Within the fixed annuities
marketplace, fixed indexed annuities have seen the most dramatic jump in total sales, setting new records in four of the last five quarters.
There will be several big tax fights this year and NAFA will actively monitor for any legislation that would change the tax treatment of fixed annuities
Annuities had a somewhat mixed year, with variable and indexed annuities taking off while fixed annuities
The insurer now provides fixed index annuities, fixed annuities
and a fixed annuity with long-term care benefits via multiple distribution networks, as well as variable annuities sold exclusively through broker-dealers.
Average credited rates increased 40 basis points during 2013 and, for the first time, there were year-over-year increases in sales of all types of fixed annuities
Many young people simply don't understand what fixed annuities
are and how they can add a safety layer to any retirement plan.
And, since most supplemental plans cover small groups of employees, fixed annuities
that allow the employer to participate in gains and losses relating to mortality and interest assumptions usually are not available.
NAFA, the National Association for Fixed Annuities
, is a national trade association exclusively dedicated to promoting the awareness and understanding of fixed annuities
- including income, declared rate, market value adjusted and indexed.
outsold variables in the bank space for the first time since April 2011.
This multi-state settlement pertains to fixed annuities
issued from 2001 through 2008.
1, 2011, all agents must take a four-hour certification course related to the fundamentals and material features of fixed annuities
Accurate and reliable advertising promotes consumer confidence in the fixed annuity industry," says the National Association for Fixed Annuities