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LibertyMark Freedom Fixed Indexed Annuities Launch

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Legacy Marketing Group ® today announced the launch of LibertyMark Freedom, the next generation of its top-selling FIA, issued by“ A” rated* Americo Financial Life and Annuity Insurance Company. This proprietary index option, laser focused on high performance power, capitalizes on U.S. markets and offers low volatility. “By partnering a strong focus on high…

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GREENVILLE, N.C.– Mario Delgado, of Winterville, bought a $30 scratch-off ticket and became the first winner of a $5 million prize in a new lottery game, according to an NC Education Lottery news release. Delgado bought his lucky 200 X The Cash ticket from the Speedway on North Memorial Drive in Greenville. He could choose to receive the prize as an annuity of $250,000…
A California insurance agent is accused of stealing from clients.

The investigation also found Alan Douglas Armstrong convinced his clients to withdraw funds from one annuity and then months later purchase a new annuity, hiding that the source of funds was from a terminated annuity.

Legislation signed into law today by Wisconsin Governor Tony Evers greatly enhances protections for consumers seeking lifetime income from annuities. Wisconsin is the 23rd state that as part of a nationwide, bipartisan effort has adopted measures implementing the' best interest of consumer enhancements' in the National Association of Insurance…

AIG Life& Retirement, a leading provider of annuities, today announced the launch of Power Index 5 NY SM, a 5- year index annuity developed exclusively for New York and the latest addition to The Power Series of Index Annuities ®. Power Index 5 NY is issued by The United States Life Insurance Company in the City of New York, a member company of American International…

Eagle Life Insurance Company ®, a provider of fixed and fixed index annuities, has announced several enhancements designed to broaden diversification options and boost growth opportunities on its fixed index annuity portfolio. New indices and rider enhance growth, diversification options. “We specifically added these new indices, along with the…

WASHINGTON, April 12– The American Council of Life Insurers issued the following joint statement with two organizations:. American Council of Life Insurers President and CEO Susan Neely, National Association of Insurance and Financial Advisors' former president and NAIFA MD member Paul Dougherty, and The League of Life and Health Insurers of Maryland…
Annuity sales recovered ground lost to the pandemic and then some in 2021.

Sales of fixed and variable annuities were $233.1 billion in 2021, an increase of 12.3 percent over 2020 sales of $207.5 billion and the highest annual annuity sales since 2008.

Recognizing an increased need for greater flexibility and adaptable options for clients, The Standard announces an expansion of its annuity offerings with the new Enhanced Choice Index. “This product series allows The Standard to offer volatility-controlled indexes and an enhanced participation rate feature for the first time,” said Rich Lane, vice…

AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of Prudential Retirement Insurance and Annuity Company, headquartered in Newark, NJ. The outlook assigned to the Credit Ratings is stable. The rating actions reflect full rating…

NEWARK, N.J.& JERSEY CITY, N.J.—- Prudential Financial, Inc. and Fortitude Group Holdings, LLC, the parent company of Bermuda’ s largest multi-line reinsurer, today announced the completed sale to Fortitude Re of a portion of Prudential’ s legacy traditional variable annuity block. Consistent with the agreement announced on Sept. 15, 2021, Fortitude Re has acquired…

FGH Parent, L.P.,, today announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary Fortitude Reinsurance Company Ltd., Bermuda’ s largest multiline reinsurer, and Taiyo Life Insurance Company, a wholly owned subsidiary of T&D Holdings, Inc. Sidley Austin LLP and Mori Hamada& Matsumoto served as legal counsel to Fortitude Re.

American International Group, Inc. today announced that it plans to rebrand SAFG Retirement Services, Inc., the parent company of its Life& Retirement business, as Corebridge Financial, Inc. when it becomes a public company. Any separation transaction will be subject to the satisfaction of various conditions and approvals, including receipt of insurance…

AIG Life& Retirement today announced that it has received the Customer Experience Excellence Award from DALBAR, a leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. AIG Life& Retirement is the only company to have won the Customer Experience Excellence Award in annuities,…

AmeriLife Group, LLC, a national leader in developing, marketing, and distributing life and health insurance, annuities and retirement planning solutions, announced today that it has partnered with Bachmeier, Gudis and Associates, a highly rated, national insurance marketing organization that distributes a deep, competitive portfolio of Medicare, life and…
Americans are socking money away in annuities again and sales are back to 2008 levels.

Investors wary of increased market volatility and growing inflation drove total U.S. annuity sales to the highest levels since 2008, and the third highest recorded in history, according to results from the Secure Retirement Institute.

TIAA to credit over $7 B in 2022 for flagship offering: "Helping Americans have a dignified retirement is in our DNA." Through this latest increase, TIAA will share $2.3 billion of interest on top of the $5 billion of interest it has already guaranteed, bringing the total amount credited to Traditional investors to well over $7 billion this year.

FALLS CHURCH, Virginia, March 9– The National Association of Insurance and Financial Advisors issued the following joint statement with American Council of Life Insurers:. American Council of Life Insurers President and CEO Susan Neely and NAIFA-SD President Jennifer Soma issued the following joint statement on the best interest annuity law recently…
Annuity sales could get stronger with growth potential among young, affluent investors.

The annuities market is poised for unique and exceptional growth in the coming months, buoyed by interest from an unexpected group— young, affluent investors looking to secure stable retirement income, a new study finds.

