Illinois regulators announced a $1.9 million settlement with subsidiaries of Genworth Financial over payouts to life insurance and annuity beneficiaries. This is part of a larger settlement with states regarding the Social Security Administration’s Death Master File…
Mobile technologies made further inroads into defined contribution retirement plans this month with Principal Financial Group’s announcement of new capabilities allowing employees to enroll in 401(k) plans using the texting functions…
Daniel J. Towriss, former chief actuary, chief risk officer and secretary of Guggenheim Life and Annuity, has been appointed president of newly formed Delaware Life Holdings, the company has announced…
When it comes to selling life insurance, multiple generations living under the same roof present as many challenges as opportunities…
The announcement that American General was rebranding its 1,400-strong distribution arm to American International Group Financial Network (AIG) and expanding the network’s scope will likely raise eyebrows in the corporate suites of Prudential, MetLife and Northwestern Mutual…
New premium numbers released by the American Association for Long-Term Care Insurance (AALTCI) show that the average annual cost of $164,000 worth of long-term care insurance for a healthy 55-year-old single woman is $1,225…
Nationwide has announced the release of a suite of living benefit riders for its Destination Series 2.0 variable annuity, a move that will offer advisors more flexibility with regard to the company’s Destination-branded variable annuity…
Multigenerational scenarios are playing out more frequently in the U.S. than they used to, according to the Pew Research Center, due to declining employment, underemployment, rising college enrollment and declining marriage rates…
Annuities, proponents maintain, offer a stable income vehicle to supplement their pensions and Social Security — which itself is the largest annuity program in the country. But if that’s the case, why aren’t annuities selling much faster than they are?…
Changes are afoot in the retirement plan market that could impact the nature and future of the group annuity business — and annuity practitioners who work in and around that business…
Advisor searches for income annuity payout information galloped ahead in 2013, rising by more than 15 percent from the previous year…
Municipal advisors have until July 1 to register with the Securities and Exchange Commission (SEC). That extends the registration deadline about seven months from Jan. 13…
Large employers, many of whom have established the concept of wellness as a way to lower medical expenses, are extending the idea to the financial and retirement well-being of employees with the help of tools, information and access to advisors in 2014…
Two major insurance holding companies — American International Group (AIG) and ING U.S. — are pushing the branding envelope with new or revitalized identities…
Voluntary benefits carriers, pushing further into the self-service model, will offer online information to customers by enhancing email, chat functionality and mobile apps as the Internet penetrates deeper into the life and benefits industry…
Financial advisors can anticipate that life and annuity carriers in 2014 will develop simpler products for consumers, and will develop new products targeting underpenetrated market segments like Generation X, according to a new report…
Pruco Life Insurance and Genworth Financial have announced new universal life (UL) insurance products which include no-lapse guarantees and choices among crediting options…
Indexed annuities hit more than one quarterly record in third quarter. The record that’s been getting all the industry attention lately is the sales high of slightly over $10 billion. But commissions paid to indexed annuity agents also hit a record — a record low, that is…
By Cyril Tuohy InsuranceNewsNet A widely followed survey of corporate defined contribution plans with more than $1 billion in assets…
