A set of riders offers guaranteed lifetime income with features designed to turn investors’ savings into a predictable stream of income in retirement.
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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…
Digital-friendly life, annuity providers lead in satisfaction study
Life insurance and annuity providers using digital technology to interact with customers are receiving higher survey satisfaction scores.
‘Annuity King’ pleads guilty to tax charge, confronts co-defendant in court
Phillip Roy Wasserman pleaded guilty to tax charges Monday and will avoid a second trial in his $6.3 million fraud case.
The surge continues – annuity sales up 11% in Q3, 21% for the year
Third-quarter annuity sales increased 11% year-over-year to $89.4 billion, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
Calif. annuity legislation must pass by 2025 to avoid ‘dual regulation’
Legislation that would make California the 41st state to adopt best-interest annuity sales rules stalls amid pushback from consumer groups.
Security Benefit petition for judicial review of index annuity lawsuit denied
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.
Unite Here sends message to Iowa regulators with Brookfield billboard
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.
DPL survey: advisors can grow revenue, improve client plans with annuities
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.
DOL working on pension risk transfer rule review amid hot market
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.
‘Annuity King’ sentencing delayed again as judge sorts out appeals
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.
How annuities optimize retirement income
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…
Deviled eggs and FIA annual reset — who knew?
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.
IRI study: Consumers seek secure income, asset protection
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…
