Industry groups hail the move in the Pelican State as another win for consumers in need of lifetime income.
Survey of middle- and upper-income consumers reveals shortfalls around familiarity, cost concerns, and the role of financial planners.
BlackRock research surveys retirement advisors' sentiment around active managements, retirement income solutions, and AI.
Industry data show term products capturing 20 percent of the US individual market, with $1.5B in premiums over the first six months of 2024
Nationwide survey research reveals snapshot of sentiments around retirement, economic anxieties, and need for protected income.
As lifespans get longer and workers' access to DB plans decrease, researchers make the case for a "hybrid" system to support retirees.
The strategic partnership promises to help advisors at the hybrid RIA grow their business around annuities and structured products.
Next year, the firm will add a lifetime income feature paired with a target-date series that lets customers buy annuities or take distributions at retirement.
The diversified financial services company in Florida is reaffirming its focus on income with a rebrand of its consulting and marketing arm for independent annuity producers.
"Customers should use regulated industries to their advantage and hire career specialists in each area of their lives," said one industry executive.
Sales continue to rise across the industry, Limra found.
Research from the Alliance of Lifetime Income highlights the economic implications of a historic turnover in the workforce.
Lifetime income options are good for those who are less financially savvy, a focus group with at least $500,000 said.
Indexed and structured products logged robust double-digit growth as fixed-rate annuities face challenges from declining rates, says new report.
Preliminary results show new annualized premiums hit $3.97B as whole life sales struggled and indexed universal life sales climbed.
Survey findings suggest financial advisors could unlock organic growth opportunities as annuities attract new buyers.
"We're seeing more instances of clients being switched out of annuities," says one plaintiff's attorney.
JPMorgan Asset Management is the latest firm to spice up its target date funds with a dash of annuities.
New Corebridge survey reveals false beliefs around costs, uncertainty on coverage, and what motivates people to get insured.
Annuities have benefited from favorable economic conditions and the Federal Reserve not cutting interest rates this year, says Limra head of research.
