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Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced it has closed a previously announced reinsurance agreement with MetLife, Inc.. Under the terms of the agreement, MetLife transferred general account assets for the block to Global Atlantic…

BROOKFIELD, NEWS, Nov. 09, 2023– Brookfield Reinsurance today announced financial results for the quarter ended September 30, 2023.. Following the spin-off of Brookfield’ s Asset Management business in December 2022, combined, Brookfield Corporation’ s quarterly distribution of $0.07 per share and Brookfield Asset Management’ s quarterly dividend of $0.32…

If you like the idea of guaranteed income in retirement and are charitably inclined, you maywant to give charitable gift annuities a look. ½ or older have the option of making a one-time donation of up to $50,000 from their traditional IRAs to a charitable gift annuity. That aspect of charitable gift annuitiesmakes them more palatable to retirees than…
Image shows a billboard calling out Brookfield.
A billboard in Des Moines, Iowa calls attention to Brookfield's interest in insurance companies.

A union opposed to a Brookfield Asset Management Reinsurance deal to acquire an Iowa insurer is trying an old-fashioned method to get regulators’ attention: billboard advertising.
Image shows a man hugging a sign with "annuities" printed on it.
Annuity use is growing as advisors learn more about the products.

There are plenty of good annuity products that make sense inside responsible, holistic financial plans, said David Blanchett, adjunct professor of wealth management at The American College of Financial Services.
The image shows the words "Pension Risk Transfers Hot" amid flames.
Pension risk transfer deals has the attention of regulators.

While pension risk transfer (PRT) deals continue to break records, federal regulators are nearing a deadline for review and recommendations of the important Interpretative Bulletin 95-1.

According to the J.D. Power 2023 U.S. Individual Life Insurance Study and the J.D. Power 2023 U.S. Individual Annuity Study, both released today, customer satisfaction is climbing as more customers make use of digital tools and start using life insurance and annuities for financial planning in addition to final planning.

–Farmers Life Insurance Company, a Tennessee domiciled life insurance company, has officially launched its first fixed index annuity product called the Harvest. "This is yet another exciting milestone for Farmers Life, as we continue to develop and deliver highly competitive products that meet critical and pervasive planning needs for a growing number of…
annual reset

Annual reset is a key feature of a fixed index annuity. To be able to lock in gains each year on a product layered with guarantees is a story that interests plenty of clients.