Information About
PHILADELPHIA ANNUITY
Articles
Led by New York Life Products, Fixed Annuity Sales Rise 54% in Third Quarter
Buttressed by favorable interest rates and sought by investors looking for shelter from falling equity prices, U.S. fixed annuity sales set a new quarterly record. Led by New York Life Products, Fixed Annuity Sales Rise 54% in Third Quarter Source: Financial-Planning
Read more...
Study Finds Consumers Wary of Annuities
Despite the continual upswing of fixed annuity products, a LIMRA International study of consumers between 50 and 75 years old with household incomes of at least 50,000 dollars in the Raleigh, North Carolina an Cincinnati areas discovered that consumers both find annuities to be confusing and tend to harbor a bias against these products. Study Finds Consumers Wary of Annuities Source: Producers Web
Read more...
Beacon's Fixed Annuity Premium Study Reports Third Quarter's Bank Channel Sales
U.S. bank sales of fixed annuities were an estimated $9.2 billion in third quarter, 2008, according to new data from the Beacon Research Fixed Annuity Premium Study. The quarter’s sales were 80% above third quarter, 2007, and up 4% from the prior quarter. On a year-to-date basis, estimated sales were $24.9 billion, 90% ahead of results in the first three quarters of 2007. Beacon's Fixed Annuity Premium Study Reports Third Quarter's Bank Channel Sales Source: Insurance News Net
Read more...
Variable Annuity Trends
Investors and advisors alike would be hard-pressed to find a silver lining to this fall’s financial meltdown, but if there is one, says John Hancock’s Tom Mullen, it might just be found in the variable annuities marketplace. One potential positive to emerge from all the bloodshed, suggests Mullen, vice president of marketing at John Hancock Annuities, is a winding down of the “arms race” that for roughly the past two years has pitted insurance companies against one another in an increasingly risky game of living benefits one-upmanship... Senior Market Advisor: Variable Annuity Trends
Read more...
