Linda Koco, MBA, is a contributing editor to InsuranceNewsNet, specializing in life insurance, annuities and income planning. Linda can be reached at [email protected].
The Oregon Insurance Division is developing rules to eliminate “Last In, First Out” calculations when assessing early withdrawal charges under…
The establishment of state-based retirement programs for workers moved a few inches closer to reality on both the federal and state levels last week.
Traditional fixed annuities (FAs) and multi-year guaranteed annuities (MYGAs) might seem like yesteryear’s afterthought, shivering as their sales are in the shadow of the soaring fixed index annuity (FIA) sales. But it might be a mistake for annuity professionals to give these products the cold shoulder.
James R. Mumford, a retired Iowa insurance regulator, was widely known for supporting and helping advance numerous “balanced” annuity regulations and compliance initiatives.
Women are taking steps to improve their financial wellness, according to a think tank.
Voya Financial reaches $90 billion deal to sell block of life insurance policies.
A Conning report says size is not the best indicator of a top life and annuity company.
Longevity annuities have received an unexpected vote of encouragement from the National institute on Retirement Security (NIRS). These contracts “may…
The average worker will need to save 11 times their final pay at retirement (age 65) to keep their pre-retirement lifestyle, according to a new Aon Hewitt study.
The hybrid registered investment advisory (RIA) business has a new player — Voya Financial Advisors, the independent broker/dealer (BD) of Voya Financial Inc.
With the exception of second quarter 2014, fixed index annuity (FIA) sales were “greater this quarter than in any other second quarter in the history of the product line,” said Sheryl J. Moore, president and CEO of both Wink Inc. and Moore Market Intelligence.
The most recent batch of tax data shows the ongoing financial recovery. The information also could open some opportunities for advisor/client discussions.
The Employment Benefit Research Institute (EBRI) came out with a report that will boost interest in qualifying longevity annuity contracts (QLACs).
The newest annuity products to hit the marketplace are focused on retirement income — and retirement security. Here are a few examples of the different ways this is playing out.
Much of the growth in cash balance retirement plans was driven by the small/medium business crowd, according to a new report.
The second quarter annuity industry sales estimates published by LIMRA Secure Retirement Institute (LIMRA SRI) reveal that sales declined compared to one year ago. However, that does not mean annuities are losing their luster.
Although Americans seem to be following the advice not putting all their eggs in one basket, the tendency to diversify is more pronounced among those who have an advisor, a study found.
Retirement planning practitioners may benefit by offering withdrawal planning services to older clients.
In a definitive agreement signed last week, 134-year-old Meiji Yasuda Life, a Tokyo insurer, said it will buy 109-year-old StanCorp Financial Group, a Portland, Ore., group insurer.
The measure, Senate Bill 426 (Leyva), requires that, when fixed deferred annuities are issued to consumers age 65 or older, the death benefit must at least equal the annuity amount or the accumulation value.
