement calculator which you can often use free of charge. Although it is fantastic to have so many tools at our fingertips, very few of these calculators actually give detailed...
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Q2 of 2012 Results: Variable and Fixed Annuity Sales on a Decline |
August 21, 2012 |
Fixed Annuities, Variable Annuities
According to LIMRA’s second quarter 2012 survey, variable annuity (VA) sales in the second quarter of 2012 declined 5% compared to the same quarter of 2011. Total VA sales in Q2 of 2012 were $38.6 billion, which is a 5% increase to what was realized in Q1 of 2012. This survey found that total fixed annuity sales also dropped in the second quarter of 2012 compared to the same quarter of 2011. These products had a sharper drop down to $18.4 billion which amounts to...
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Q2 of 2012 Results: Indexed Annuity Sales Continue to Rise |
August 20, 2012 |
Index Annuities
According to LIMRA’s second quarter 2012 survey, the indexed annuity market has continued its impressive growth with its now fourth consecutive quarter of outpacing traditional fixed annuity sales. Indexed annuity sales in quarter 2 totaled $8.6 billion, which is a 6% increase compared to the same quarter in 2011. LIMRA theorized that this continued increase is driven by the popular guaranteed lifetime withdrawal benefit (GLWB) riders, which were elected 71% of the time for products which offered them. Allianz Life continues to hold the top...
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An Unanticipated Recommendation |
August 17, 2012 |
Cal Burgess, Indexed Universal Life, Life Insurance, Member Posts, Retirement Planning
Written By: Cal Burgess | Retirement Servicing Group A few months ago I made a recommendation to a referral (now a client) regarding an indexed universal life policy. His financial goals were straight forward; he wanted to protect his money from rising federal income taxes while protecting as much of his money from market risk as possible. When we met, I could tell that he was frustrated with the performance of his portfolio and was skeptical about other financial vehicles that he entertained. After about...
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