A federal appeals court last week denied Security Benefit’s request for a full court review of a lawsuit claiming the insurer misrepresented how much investors stood to gain on certain fixed annuities.
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.
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.
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.
A Florida judge rejected two appeals Monday and postponed sentencing again for Phillip Roy Wasserman, convicted of orchestrating a massive fraud scheme on senior citizens.
Research shows how adding guaranteed income to a retirement plan can help retirees generate adequate income from their assets.
–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 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.
Employees ages 45+ with student loan debt have or are considering taking several steps to manage upcoming repayments — with some being more detrimental to their long-term financial strategy than others.
Concern about inflation and retirement income is leading consumers to prioritize asset protection over growth, according to new research.
With longer life expectancies, lower expected returns from stocks, and higher interest rates, we view annuities as an increasingly valuable component of a holistic wealth strategy. When approaching retirement, many families struggle with the transition from living off a stream of income to living off a limited pool of retirement savings.
WASHINGTON, Aug. 29– Bryan W. Keene and Mark E. Griffin, Counsels, Committee of Annuity Insurers, have issued a public comment to the U.S. Department of the Treasury. Section 305 of SECURE 2.0 generally provides that any "eligible inadvertent failure" to comply with the applicable rules under Code section 401, 403, 403, 408, or 408 may be self-corrected under EPCRS without…
Strong sales of fixed-indexed and income annuities helped overall annuity sales hit $181.1 billion in the first half of 2023, far surpassing the old record.
Indexed annuity sales soared during the second quarter, according to the Wink Sales & Market Report, setting an all-time quarterly record.
A recent Gallup survey of Americans who own annuity contracts provides new evidence that individual annuities are used primarily by the middle class to accumulate savings and provide income for their retirement.
The Oklahoma Insurance Department announced today that Oklahoma has adopted regulations enacting a “best interest” standard on annuity sales and recommendations.
Total U.S. pension risk transfer (PRT) sales were $16.2 billion in the second quarter, a 31% increase from the prior…
Rolling your individual retirement account or 401 into an annuity may sound complicated, but fear not— it may be straightforward and tax-free if done correctly. There are a couple of ways to do this: through a direct transfer or a qualifying withdrawal. And don't worry; you'll get back any funds the IRS holds when tax season rolls around.
A new study finds that in 2019 and 2020, owners of a fixed indexed annuity with a guaranteed lifetime withdrawal benefit were less likely to surrender their contracts than those without a GLWB.
