Updated: DuPont retiree fixed pension converted to a Prudential annuity

The change had been widely expected after Corteva ended up with DuPont' s retirement obligations after the merger and spinoff of Dow and DuPont. The main goal was the formation of Corteva, which combined the agribusiness operations of Dow and DuPont. Corteva also moved its headquarters from Chestnut Run, just outside Wilmington, ton Indianapolis.

WASHINGTON, Nov. 29– The American Council of Life Insurers issued the following news release on Nov. 28, 2022:. New data from the American Council of Life Insurers shows that life insurance companies paid $100 billion to beneficiaries of life insurance policies and $97.7 billion to annuity holders in 2021, both record highs for a single year.

Corebridge Financial today announced the introduction of the Dimensional US Foundations Index, an index created by Dimensional Fund Advisors for use exclusively in The Power Series of Index Annuities, Corebridge’s family of fixed index annuities.

GREENSBORO, N.C.— As the Powerball jackpot smashes another record and soars to an estimated $1.9 billion, you may be wondering what a win like that would actually look like. According to the North Carolina Education Lottery, a winner that chooses the lump-sum payout for this jackpot would end up getting $929.1 million before taxes. The annuity, on the other hand,…

DPL is collaborating with Corebridge as the annuity provider expands its outreach to the registered investment advisor community.

If you are close to or already in retirement and looking at options to convert your retirement savings to a lifetime income stream, an immediate income annuity might be a solid option. An immediate annuity can provide a guaranteed income stream that can help fill a gap between a pension and activating your Social Security income. It can also serve as an addition…

Corebridge Financial, Inc. today reported financial results for the third quarter ended September 30, 2022. Kevin Hogan, President and Chief Executive Officer of Corebridge, said“ Our initial public offering marked an important milestone in our journey as Corebridge Financial. For the third quarter of 2022, net income was $2.4 billion compared to $1.4…

One very, very lucky Powerball player in California just became an instant billionaire. The winning numbers were 10, 33, 41, 47, 56, with a Powerball of 10.. Powerball officials announced those numbers early Tuesday morning, after a technical issue delayed Monday’ s scheduled drawing, which had been set for 8 p.m. Pacific time.

Monday's Powerball drawing will set a record for the size of its estimated jackpot. Is the Powerball "jackpot" the same as its cash prize? The "cash value" jackpot is all the money that Powerball has on hand from the sale of the game's tickets, which fund its jackpot, the Colorado Lottery explains.

GREENSBORO, N.C.— As the Powerball jackpot smashes another record and soars to an estimated $1.9 billion, you may be wondering what a win like that would actually look like. According to the North Carolina Education Lottery, a winner that chooses the lump sum would get $929.1 million before taxes. The annuity, on the other hand, would pay out the full $1.9 billion over…

—A record Powerball jackpot grew to an even larger $1.9 billion after no one won the lottery drawing on Saturday night. The numbers for the drawing were: white balls 28, 45, 53, 56, 69 and red Powerball 20.. Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Allianz Life announced today that its latest guaranteed income product, Allianz Lifetime Income+ Annuity with the Lifetime Income Benefit, is now available in defined contribution plans nationwide.

Saturday's Powerball jackpot is one of the highest in lottery history. The record $1.586 billion Powerball jackpot was in 2016, shared by winners in California, Florida and Tennessee. The cash value of the $1.5 billion Powerball prize is a not-so-shabby $745.9 million.

If you are like many pre-retirees or retirees, you may be hesitant to purchase annuities because you worry you will enter the market at the wrong time and won't maximize your returns. An increasingly popular technique known as "annuity laddering" may help guard against this situation and make the transition to annuities much easier and less stressful for you.