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The Insured Retirement Institute's mission is to provide financial advisors and other interested parties with information and resources to assist in a better understanding of annuities and the role of these products in financial retirement planning. IRI provides the industry with educational coursework, consumer pamphlets, industry statistics, Annuity Fact Book, research, and other material.

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Resource Center  

Variable Annuity Affordability on the Rise, Costs Decline

The Insured Retirement Institute (IRI) today released a report on sales flow data within the U.S. variable annuity market for the second quarter. Compiled by Advanced Sales & Marketing Corporation, the report found that the cost of variable annuities has come down, with the average fee on a VA chassis dropping four basis points in the second quarter. Every share class showed a reduction except for A-shares. The current average cost of a B-share, the most commonly sold, is 1.24%.

Annuity Sales Reveal Consumer Preferences

The Insured Retirement Institute (IRI) today released a report on sales flow data within the U.S. variable annuity market for the first quarter. Compiled by Advanced Sales & Marketing Corporation, the report found that consumers who buy annuities overwhelmingly show interest in living benefit guarantees. More than 81% of variable annuity purchasers chose to protect themselves with a lifetime guarantee of income in the first quarter, the report shows.

IRI Survey: Annuities Projected to Have Strong Growth Potential

The Insured Retirement Institute (IRI) today released a survey in partnership with Cerulli Associates that offers critical insight into the state of the annuity industry. Conducted in the first quarter of this year, the survey found that the overall outlook for the annuity industry is positive, as retirement income and principal protection continue to rate highly among industry executives and advisors. While some challenges remain, respondents indicated the growth industry’s opportunities are strong, with growth for variable annuities ranking 4.1 on a 5-point scale, and fixed ranking 3.2 on the same scale.

First Quarter Product Trend Update for U.S. VA Market

The Insured Retirement Institute (IRI) today released a report on product trend updates within the U.S. variable annuity market for the first quarter. Compiled by Advanced Sales & Marketing Corporation, the report found that carriers filed more than 140 changes in the first quarter, compared to just 37 in the previous quarter. In addition, year-to-year quarterly product changes rose by 4%, increasing from 135 changes in the first quarter in 2009.

IRI VA Summary Prospectus Proposal

The Insured Retirement Institute (IRI) has provided the SEC a proposal to create a summary prospectus for variable annuities.

IRI August Congressional Recess Packet Delivered

IRI mailed copies of the nonpartisan August Recess Packet to staffers across Capitol Hill including a sample op-ed, press release, and text for linking to IRI's retirement calculators.


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