A review of procedures used to estimate reserves related to group annuitants led Brighthouse Financial to financial adjustments negatively impacting its fourth-quarter numbers.
The National Association of Insurance Commissioners wants to produce a annuity transactions best interest model law each state could then adopt. But its draft law is drawing fire from both sides who consider it both too weak and too strong.
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.
When it comes to planning for long-term care, advisors and clients have three main options — self-insure, long-term care insurance and life insurance with a long-term care rider. All have positives and negatives.
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 the Fed predicting interest rate increases this year, advisors should consider Internet bank savings accounts as a safe alternative to help clients realize gains.
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.
Should brokers be able to call themselves “financial advisors?” One organization doesn’t think so, and has sent a letter to the Securities and Exchange Commission asking the agency to police the title use.
High net worth individuals are finding that investing in this type of annuity gives them protection against longevity while cutting taxes.
Lower corporate tax rates will free up cash for life insurers to return to shareholders or to reinvest in products, services and employees, executives said during earnings calls this week.
Many factors — among them, economic surprises, strong manufacturing activity, and a weak U.S. dollar — point to continued strong earnings across all sectors through 2018, economic analysts say.
Lincoln Financial plans a May launch for its first buffered variable annuity. Buffered VAs are structured to protect buyers against most market losses – but not the huge losses – in exchange for a higher cap on credited interest.
Three insurers operating in the life and annuity spaces reported strong fourth-quarter earnings this week. The good news offset the bad news from MetLife over unrecorded pension liabilities.
