2013 March Madness final four product review: Annuities

By Steve Savant

Ash Brokerage Corporation

The non-FINRA annuity market has been deeply affected by the protracted low interest rate environment and the new regulatory reserving protocols implemented with the advent of AG 38. While SPIA interest rate crediting remains low, a new resurgence in the mortality credits has many potential annuity purchasers delaying until age 70 to trigger lifetime benefits. Among this same thinking are lifetime income riders with indexed annuities and some fixed annuities. It seems like the entire insurance industry is returning to the original premise for purchasing annuities — and that is for income. Steve and Eric separate the current contenders from past pretenders in their final four annuity review for 2013.