On Feb. 23, the United States filed a complaint seeking an order prohibiting John Hugo Eickhoff Jr., Rhonda Kaye Eickhoff, Hoffmann Associates LLC, Aric Elliot Schreiner, Columbia CPA Group LLC, John Williams Gray II and Damon Thomas Eisma from organizing, promoting or selling an allegedly unlawful tax scheme involving the use of charitable remainder annuity…

_ American Equity Investment Life Holding Co. on Thursday reported fourth-quarter net income of $93.1 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share. Four analysts surveyed by Zacks expected $506 million.
The NAIC executive committee recently approved a new process for long-term care rate review.

An NAIC regulator group is refining a draft regulation to better regulate the popular and unique indexed-linked annuities.

However, it didn’ t seem feasible until this week, when Shue walked into North Carolina Education Lottery headquarters in Raleigh and claimed a $1 million prize. “He could choose to receive the prize as an annuity of $50,000 over 20 years or a lump sum of $600,000,” lottery officials said in a news release. Shue, who lives in Montgomery County, walked out with a check for…

Lincoln Financial Group today reported net income for the fourth quarter of 2021 of $220 million, or $1.20 per diluted share available to common stockholders, compared to net income in the fourth quarter of 2020 of $143 million, or $0.74 per diluted share available to common stockholders. “In the midst of a challenging claims environment for the industry, we…

TORONTO, Feb. 1, 2022/ PRNewswire/- Manulife announced today that its subsidiary, John Hancock Life Insurance Company, has successfully closed the previously announced transaction to reinsure a substantial portion of its legacy U.S. Variable Annuity block, consisting primarily of policies with Guaranteed Minimum Withdrawal Benefits riders, with Corporate…

Principal Financial Group ® today announced it has entered into an agreement with an affiliate of Sixth Street and its insurance platform, Talcott Resolution, to reinsure the company’ s in-force U.S. retail fixed annuity and universal life insurance with secondary guarantee blocks of business. At its Investor Day in June 2021, Principal announced it would…
2021 U.S. single premium buy-out sales were the highest since 2012.

Total 2021 annuity sales were $254.8 billion, the highest annual annuity sales since 2008, according to preliminary results from the Secure Retirement Institute U.S. Individual Annuity Sales Survey.

The $25 million prize is the second-highest Colorado Lotto+ jackpot; a $27 million jackpot was won in 1992 by a single player. The jackpot winning tickets were sold at a Safeway fuel center, 626 Colorado 105 in Monument, and through the Winners Circle in Pueblo, a Jackpocket mobile app. If one or both winners take the lump-sum option, rather than a 25- year annuity, the…

A North Carolina man’ s $20 scratch-off lottery ticket led him to a hefty $2 million win. Luigi Dimeo, from High Point, said that when he saw the first digit on the ticket, he assumed he had won $20, according to a news release from the North Carolina Education Lottery. He could take a $1.2 million lump sum, or he could take it as an annuity of $100,000 per year for the next 20…

A while back I did a multi-part series on annuities. The complexity of annuities necessitated multiple articles just to cover a good portion of what you need to know. In the articles, I left out some of the more complex mistakes people make regarding them.

Helping Consumers Understand Annuity Products. Consumers will find out the value annuities have to create lifetime, protected income.. "–Harry N. Stout VERO BEACH, FLORIDA, UNITED STATES, January 11, 2022/ EINPresswire.com/– Harry N. Stout, author and podcast host at the FinancialVerse says that 2022 will be the year that consumers proactively reach out for…

Allianz completes reinsurance transaction for $35- bn U.S. fixed index annuity portfolio. Agreement with Resolution Life and affiliates of Sixth Street was announced on December 3 Transaction unlocks $4.1 bn in value and frees up regulatory capital for Allianz Munich, January 07, 2022. The transaction, announced on December 3, unlocks $4.1 billion in value…

–Midwest Holding Inc., a technology-driven, life and annuity platform, today announced that its subsidiary American Life& Security Corp has launched the industry's first ever Fixed Annuities based on the S&P 500 ESG Index. said Midwest Holding Chief Executive Officer Georgette C. Nicholas. About Midwest Holding Inc. Midwest Holding Inc. is a technology…

Investors Heritage Life Insurance Company announced today that it would now be offering its first fixed indexed annuity in California and Delaware. “We built our HIA to help people manage the volatility and uncertainty in retirement planning today,” said John Frye, President of Investors Heritage.“ Our initial launch was targeted to ensure a high-quality…

Monument Re announced today that its Irish subsidiary Monument Life Insurance DAC has completed the acquisition of a closed-block portfolio of variable annuities from Athora Ireland plc, a wholly-owned subsidiary of Athora Holding Ltd. The portfolio has been in run-off since 2017. Monument Re Limited is a life Reinsurance and Insurance Holding Company…

Legislation signed recently by Pennsylvania Governor Tom Wolf enhances protections for consumers seeking lifetime income from annuities. Pennsylvania is the 19th state to adopt a measure that implements the "best interest of consumer enhancements" in the National Association of Insurance Commissioners Suitability in Annuity Transactions Model…

A former Tucson insurance agent is headed to federal prison for more than four years for stealing a total of more than $1 million from her elderly clients. Koreasa "Kory" Williams was sentence to 51 months behind bars and three years of supervised as part of a plea deal in U.S. District Court in Tucson, the Justice Department announced in a news release.

CONCORD, N.H.– Barrington resident Richard Baker has claimed the $1.825 million Tri-State Megabucks jackpot prize that he won on December 8, 2021. Baker purchased the winning ticket at Circle K in Northwood and opted to take the one-time cash payout of $1.32 million instead of taking graduated annuity payments over 30 years. Tri-State Megabucks has been a…