The American College of Financial Services, a non-profit educational institution devoted to finance, is experiencing energetic interest in their Retirement Income Certified Professional (RICP) designation.
Industry professionals, acutely aware of the 76 million baby boomers concerned about the security of their retirement plans and options, have been displaying a keen eagerness in the designation — 3,000 licensed advisors and insurance agents have registered for the program since its launch one year ago.
The credential, which is completely focused on generating retirement income and security while managing benefits like Social Security, is the fastest-growing advisor credential ever launched in the College's 87-year history.
The curriculum for the designation contains three in-depth college-level courses covering topics necessary to any retirement income plan.
American General Life Insurance Company (American General) recently announced the launch their newest index annuity, Power Index Plus.
American General, an AIG Life and Retirement company, seems to be seeking to expand their presence in the index annuity market as the Power Index Plus follows April's launch of the AG Choice Index 10SM annuity.
Their newest product, designed to be distributed by financial institutions and independent broker-dealers, but will also be available to brokerage general agencies, seeks to combine principal protection, growth potential and lifetime income.
The Power Index Plus offers three interest-crediting strategies: A 1-year fixed interest account, an annual point-to-point index interest account and a monthly point-to-point additive index interest account. The accounts provide clients the ability to earn interest based on the performance of the S&P 500 index without dividends. The annuity will not lose value due to market fluctuations.
