North American partners with AMS on a new FIA; US Senator slams insurance carrier kickbacks; Allianz survey unveils that less than half of Americans have a plan for retirement.
The third quarter of the year saw another record-high for fixed index annuity (FIA) sales as they edged up 54% to US$34.9 billion year-on-year (YoY). That led to US$94.2 billion sales for the first nine months, a 33% climb YoY, according to preliminary results from Limra’s US individual annuity sales survey. Since the beginning of the year, various carriers have introduced at least seven new Rila products into the market while others have enhanced existing products, due to high interest
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