The annuity business has grown in popularity as investors, especially those nearing retirement, look for options that protect them from stock market volatility and provide a decent income stream in retirement. With over $200 billion in annual sales, the annuity industry is big business with lots of salespeople trying to persuade you to make a purchase.

Today, I will dig deep into the Allianz Index Advantage Income Annuity, one of the insurance industry's newest innovations. Registered index-linked annuities, RILAs also known as buffer annuities, appeal to investors who are risk averse but also need growth because they offer some downside protection in exchange for a cap on a stock index's upside performance. If it sounds attractive, you're not alone. Sales of RILAs rose 38% to $4.9 billion in the first quarter of 2020.

Read More

Editor's Note: This post was originally published in September 2020 and has been updated for freshness, accuracy, and comprehensiveness.

If you are looking for our review of the Allianz Index Advantage Income Variable Annuity, please click here. The Income version has an income rider attached.

———————————————————————

The annuity business has grown in popularity as investors, especially those nearing retirement, look for options that protect them from stock market volatility and provide a decent income stream in retirement. With over $200 billion in annual sales, the annuity industry is big business with lots of salespeople trying to persuade you to make a purchase.

Today, I will dig deep into the Allianz Index Advantage Annuity, one of the insurance industry's newest innovations. Registered index-linked annuities, RILAs also known as buffer annuities, appeal to investors who are risk averse but also need growth because they offer some downside protection in exchange for a cap on a stock index's upside performance. If it sounds attractive, you're not alone. Sales of RILAs rose 38% to $4.9 billion in the first quarter of 2020.

Read More