Ups and Downs of Annuity Sales

Presented by Richard Mangiameli LIMRA Secure Retirement Institute reports a decline in annuity sales in the first quarter of 2015; total of 7% sales drop. Decline in every major annuity product line EXCEPT “INDEXED ANNUTIES”! Index Annuities increase 3% in the first quarter, totaling $11.6 billion; eighth consecutive quarter of increased sales. Click on this article to read more about the Ups and Downs of annuity sales. http://annuityoutlookmagazine.com/2015/07/the-ups-downs-of-annuity-sales/

Longevity Credits

Presented by Richard Mangiameli Longevity credits are increasing, which simply means we are living longer.  Mortality Tables for 2014 now read: Males at 65 will live until 86.6 years old, and Women at 65 will live until 88.6 years old.  According to LIMRAs recent report for the USA Today, “SPIA”– Single Premium Immediate Annuity sales have spiked 17% in 2014. It is important to educate the baby boomers about Lifetime Income options and product choices.  If they are looking for income at a later date, then they need to learn about Fixed Index Annuity with Lifetime Income riders.  If they are looking to start income within the first twelve months, they need to learn about options with SPIAs. Click on the link for more information: http://www.lifehealthpro.com/2015/05/12/longevity-credits-the-time-to-act-is-now?t=annuity-sales-strategies&page_all=1