DPL Financial Partners secures additional growth capital as annuity sales on platform top $1 billion

BUNCOMBE COUNTY, N.C.– Elizabeth Rathburn, of Candler, North Carolina, bought a $30 scratch-off and won a $3 million prize, according to an NC Education Lottery news release. Rathburn bought her winning Fabulous Fortune ticket from Boone's Convenience Corner on Smoky Park Highway in Candler. She could choose to receive the prize as an annuity of $150,000 over 20…

WASHINGTON, September 28, 2022 – As the drumbeat of a potential recession grows louder and Americans continue to face the…

In-plan lifetime income solutions can put employees on the path to retirement confidence and play a valuable role building retirement security and peace of mind.

ASHEVILLE, N.C.– Less than a week after relocating to North Carolina, Jeremy Hartzell, of Asheville, bought a $10 scratch-off and won a $1 million lottery prize, according to an NC Education Lottery news release. Hartzell, 25, bought his lucky Big Cash Payout ticket from Quick Mart on U.S. 25/ 70 in Marshall. He could choose to receive the prize as an annuity of $50,000…

RALEIGH, N.C.– For the second time this year, Powerball and Mega Millions are in a race to see which game can offer the biggest jackpot with almost half a billion dollars up for grabs in weekend drawings. The second will occur Saturday night when the Powerball drawing features a jackpot standing as a $225 million annuity or $122.7 million in cash.

MONROE, N.C.– Ronald Pierce, of Charlotte, bought a $30 scratch-off and won a $1 million prize, according to an NC Education Lottery news release. Pierce bought his winning Millionaire Maker ticket from the Food Lion on East Roosevelt Boulevard in Monroe. He could choose to receive the prize as an annuity of $50,000 over 20 years or a lump sum of $600,000.

NEW YORK and CLEARWATER, Fla. – September 13, 2022 – A-CAP and AmeriLife today announced the addition of the Credit…

Net income for U.S. life/annuity insurance industry increased by 62% in the first half of 2021, rising to $20.9 billion from $12.9 billion in the same prior-year period, according to a new AM Best report. Total income in the L/A industry rose 3.2% to $478.8 billion from the prior-year period, driven by a 5.3% increase in net investment income and 161.9% rise in…

Brad Rhodes: Who gets money from your annuity if you die? Published 12:00 am Sunday, September 11, 2022. If you buy an annuity and die, the insurance company keeps your money.

The survey, fielded by Qualtrics, found fears about a potential recession and uncertainty over the financial strength of Social Security are respondents' top two financial concerns right now, with almost three-fourths saying they are worried about the impact of each on their retirement. "Retirees with enough guaranteed income to pay their fixed expenses can…

GASTONIA, N.C.– Joice Hardin Jr. of Gastonia bought a $20 scratch-off and won a $2 million prize, according to an NC Education Lottery news release. Hardin bought his winning Grand Money ticket from Times Turnaround on South New Hope Road in Gastonia. He could choose to receive the prize as an annuity of $100,000 over 20 years or a lump sum of $1.2 million.

Sales were powered by an 80% increase in multi-year guaranteed annuities, while variable product sales were down again.

RADNOR, Pa. (BUSINESS WIRE) – Lincoln Financial Group  today announced the launch of Stadion’s StoryLine Dynamic, a Qualified Default Investment…

WASHINGTON— It's been nearly four weeks since the Mega Millions $1.337 billion prize found its match in a single Illinois ticket, but no one has come forward to claim the life-changing jackpot. In Illinois, the lottery allows up to a year for the new billionaire to come forward, but places a 60- day deadline to choose the lump sum or annuity payments.

Many benefits annuities provide are included at no additional cost or expense. Almost all new annuity contracts provide an immediate benefit. Is it freedom from market risk?