There is concern in the life insurance industry that a forthcoming Department of Labor report could target group annuity contracts by pension plans in pension risk transfer transactions.
Guardian Life Insurance Co. is taking its shot at one of the hottest annuity segments in the market with its first registered indexed-linked annuity offering.
TAMPA, Fla.— Sunday morning, Powerball announced that the estimated $1.33 billion jackpot had been won by a lucky ticketholder in Oregon. The cash value option "is the amount of money required to be in the jackpot prize pool, on the day of the drawing, to fund the estimated jackpot annuity prize," according to the Powerball website. Unlike the state of Florida, Oregon…
There is concern in the life insurance industry that a forthcoming Department of Labor report could target group annuity contracts by pension plans in pension risk transfer transactions.
Guardian Life Insurance Co. is taking its shot at one of the hottest annuity segments in the market with its first registered indexed-linked annuity offering.
—Lottery players nationwide have the chance at nearly $2 billion as the Mega Millions and Powerball jackpots continue to roll. Meanwhile, without a winner in Monday's drawing, the Powerball jackpot has reached an estimated $865 million. That makes it the fifth-largest in Powerball history behind a $1.08 billion jackpot won in California last year.
Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, today announced it has reached an agreement with Japan Post Insurance Company for an RGA affiliate to reinsure an approximately 700 billion JPY in-force block of individual life annuities through coinsurance. “This transaction marks a significant milestone in the…
State insurance regulators plan to issue guidance on its best-interest annuity sales model after reviews turned up “deficiencies” in producer monitoring.
DPL Financial Partners and Orion Advisor Solutions today announced an expanded partnership to build upon the firms’ existing integration and provide fee-based financial advisors on the Orion Advisor Technology platform with direct access to DPL’ s commission-free annuity marketplace, Product Discovery Tools, and team of licensed insurance…
—CHICAGO— CNA Financial Corp. on Monday reported fourth-quarter net income of $367 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. This story was generated by Automated Insights using data from Zacks Investment Research.
For the second consecutive year, rising interest rates pushed annuity sales to another all-time record high, according to preliminary results from LIMRA.