The enhanced offering adds to the types of annuities available and broadens its carrier network.
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MetLife, Inc. today announced that John McCallion, executive vice president and CFO, and head of MetLife Investment Management, has provided a first quarter 2025 financial update video. MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits and asset…
MetLife, Inc. today announced that its board of directors has approved a new $3 billion authorization for the company to repurchase its common stock. About MetLife MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help…
MetLife, Inc. today announced it has entered into an agreement with Talcott Resolution Life Insurance Company, a life insurance and annuities subsidiary of Talcott Financial Group, to reinsure approximately $10 billion of U.S. retail variable annuity and rider reserves. The planned reinsurance transaction with Talcott is aligned with MetLife’ s…
Hexure, a leading provider of sales and regulatory automation solutions for the life and annuity industry, announced Wichita National Life Insurance Company has successfully launched its new Multi-Year Guaranteed Annuity products, Security 3 and Security 5, on the FireLight platform, streamlining annuity sales processes while ensuring quick access for…
‘Economic anxiety’ in March boosts slipping annuity sales, LIMRA finds
Total first-quarter annuity sales topped $100 billion for the sixth consecutive quarter, LIMRA said today.
Jury delivers split decision in Jeffrey Cutter annuity sales trial
A Massachusetts jury delivered a split verdict Wednesday against an advisor accused of making improper annuity sales.
New Jersey becomes 50th state to adopt annuity best-interest rules
New Jersey became the 50th state Monday to adopt a best-interest annuity sales standard, a victory for advocates of state primacy over insurance.
Although the sandwich generation’s average age of expected retirement is 65, only 24% of respondents have a written retirement plan and 30% indicate they are concerned about having to rely on their children for financial support in retirement.
Augustar generates industry buzz with 24% premium bonus on its FIA
AuguStar Retirement got the annuity industry’s attention this week by announcing a 24% premium bonus on its fixed indexed annuity.
Born and raised in Miami, Florida, Mike attended Miami Edison High School, spent six years in the United States Navy where he made rank as an E5 Cryptologic Technician, received a bachelor's degree from the University of Maryland, then spent 33 years with State Farm Insurance Companies where he excelled in life insurance and annuity sales and qualified for the…
Emerging digital annuity sales process cutting cycle times by 94%, IRI says
Carriers are eagerly signing on to a new paperless transaction process for annuity transfers that is cutting cycle times by 94%.
In times of market volatility, FIAs make the difference
How fixed indexed annuities may help clients confidently stay the course.
Charitable gift annuities gaining in popularity
A CGA is an agreement between a donor and a nonprofit organization that provides the donor with a fixed income stream for life.
Nationwide, along with Annexus and Capital Group are partnering to add new strategies indexing to the American Funds Growth Fund of America Class F-3 mutual fund within the Nationwide Defined Protection Annuity 2.0.
AM Best has commented that the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Talcott Resolution Life Insurance Company, Talcott Life Re, Ltd. and Talcott Resolution Life and Annuity Insurance Company, collectively referred to as Talcott Financial Group, remain unchanged with stable outlooks following an announced…
Globe Life Inc. (NYSE: GL) is the focus of IBN’s latest stock spotlight. The company’s shares have moved -0.74% on the day to $130.75. Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through […]
Sammons ® Financial Group member companies Sammons Institutional Group ®, Inc., Midland National ® Life Insurance Company, and North American for Life and Health Insurance ®, this week will introduce a new paperless transaction process for annuity transfers. Sammons Financial Group is one of three annuity carriers that helped to develop, test, and pilot…
Somerset Reinsurance Ltd., a leading reinsurer for life insurance and annuity companies, today announced the appointment of Danish Iqbal as the company’s new Chief Executive Officer, effective April 30. Mr. Iqbal succeeds Jeff Burt who, as announced yesterday, will become co-CEO of Aquarian Insurance Holdings, the holding company for Somerset Re.
Majesco, a global leader of cloud insurance solutions for insurance business transformation, is excited to announce its participation at the 2025 LIMRA Life Insurance and Annuity Conference, taking place from March 31 st to April 2 nd at the Hilton New Orleans Riverside in New Orleans, LA. With a bold theme of‘ Dare to Innovate,’ Majesco is committed to…
