Despite saving for their golden years, many retirees – even affluent ones – tend to underspend. This is termed the “decumulation paradox.”
—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.
A Tampa, Fla. judge sentenced Phillip Roy Wasserman to a lengthy prison term Wednesday for overseeing a fraud that cost retirees millions.
Study asks: If buying annuities is a good option for many retirees, why aren’t more people purchasing them?
American Pathway Advisory is a fixed annuity that brings enhanced flexibility to the MYGA space through innovative renewal options.
For the second consecutive year, rising interest rates pushed annuity sales to another all-time record high, according to preliminary results from LIMRA.
A former Bristol insurance agent will find out his sentence next month for defrauding a Connecticut woman out of more than $800,000, using her as“ a bank” to compensate others in a kind of Ponzi scheme, according to her brother. John Michael Horvath, formerly of The Insurance Education Center Agency, pleaded guilty in July to defrauding at least eight victims out of…
Flourish Annuities provides a new way for RIAs to consider fee-based annuities as an option for client portfolios.
–North American Company for Life and Health Insurance ®, a member company of Sammons ® Financial Group and one of the largest issuers of fixed index annuities in the U.S., ¹ and Annexus, a leading independent insurance retirement product design company, announce two major enhancements to the Secure Horizon SM Plus FIA. Those risks include health-related…
Sentencing for Phillip Roy Wasserman, the self-styled “Annuity King,” was continued Friday after nearly eight hours.
Technology won’t replace the personal touch; it will improve and augment it.
Phillip Roy Wasserman is scheduled to be sentenced Friday in his $6.3 million fraud case and Judge Charlene Edwards Honeywell appears determined to avoid any further delays.
JOHNS CREEK, Ga., Jan. 04, 2024– Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that its Annuity Exchange AN4 has reported record volumes in the last quarter of 2023, besides reporting a record performance for the full year of 2023..
Sales of annuity products hit record highs throughout 2023 and ended the year riding a wave strong enough to raise expectations for 2024 and beyond.
Equitable announced enhancements to its Investment Edge investment-only variable annuity that add new options designed to increase growth potential and provide additional flexibility to customize investment options.
A coalition of major trade groups is calling for the NASAA to withdraw proposed changes to its business rules, calling them “unnecessary.”
A closer look at the 494-page fiduciary rule reveals the potential for severe penalties for any failure to adhere to the fiduciary standards, say lawyers from Groom Law Group.
For the second consecutive quarter, registered indexed-linked annuity products set a new record with $12.6 billion in sales.
Total third quarter sales for all deferred annuities were $78.6. billion, Wink, Inc. reported, up 8.5% when compared to the same period last year.
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…
