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.

Jackson National Reports Strong Annuity Sales and Earnings

Jackson National is the latest in a list of insurance companies to report strong earnings and annuity sales. Jackson National Life Insurance Company reported sales and deposits of $6.1 billion during the first six months of 2009. Variable annuity sales were $3.8 billion for the first two quarters. Fixed annuity sales were also strong at $1.9 billion. Source: Investment News Full Story

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Banks Generate $734.5 Million in Annuity Fee Income During First Quarter of 2009

Bank holding companies generated three quarters of a billion dollars in annuity fee income during the first three months of 2009--an annual run rate of approximately $3 billion. The fee income is essentially commissions from sales of various annuity products in the banks. Sales by annuity type were not broken-out in the study that came from Michael White Associates. That said, the increase in fixed annuity sales in the first quarter of 2009 likely contributed to robust bank sales. Banks...
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Short Company Name: 
Long Company Name: 
Transamerica Life Insurance Company

The companies of

Company Type: 
Insurance Company
Street Address: 
4 Manhattanville Road
New York
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Phone Number: 
Fax Number: 
852-2877-6220, 704-330-7947
Year Founded: 
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