Tag: annuity

Earlier this month, Alabama became the 13th state to adopt enhanced consumer protections for purchasers of annuities, based on a framework put forward by the National Association of Insurance Commissioners.

Research from SRI anticipates the annuity market to grow as much as 30% by 2025.

Though significant in its own right, the appellate ruling could potentially be stayed if (and when) it is appealed to the New York Court of Appeals, which is the state’s highest court.

PGIM says evolving technology will enable plan sponsors and advisers to deliver on this promise.

Thanks to increases in longevity and lower expected returns from stocks and bonds in the foreseeable future, annuities are now seen as a big part of the solution.

With some riders, participants can enjoy the upside of the market with downside protection.

More than any other generation, its members are receptive to in-plan guarantees.

For their part, participants say they feel the pandemic has make their retirement savings more vulnerable.

Panelists discussed how employers can add different lifetime income options into their plans and the appropriate products to use. 

The SECURE Act will inevitably lead to more sponsors inquiring about in-plan income options, and advisers need to be ready.

Two insurers have joined the effort to make lifetime income available in a simplified manner.