Information About
PHILADELPHIA ANNUITY
Articles
The Role of Income Riders on Fixed Annuities
Insurance companies began using the term “income planning” several years ago to promote new and innovative riders on annuities. In only a few years, clients started making decisions about their advisor relationship largely on the advisor’s ability or willingness to plan for income. In the Fidelity Advisor 2006 Survey of Investors at Retirement, seven of 10 baby boomers indicated they wanted to discuss income planning. Less than four of 10, however, had an income discussion with their advisor. More important for advisors, McKinsey & Co’s “Managing Retirement Income: Innovative Strategies to Capture and Retain Retirement Income” research found that 75%
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Municipal Bonds vs. Immediate Annuities for Income in Retirement
New York Life has analyzed the income-generating potential of many financial instruments in comparison with fixed income annuities. Municipal bonds (munis) offer relative safety, as do income annuities from highly-rated insurers. Munis also offer some tax advantages. Even considering the tax advantages, however, we believe that income annuities can be more efficient than munis in generating income. Municipal Bonds vs. Immediate Annuities for Income in Retirement Source: Life Insurance Selling
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There is an Imposture Out There!
In our daily search to check out our search engine rankings we found something disturbing. On Google, perhaps you heard of them, there is a website advertising using our corporate name! We felt that we needed to address this issue because it does hurt Annuity IQ . When we found it our first call was to our legal people who said to contact Google, which we did. Google, in their infinite wisdom, said they will look into it even though this type of advertising is against their terms of service. So after 20 minutes on the phone with them they
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Bank Annuity Sales Fall in May
In May, total bank annuity sales declined for the second month in a row. According to the Kehrer-JacksonSM Monthly Bank Annuity Sales Survey, financial institutions sold $4.1 billion of fixed and variable annuities in May 2008, down from $4.9 billion in April and $5.1 billion in March. The monthly survey is based on a national sample of banks that have a minimum of $4 billion in assets. Bank Annuity Sales Fall in May Source: Insurance News Net
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