ELM's product development process, involving product review of 13 major insurance companies, found that the insulated separate account feature is rarely seen in individual fixed income annuity contracts, although common in group contracts.
With the newest provisions in place, the ELM(sm) Income Annuity is establishing a benchmark in the industry for innovative fixed income annuity products.
Account A, which had no fixed income annuity component and was made up of U.
Golden added that while Accounts B, C, and D are bolstered by the use of a fixed income annuity, the decision of when to purchase the income annuity -- all at once or gradually over time -- can be crucial in certain market conditions and can vary based on an investor's comfort level.
Select Retirement, an individual, supplemental, immediate fixed income annuity
, is issued by Nationwide Life Insurance Company, Columbus, Ohio, a member of Nationwide Financial.
SAN FRANCISCO -- As the first wave of Baby Boomers enters retirement this year, and the need for retirement income solutions becomes increasingly important, Charles Schwab today announced an expansion of its Single Premium Immediate Annuity (SPIA) offer, a fixed income annuity platform that provides choice and flexibility for people seeking ongoing sources of guaranteed income in retirement.
These additions to our existing SPIA platform further diversify our fixed income annuity offering and are consistent with Schwab's overall open architecture approach that enables investors to choose the products that make the most sense for their specific situation.
Select Retirement employs a fixed income annuity
issued by Nationwide Life Insurance Company (Nationwide) to provide a distinct way to create guaranteed lifetime income from the Select UMA account.
Higher targets for income or bequests generally also suggest larger allocations to variable annuities with GMWB features or to traditional SWP's -- both of which offer possible equity appreciation that fixed income annuity
products do not.
These were developed in conjunction with two major insurance companies, Principal Life Insurance Company, a member of the Principal Financial Group[R] for the fixed income annuity
, and Nationwide Life Insurance Company, a member of Nationwide Financial[R], for the indexed annuity.