Variable universal life used to be a hot product line but their sales dipped around 2000 and had not recovered since. But lately they are showing some signs of life.
NAIC Focuses On Proprietary Indices In Annuity Illustration Discussion
A National Association of Insurance Commissioners’ working group is considering model law changes to permit indexed annuity illustrations using indexes in existence less than 10 years. Critics have mixed views on the possible changes.
Current pricing in federal funds futures markets suggests a 95 percent chance of a rate hike when the Fed committee meets Tuesday and Wednesday. Rising inflation and still-low interest rates are reasons another hike is likely.
The Fifth Circuit Court of Appeals hasn’t yet issued a final mandate officially killing the Department of Labor fiduciary rule. The ACLI asked the court today to issue the mandate as soon as possible.
Sales of fee-based VAs, one of the industry’s best hopes for cracking the registered investment advisor channel, rose 70 percent to $780 million over the year-ago period, LIMRA reported.
Single retirees who work with an advisor are more confident in their retirement security than those who do not. This represents an opportunity for advisors.
A National Association of Insurance Commissioners’ working group bridged some tough gaps, but punted others, during a two-day meeting to craft an annuity sales transactions standard.
Annuities and fiduciary duty are usually mentioned together in the context of protecting clients in annuity transactions. But an annuity provider is turning that around by saying advisors are failing their fiduciary duty when they do not include annuities in the discussion.
Surveys indicate that between 40 and 60 percent of Americans list running out of retirement funds as their No. 1 fear. So what can an advisor for to help clients deal with that fear, and make sure it doesn’t come true?
Universal life sales fell 19 percent in the first quarter compared to the first quarter of last year. Not even white-hot indexed UL sales could lift the segment.
A National Association of Insurance Commissioners group meeting in Kansas City opted for a more conservative approach from Iowa as a framework for an annuity transaction model law.
The National Association of Insurance Commissioners is set for another day of debate over the annuity transaction standard. A key issue is whether to require full disclosure of an agent’s compensation in its model law.
The National Association of Insurance Commissioners tackled the tough task today of deciding whether to call its annuity transactions model law a “best interest” standard.
Securian has tweaked its SecureCare linked-benefit life and long-term care contract to give the product more flexibility in a growing…
KANSAS CITY — Things started hot at the National Association of Insurance Commissioners’ working group meeting today as members immediately…
A National Association of Insurance Commissioners meeting to iron out a new annuity transaction law turns into a battle over the suitability standard with opponents saying the insurance industry needs a tough best interest rule closer to the fiduciary standard.
Analysts are surprised that American Equity is suddenly a takeover target for private equity buyers. But the company has an appealingly growing business with stable assets.
A National Association of Insurance Commissioners committee called a special meeting in Kansas City to hammer out a model law for annuity transactions. But member states have a wide gulf of disagreement to bridge.
The Securities and Exchange Commission has not defined what a best interest standard means in its more than 100 pages of rule-making. But whatever it is, don’t expect it to be implemented before 2020.
