The MYGA Plus™ is a fixed annuity product that provides clients with the flexibility to choose between two fixed rates that are each guaranteed for the initial duration of the product.

Sunset Life Insurance Company of America (“Sunset Life”) announced today it will be renamed Ibexis Life & Annuity Insurance Company (“Ibexis”) as it relaunches the brand under new leadership and direction.

Price hikes were widespread across sectors of the economy in 2021, according to the Federal Reserve’s Beige Book (December 2021). Rising interest rates sent bond prices lower, posting their first losses since 2013, and the prospect of continued rising interest rates could have a negative impact on bond markets in 2022.

With millions of Americans entering retirement over the next decade, many will benefit from the unique features of annuities. Although the core and defining value of annuities is guaranteed lifetime income, deferred annuity products offer various combinations of downside protection and upside potential.

Higher inflation means advisors need to be more efficient in positioning client assets for retirement, says Wade Pfau, professor of retirement income at the American College of Financial Services and a prolific author, his most recent book being the “Retirement Planning Guidebook.”

R. 2954 — a bill that includes major lifetime income annuity rule changes — raced through the House of Representatives on Tuesday.

House members approved the Securing a Strong Retirement Act, also known as the Secure Act 2.0, by a 414-5 vote.