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The premise of opportunity cost especially exists when we are talking about long-term care insurance, where the traditional LTCi policies were once the only game in town. 

Expansion of Venerable’ s strategy to include variable annuity flow reinsurance was announced in June of this year as part of the landmark agreement with Corebridge Financial, Inc. which also included reinsurance of $51 bn of variable annuity business from American General Life Insurance Company and The US Life Insurance Company of New York.

MetLife, Inc. today announced it has completed its previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, a life insurance and annuities subsidiary of Talcott Financial Group. The transaction reduces portfolio risk, accelerates the run-off of MetLife’ s legacy blocks of business and…

High inflation, market volatility, potential Social Security cuts and lengthening lifespans have investors grappling with unprecedented anxiety about financial security in retirement – but those who own an annuity are feeling significantly more optimistic than their peers.

Aspida Financial Services, a life insurance and annuity group, will begin a phased expansion of their global headquarters, adding 1,000 new jobs in Durham County over the next several years. "Aspida's decision to scale its headquarters in Durham reflects the strength of our state's talent pipeline and the collaborative spirit of our economic development…

A growing Durham financial services company has committed to create 1,000 jobs in the Triangle by next decade. Through a new state job development investment grant, the life insurance and annuities provider Aspida committed to hire these workers in Durham between 2028 and 2032, the N.C. The company has around 200 local employees at its main office in south…

A growing Durham financial services company has committed to create 1,000 jobs in the Triangle by next decade. Through a new state job development investment grant, the life insurance and annuities provider Aspida committed to hire these workers in Durham between 2028 and 2032, the N.C. The company has around 200 local employees at its main office in south…

A growing Durham financial services company has committed to create 1,000 jobs in the Triangle by next decade. Through a new state job development investment grant, the life insurance and annuities provider Aspida committed to hire these workers in Durham between 2028 and 2032, the N.C. The company has around 200 local employees at its main office in south…
AI robot removes a barrier in front of a speeding train labeled "Annuities".
Annuities, at times, has had a reputation as a complex, difficult product for advisors to sell. Can AI break remove that barrier? (AI-generated image)

Annuities, at times, has had a reputation as a complex, difficult product for advisors to sell. Can AI break that barrier down?

SPRINGFIELD, Mass.& CHARLOTTE, N.C.—- MassMutual and its global asset management subsidiary Barings announced today that MassMutual has entered into an agreement in which MS&AD Insurance Group Holdings, Inc. will acquire an 18% equity stake in Barings through its subsidiary Mitsui Sumitomo Insurance Co., Ltd., a leading Japanese insurance company.

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the key life/health insurance and annuity operating subsidiaries of Wilton Re Ltd., collectively referred to as Wilton Re. The rating affirmations reflect a continuation of Wilton Re’ s very strong level of risk-adjusted capitalization on a consolidated…