Blogs
Advisors adapt to changes in variable annuity marketplace By Warren Hersch
“There has been an enormous amount of activity in the market for variable annuities, most especially with regard to the guaranteed income base that is offered in the form of a lifetime income benefit,” says Chris O’Shea, an advisor representative for Allegiance Financial Advisors, Jacksonville, Fla.
Many carriers have significantly reduced or eliminated the once generous credits they offered policyholders of VAs, he adds.
Don't Be Victimized By Variable Annuities
By Mason Dinehart III, RFC
FEND Securities Expert Witness
Submitted July, 2006
Insurance Sales Agents Information
* Nature of the Work
* Training, Other Qualifications, and Advancement
* Employment
* Job Outlook
* Projections Data
* Earnings
* OES Data
* Related Occupations
* Sources of Additional Information
Significant Points
* In addition to offering insurance policies, agents increasingly sell mutual funds, annuities, and securities and offer comprehensive financial planning services, including retirement and estate planning.
* Agents must obtain a license in the States where they sell.
Current Annuity Rates
Product Single Premium Deferred Annuity
(Traditional IRA, Roth IRA, or Annuity) Flexible Premium
Deferred Annuity
(Traditional IRA, Roth IRA, or Annuity)
CURRENT RATE 1 4.25% guaranteed for first year. 4.00% guaranteed for first year.
GUARANTEED
RATE 2 1.50% guaranteed in subsequent years. (FL, LA, MN, NY, OR, TX, and UT are currently at 3.50%; WA is currently at 3%.) .
What Are Annuities?
An annuity is a contract between you and the insurance company, where you make a lump-sum payment or series of payments over time. In return, the insurer agrees to make periodic payments to you beginning immediately or at a specified date. Annuities typically offer tax-deferred growth and may include a death benefit that will pay your beneficiary a guaranteed amount, usually at least your principal.
Three basic types of annuities
INSURANCE REGULATORS URGE CONGRESS TO CAPITALIZE ON STATES’ STRENGTHS
Regulatory and Health Care Reform Must Tap State Expertise.
WASHINGTON, D.C. (May 20, 2009) — The state-based insurance regulatory system has remained a constant in an otherwise erratic economic climate. That was the key message conveyed this week when state insurance regulators visited members of Congress to highlight the part of the regulatory system that has consistently worked.
