Cyril Tuohy is a writer based in Pennsylvania. He has covered the financial services industry for more than 15 years. He can be reached at [email protected].
Advisors and brokers say fee-based compensation is a difficult transaction with many annuities. In addition, clients often save money over the long run sticking with the traditional commission-based model.
Prudential is venturing into the fixed indexed annuity space and might even include insurance agents as distribution.
Technology, regulations and low interest rates are all 2018 trends that will keep the U.S. life segment in the negative, analyst A.M. Best concluded in a new report. But it is not all bad news, the report found.
Keys parts of the annuity market stabilized in the fourth quarter, a sign that the industry might be recovering from the chilling Department of Labor fiduciary rule.
A new versatile variable annuity comes with both floors and buffers, in both fee- and commission-based sales options. Great-West Financial said its new product gives investors and agents flexibility.
Researcher shows why advisors should show clients how to boost their Social Security and save their retirement by leveraging annuities.
Regulatory pressure and low interest rates drove Allianz Life Insurance premium 16 percent to $11 billion last year compared to 2016, execs reported.
Voya executives say during the quarterly earnings call that the company will have to drop its annuities before seeing if the individual life business is viable for Voya.
MetLife CEO issues a mea culpa on recent news that the company took a $510 million pretax charge for the fourth quarter. The company outlined a series of corrective steps in a conference call with analysts.
A review of procedures used to estimate reserves related to group annuitants led Brighthouse Financial to financial adjustments negatively impacting its fourth-quarter numbers.
Brighthouse Financial reported a fourth-quarter annuity sales increase of 26 percent to $1.34 billion over the year-ago period. The company credited its popular buffered variable annuities (VA) for the strong showing.
Financial problems with General Electric’s run-off insurance block will not effect Genworth Financial’s long-term care insurance (LTCi) policies that were reinsured to a GE subsidiary, execs say.
The FIA will come in two flavors: a bonus version and a non-bonus version.
The extreme volatility swamping markets over the past 10 days has more to do with the future risks perceived by professional traders than with actual performance of a growing economy.
This comes as advisors value a higher payout over a death benefit, an annuity data tracking service has found.
Even though many registered investment advisors offer insurance, a large percentage of them refer their clients to an outside insurance advisor, a survey found.
Boosting agent productivity and embracing a better organizational culture will be the key to life insurers and annuity companies thriving in the 21st century, according to a new report.
With Monday’s sharp downturn, the Dow Jones has lost about 2,200 points since Jan. 26, a decline of nearly 10 percent. But financial advisors say that is just a normal correction to recently explosive market growth that was unsustainable.
Nearly four years after the U.S. Treasury Department authorized QLACs for the 401(k) and the individual retirement account (IRA) markets to help workers save for retirement, advisors seem to be expressing a warming curiosity about DIAs, according to quotation data.
High net worth individuals are finding that investing in this type of annuity gives them protection against longevity while cutting taxes.
