Flexible Premium Deferred Annuity
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800.247.6888
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Fixed Annuity
A fixed annuity provides a guaranteed rate of interest during the accumulation period and a guaranteed (“fixed”) amount of income when the contract is annuitized. With a fixed annuity, the insurance company is responsible for investing the premium payments and therefore assumes investment risk. The insurance company is obligated to provide guaranteed annuity payments regardless of whether their investments have generated an adequate rate of return. With a fixed annuity: 1) the money can go in as a single premium payment or a series of payments; 2) the money is invested at a fixed or guaranteed rate, and; 3) payments are at a fixed rate and can begin immediately or at some future date.
Principal Growth Annuity
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800.247.6888
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MetLife Gaining Strength at the Expense of Weaker Rivals
MetLife 's leading position in the U.S. annuity industry is only getting stronger. The company is benefitting from financial crisis-related flight to quality. In other words, financial advisors and customers who are concerned about credit risk are migrating to a handful of the strongest insurers. MetLife expects variable annuity sales to exceed $15 billion in 2009--exceeding pre-financial crisis revenue levels in 2007. The company has also seen an increase in fixed annuity business. Source:...
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Fixed Annuity Sales Rise to $27.8 Billion
Sales of fixed annuities in the United States were $27.8 billion during the second quarter of 2009. This represented an increase of 10% from the same period a year earlier, but a decrease of 20% from the previous record setting quarter. New York Life was the sales leader with $2.85 billion in sales. Aviva , Allianz and MetLife also posted strong sales. Source: Investment News Full Story
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Sheryl Moore on Fixed Indexed Annuities and the SEC Proposed Rule 151A
The Securities and Exchange Commission’s (SEC) proposed Rule 151A would change the securities status of indexed annuities from fixed insurance products to registered, securities products.
The proposed rule would have a significant impact on their entire industry landscape. SEC 151A would affect the way in which insurance companies develop...
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