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Single Premium Annuity

An annuity—such as an immediate annuity—that is purchased with a single premium payment.

How Much Annuity Income Would the Median 401k Balance Produce?

The Lifetime Income Disclosure Act introduced by the U.S. Senate last year would require 401k plan sponsors (employers) to provide plan participants (employees) with estimates of the amount of lifetime income that would be generated by their account balances.

Achaean Financial is Proving Innovation is Alive and Well in the Annuity Business

Lorry Stensrud, a seasoned executive turned entrepreneur, is on the leading-edge of retirement income product development with his new Venture Achaean Financial.

Achaean’s Income Plus+ product provides a relatively high level of guaranteed starting income while maintaining both liquidity and upside potential.

Read on for a glimpse into the most recent generation of product development in the retirement income industry.

 

Bob MacDonald on the Unprecedented Opportunity in the Annuity Industry

Bob MacDonald has had a storied career as a leading entrepreneur and executive in the financial services industry.

Some of Bob’s roles include: president and CEO of ITT Life; founder, chairman and CEO of the highly successful LifeUSA, and; CEO of Allianz Life of North America.  Bob is also a noted business author with several best-selling management books to his credit.

As a widely acknowledged thought leader and product innovator in the financial services industry, Bob is able and willing to share a wealth of experience and insights.

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Sagicor Life

Sagicor Life Insurance Company is part of the Sagicor Group that was founded in 1840 and is one of the world's oldest insurance companies. Sagicor Life Insurance Company that aims to provide customers with Wise Financial Thinking For Life is licensed to offer its products in 45 States including the District of Columbia. The company offers individuals a range of financial solutions that include life insurance, annuities and combination products. A brief overview of products from Sagicor Life Insurance Company is as follows:

Presidential Life

Presidential Life is a provider of fixed deferred and immediate annuities and life insurance products to financial service professionals and their clients across the United States. Presidential Life annuity offerings fall under the following areas: 1) Flexible Premium Deferred Annuity (FPDA): An FPDA is a tax-deferred annuity that will accept multiple premium payments while the annuity is in an accumulation period. FPDA annuities may accept salary reduction payments, bank draft or pre-authorized check plan payments, transfers, rollovers, and single sum direct payments.

Erie Insurance

Erie Insurance, a J. D. Power and Associates recipient, is a multi-line insurance company, offering auto, home, business and life insurance through a network of independent insurance agents. The company's geographic presence extends to 11 states and the District of Columbia; from New York to North Carolina and from Wisconsin to Tennessee. Some of the company's life insurance and retirement related products include: 1) Whole Life: Whole life insurance is the most common type of permanent insurance.

Catholic Life

Catholic Life Insurance is a fraternal company specializing in helping individuals and families achieve financial security through life insurance, IRAs and retirement annuities. The company also offers volunteer opportunities that enhance our members' lives and benefit their communities. Founded in 1901, Catholic Life Insurance is the nation's 9th largest fraternal benefit society. Annuity-related offerings include:

1) Flexible Premium Deferred Annuity: This product allows for regular or varying deposits over time. It is available to individuals.

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Retirement Income Industry Association Spring Conference 2012

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