Important Annuity News

  • Marketwatch: Opinion: Collapsing pensions will fuel America’s next financial crisis

    Stanalysis: With so many pension plans in the red, the only person you can truly depend on in your retirement is YOU! Annuities are so misunderstood, largely because they have been incorrectly sold to Americans for years. But annuities can be a self-funded pension plan by providing guaranteed income in retirement.

  • Motley Fool: 4 Proven Ways to Boost Your Retirement Income

    Stanalysis: Why do people continue to recommend stocks and bonds as guaranteed income in retirement yet don’t consider Single Premium Immediate Annuities, Qualified Longevity Annuity Contracts or Deferred Annuities that offer guaranteed income? Don’t be an annuity hater. SPIAs, QLACs and DIAs offer contractual guarantees of income in retirement.

  • Investment News: Some firms opting to sell fixed annuities under best-interest contract exemption to keep trips, bonuses intact

    Stanalysis: I have been warning consumers about pushy sales tactics for years. The problem is that under the DOL new fiduciary rules, Fixed Indexed Annuities will fall under the more onerous BICE – Best Interest Contract Exemption – which on the surface seems like a good thing. But unfortunately it also allows for certain compensation arrangements to remain intact. I would like to think putting these products under BICE rules would make it better for consumers. But unfortunately if you leave compensation arrangements in place, agents can still be motivated by the wrong thing.

  • Investment News: State insurance commissioners consider strengthening annuity sales rules

    Stanalysis: In my opinion this is move by the states for more regulations is “army eyewash”…..meaning that it looks good on the surface, but will probably have no meaningful change to the abhorrent sales practices and advertising that permeates the annuity industry. What will probably come out of it is more forms for the client and agent to sign. No real change.