Athene Holding today announced that Martin Klein, executive vice president and chief financial officer, has informed the company of his…
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Economic conditions, income needs drive big annuity sales, LIMRA says
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported.
Annuity sellers need to work harder to satisfy customers, J.D. Power finds
A new J.D. Power survey finds that 43% of producers fill out annuity applications for their clients. They are the buyers least likely to understand what they bought.
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Athene Holding today announced that Martin Klein, executive vice president and chief financial officer, has informed the company of his…
Corebridge Financial and Miami-Dade County Public Schools are commemorating one of the earliest implementations of a 403 retirement plan in a public school, dating back to 1964. The Variable Annuity Life Insurance Company, a Corebridge Financial company, issued a 403 plan sixty years ago this month to a teacher at Coral Gables Elementary who enrolled at $25…
North American Company for Life and Health Insurance ®, an A+ rated carrier 3 and member company of Sammons ® Financial Group and one of the largest issuers of fixed index annuities in the U.S. 1, is partnering with AMS Financial Services Group, a long serving financial solutions provider. “AMS Financial Solutions Group is thrilled to have collaborated with…
Economic conditions, income needs drive big annuity sales, LIMRA says
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported.
Provides retirement and related financial products and services primarily to businesses, their employees, and other individuals including full service accumulation, banking, trust and custodial services, individual variable annuities, pension risk transfer, investment only, individual fixed annuities, and all of the Institutional Retirement& Trust…
Annuity sellers need to work harder to satisfy customers, J.D. Power finds
A new J.D. Power survey finds that 43% of producers fill out annuity applications for their clients. They are the buyers least likely to understand what they bought.
The capital and financial impacts of IFRS 17, which took effect Jan. 1, 2023, were largely as expected and have been incorporated into L/A insurers’ financial plans. Both of these product lines continue to achieve record sales in Canada and the United States the past year. “Sales growth has been supported by technology-driven, customer-centric business models…
North American Company for Life and Health Insurance ®, a member company of Sammons ® Financial Group and one of the largest issuers of fixed index annuities in the U.S. 1, announces that the Barclays Transitions Indices, available exclusively on their suite of fixed index annuities, has won“ Annuity Index of the Year” by SRP Americas. About North American…
Regulators tweak 2025 life and annuity priorities to reflect new challenges
State insurance regulators advanced 2025 life insurance and annuity priorities Monday with additions to reflect new efforts in reinsurance and annuity illustrations.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today launched Principal Guard, an add-on guaranteed minimum accumulation benefit available for an extra charge in the Elite Access ® Suite of variable annuities. The new GMAB offers clients the ability to invest their money with no downside risk through…
Insurance regulators urged to get serious with receivership database
The Global Receivership Information Database (GRID) system is how regulators track insurers put into receivership.
Peak 65 underscores the need for protected income
The U.S. population reaches Peak 65 this year, meaning that more than 30 million Americans will reach age 65 between now and 2030. The majority of this age group will have no protected income in retirement.
Bill to kill SEC’s RILA registration system puzzles many, faces little hope of passage
Bill to kill the SEC’s new registration system for index-linked annuities perplexed industry groups and consumer advocates.
New RILA makes Corebridge the biggest company with full annuity suite
Corebridge Financial has launched its anticipated registered indexed-linked annuity, through subsidiary American General Life Insurance Co.
Protective Life Corporation, a subsidiary of Dai-ichi Life Holdings, Inc. today announced enhancements to its flagship variable annuity product, Protective Aspirations variable annuity, which is issued by its principal subsidiary Protective Life Insurance Company and debuted in 2022. Protective Aspirations variable annuity is issued by Protective…
Longer lifespans mean redefining retirement
People are living longer and that means the traditional view of retirement must change.
Republic Financial, a Morris Industries company, is excited to announce it has added SLP Financial, a growing provider of insurance solutions with a focus on final expense, mortgage protection, Medicare health solutions, and annuities, among other offerings, to its portfolio. SLP Financial, led by Matt Garvey and Ian Martin, brings nearly a decade of experience in…
FIAs ‘at a sweet spot right now,’ Security Benefit exec says
The Federal Reserve made headlines in September by slashing its benchmark interest rate by a half-point. That direction of lowering interest rates makes it a good time to for clients to lock in rates on investments such as fixed annuities before rates go down even further.
Shares of MetLife, Inc. (NYSE: MET) traded at a new 52-week high today and are currently trading at $84.69. So far today, approximately 739.72k shares have been exchanged, as compared to an average 30-day volume of 3.02M shares. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It […]
CC Capital to Invest USD $250 Million in Westaim at CAD $4.75 Per Share Bringing Total Investable Capital Base to Approximately USD $700 Million. Westaim to Invest in Cloud-Native, Highly Scalable Annuities Provider Ceres Life Insurance Company, and Remaining Interests in Arena Investors. NEW YORK& TORONTO—- CC Capital, a private investment firm focused on…
