Posts Tagged ‘variable annuities’
How Will Variable Annuities Evolve as Boomers Seek Retirement Income?
Retail investors trust big advisory firms less than they did four years ago and are questioning the value of the advice they receive. The increase in both market volatility and interest from the Baby Boomers in generating retirement income should be a slam-dunk for variable annuities. And unlike mutual funds and ETFs, sales of the products are [...]
Why is Hartford Really Killing Its Annuity Business?
The insurance giant said it is exiting the annuity business so it can focus on its property and casualty insurance group benefits and mutual funds. The move came over pressure form one of its largest shareholders, John Paulson. Although the company was a leader in variable annuities, its exposure to the guarantees that come along with some [...]
Variable Annuities: Is the Party Over?
Sales have been skyrocketing for variable annuities. Advisors, brokers, and insurance agents have been selling the product to investors, on the premise of all the upside from the market and none of the downside risk. But, in recent months we have seen John Hancock, Sun Life, and many others exit the variable-annuity business altogether due to the [...]
