For Safe Return, all rate decreases are cancelled. For Safe Outlook, American Legend II and American Valor 10 indexed strategies, most caps are decreasing by 25 bps less than previously announced.     Currently, the annual cap on the Safe Return is 4.25% which is among the highest annual caps in the industry, especially on [...]

Earlier this month we reported that Great American would be lowering their caps on May 21st.  Well, we are happy to say that because of a rebound in fixed maturity rates, the Safe Return decreases that were supposed to take place will be cancelled.  The decrease on the caps for the Safe Outlook, American Legend [...]

Athene Annuity announced earlier this month that there will be a rollup rate change effective June 1, 2013.  To receive the current rate, complete application packages must be signed and dated 5/31/13 or earlier and received in good order in Athenes service center by June 7, 2013.  The rollup rate changes are as followed:   [...]

Athene Annuity & Life Assurance Company has announced that on June 1st it will reduce the rollup rate on the Choice Series income riders and the Benefit 10 Enhanced Benefit Rider by 50 basis points.  In order to receive the current rate, applications must be dated May 31st of 2013 or earlier and Athene must receive [...]

Sentinel’s newly created Summit Bonus Index Annuity has become available on NC shelves.  This highly competitive income annuity will provide your client’s the following features:     Summit Bonus Index Annuity 10 year Annuity Industry-Leading Income Rider Competitive Caps Maximum Premium Bonus – Up to 9% Issues Ages 0-80 7% Compounding Income Roll-Up for 20 Years [...]

With the 10 year treasury hovering around 1.70%, Great American is forced to reduce their caps in May.  Great American was one of the few carriers who has raised caps in the last 6 months, especially if we look at A- or higher rated carriers.  On average they are reducing their annual caps around 25bps [...]

Great American (GAFRI) is pleased to announce that Moody’s Investors Service has upgraded the financial strength rating from A3 to A2 with a stable outlook!  Great American are currently rate “A (Excellent)” by A.M. Best and “A+” by Standard & Poor’s.

Great American just announced this week that they will be lowering their caps and rates as the 10 year treasury as been hovering right around the 1.70% range.  Currently Great American offers one of the higher cap and rate products on the market especially if you are only looking at A- or better companies.  Even [...]

Will Rogers once said that the income taxes has made more liars out of Americans than golf so as we wrap up the tax season and look at the summary of results from the Variable and Fixed Indexed Annuity arena in 2012,  it looks as if Variable Annuities continue to slide after three straight years [...]

The fixed indexed annuity market sales have been down recently, but there is a bright spot.  Income annuities experienced in an increase in sales in Q4 of 2012 which is continuation of their trend over the previous 4 quarters.  Income annuity sales reached $2.38 billion in Q4 and $9.2 billion for 2012, both new record [...]