Immediate annuities guarantee income: You pay a sum of money to an insurance company, and the firm provides you with a stream of payments that can last a lifetime. Payments begin as soon as 30 days after purchase. According to Rob Williams, managing director of wealth management at Charles Schwab, and NerdWallet, now may be a good time for retirees to purchase an immediate annuity because payouts are at their highest in a decade. As with any investment, before purchasing an immediate annuity, you’ll want to consult with a licensed financial advisor. Why Think About an Immediate Annuity Outli ..read more

Are you thinking about retiring? And what that could look like for you? If you are, your primary goal is most likely to be able to retire comfortably with a steady stream of income. New York Life reviews the safety of annuities.  Guaranteed Monthly Income for Life Annuities can assure that you have a steady monthly income for the rest of your life, and also the life of your spouse. Many retirees and annuity owners use this income for their day-to-day living expenses. It can also provide you the peace of mind that you won’t outlive your savings, which is known to be a common concern among ..read more

Forbes recently published an article called  “How to Buy an Annuity” by John Egan. This article includes tips to begin and continue the journey towards purchasing an annuity. A lot of retirees who could benefit from investing in annuities typically steer clear of them, and it is because many Americans underestimate how long they live. It is quite a loss in the long run, because according to Forbes, annuities have many upsides, and one is longevity.  “One of the biggest risks of retirement is outliving your money,” said Brian Walsh, CFP, manager of financial planning at SoFi. “If you ..read more

The financial environment in 2022 led more people to seek the protection offered by fixed annuities. This can be attributed to the unprecedented long-term market volatility and rising interest rates not seen since the financial crisis. According to InsuranceNewsNet sales of protection-based annuities, which include fixed-rate deferred annuities, fixed indexed annuities without a guaranteed living benefit, registered index-linked annuities without a guaranteed living benefit and traditional variable annuities with a guaranteed minimum accumulation benefit, increased a staggering 60% in 2022. L ..read more

After record breaking sales in 2022, Q1 annuity sales for 2023 hit $92.9 billion, a 47% increase. Information from InsuranceNewsNet confirms that this is the highest quarterly sales ever recorded with results from LIMRA’s Preliminary U.S. Individual Annuity Sales Survey. “Market conditions continue to drive investor demand for annuities. Every major fixed annuity product line experienced at least double-digit, year-over-year (YOY) growth,” said Todd Giesing, assistant vice president, LIMRA Annuity Research. “Despite expectations that interest rates will level off, LIMRA is forecasting total a ..read more

Annuity sales—also supported by rising interest rates—are surging. According to InsurnaceNewsNet.com, if current market conditions hold, fixed annuities, fixed-indexed annuities (FIAs), and registered index-linked annuities (RILAs) are predicted to compete more fiercely with one another during the next five years. If these fixed annuity rates remain high, advisors and their clients will likely continue as well, electing a predictable rate of return with full principal protection versus annuities that offer much potential with principal at risk. Nevertheless, as interest rates decrease over ti ..read more

One of the leading providers of life, disability, dental and other benefits in the U.S., Guardian life Insurance Company of America, has just launched a new fixed indexed annuity with an optional guaranteed living benefit rider.  In an effort to help mitigate market volatility and longevity risk, the company introduced the Guardian Secure Index Annuity, offering guaranteed retirement income which clients cannot outlive. There’s even growth potential to boot!   According to a recent InsuranceNewsNet article, almost 80% of working Americans feel that it’s important to have a guaranteed ..read more

One of the leading providers of life, disability, dental and other benefits in the U.S., Guardian life Insurance Company of America, has just launched a new fixed indexed annuity with an optional guaranteed living benefit rider.  In an effort to help mitigate market volatility and longevity risk, the company introduced the Guardian Secure Index Annuity, offering guaranteed retirement income which clients cannot outlive. There’s even growth potential to boot!   According to a recent InsuranceNewsNet article, almost 80% of working Americans feel that it’s important to have a guaranteed ..read more

One of the leading providers of life, disability, dental and other benefits in the U.S., Guardian life Insurance Company of America, has just launched a new fixed indexed annuity with an optional guaranteed living benefit rider.  In an effort to help mitigate market volatility and longevity risk, the company introduced the Guardian Secure Index Annuity, offering guaranteed retirement income which clients cannot outlive. There’s even growth potential to boot!   According to a recent InsuranceNewsNet article, almost 80% of working Americans feel that it’s important to have a guaranteed ..read more