The product offering includes deferred variable annuities, immediate fixed income annuities
, fixed deferred annuities with guaranteed life withdrawal benefits and deferred income annuities.
Hunt, the Fort Collins agent, suggests that regulators could consider exempting true fixed income annuities
, or indexed annuities, that come without any special, complicated riders from any new advice rules.
Products like fixed income annuities
(FIAs) can not only provide retirees with regular payouts, but can also assure the safety of the initial annuity principal.
Advisors generally rely on a combination of four major investment product categories for retirement income clients: mutual funds, ETFs, variable annuities and fixed income annuities
FIAs (fixed income annuities
) have been hitting new highs in terms of sales and SPIA sales have been slowly drifting up even though rates are historically very low."
O'Brien also sees a lot of potential in the 8 percent jump in producers who are selling fixed income annuities
, and said that matches what she's seen in terms of research and product innovation.
IS IT FINALLY TIME for fixed income annuities
to shine in the retirement marketplace?
"And while fixed income annuities
are currently not being moved to the new fiduciary contract, these products may still be negatively affected under the new impartial conduct standards," which include acting in the interest of clients and not accepting unreasonable compensation, Gallagher said.