Financial Advisor: Quarterly Sales Jump For Variable Annuities
Financial Advisor introduces Jefferson National as “a prominent player” in an article discussing the latest trends of variable annuities. Trends show that the quarterly sales of VAs has jumped nearly 12% - outstripping fixed annuities by 2 percentage points.
A number of different industry experts are featured throughout the article to help explain the driver behind this success. Several of these advisors say the positive trend of VAs will continue as long as the stock market continues rising. Low interest rates and income guarantees will also continue to drive VA sales - especially for boomers entering retirement who are “deathly afraid of losing money in another 2008-type downturn”.
At the same time, younger investors are predicted to “shift to low-cost investment-only VAs (IOVAs)” to maximize the benefits of tax deferral. Author Ben Mattlin positions Jefferson National as a leading player in the IOVA industry. He goes on to announce JeffNat’s latest partnerships with Trust Company of America, Orion Advisor Services and Quovo, each established to “help more RIAs and fee-based advisors integrate tax-advantaged investing into their practice,” according to president Larry Greenberg.
Read more about the recent trends of variable annuities, here.