The FIDx Five: Record Annuity Sales Predict Strong 2023
Retirement, Annuity, & Fintech Insights
Robust Q2 sales indicate a potentially record-breaking 2023 for annuities, according to a recent LIMRA survey. Discover more about that and four other stories in this edition of “The FIDx Five.”
Investors Turn to Indexed Annuity Products, Setting New Q2 Sales Records
Amid booming equity markets, indexed annuities drove record sales, suggesting a robust outlook for 2023.
Source: InsuranceNewsNet, “Indexed annuity products power sales surge through Q2, set records,” 7/25/23
Tick-Tock on the CE Clock
FINRA issued a reminder about the impending December 31st deadline for completing continuing education requirements.
Source: Think Advisor, “Don't Forget This CE Requirement, FINRA Warns,” 7/27/23
Charitable Gift Annuities
A new tax law allows retirees to draw an annual income from charitable donations made through their IRAs, offering a dual benefit to both the retirees and the charities.
Source: The Wall Street Journal, “A Retirement Tax Break That Ends the Fear of Outliving Your 401(k),” 7/23/23
In-Retirement Annuity Plan Reaches Quarter Million Mark"
How has TIAA's in-retirement plan annuity service drawn more than 250,000 participants?
Source: Plan Adviser, “TIAA In-Plan Annuity Option Hits 250,000 Participants,” 7/25/23
AI in Insurance
Experts suggest AI will likely replace some jobs in the insurance sector—but could also provide a promotion for a select few.
Source: Life Annuity Specialist, “Yes, AI is Coming for Insurance Jobs,” 7/24/23
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