Updated research from Milliman finds that surrender rates on variable annuities with guaranteed living withdrawal benefits more than doubled from 2022 to the end of 2024.
Interest in lifetime income products within retirement plans is growing, and a new tool helps plan sponsors and advisors to match the right annuity product into the 401(k) plans for their employer clients.
Nationwide is broadening its long-term care (LTC) portfolio with the launch of Nationwide CareMatters Annuity.
AmeriLife Group announced a strategic partnership with Levinson & Associates, an insurance marketing organization (IMO) specializing in life insurance and…
Issued by Gulf Guaranty Life Insurance Company, rated B++ by AM Best, the Anchor MYGA provides consumers with predictable, tax-deferred accumulation and free Required Minimum Distributions for qualified accounts. As consumers increasingly seek safe and predictable alternatives to volatile markets, the Anchor MYGA delivers guaranteed returns backed by…
AM Best will host an insurance market briefing on the state of Canada’ s insurance industry at the Sheraton Centre Toronto Hotel on Thursday, Oct. 30, 2025. To register for AM Best’ s Canada Insurance Market Briefing- Toronto, please go to AM Best’ s Canada Insurance Market Briefing- Toronto. Panelists will include Gord Dowhan, chief financial officer, Wawanesa…
The likelihood of employee turnover must be considered when looking at investment options.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the following subsidiaries of Group 1001 Insurance Holdings, LLC: Delaware Life Insurance Company and Clear Spring Life and Annuity Company. These companies are referred to as the Group 1001 Life& Annuity…
More than a year after first circulating a draft guidance on compliance expectations for its best interest standard for annuity sales, regulators are nearing a final version.
As part of its strategy to expand within the annuity market, Axonic Insurance TM, an annuity and investment solutions provider backed by Axonic Capital, and iPipeline ®, a leading provider of digital solutions for the life insurance and wealth management industries, announced a new alliance that streamlines the annuity order entry process for the…
MetLife, Inc. today announced that its board of directors has declared a fourth quarter 2025 common stock dividend of $0.5675 per share. 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 individual and…
A Massachusetts judge accepted a recommendation Friday to dismiss a consolidated pension risk transfer complaint filed against AT&T Inc. and State Street Global Advisors last year.
Plaintiffs established a case that turning their pensions into Athene annuities pose a risk to their retirement earnings, the judge said Monday.
American Life & Security announces a partnership with Nasdaq Global Indexes to launch the Nasdaq-100 Intraday Elite 15% Index, which is now available on the American Select Fixed Indexed Annuity.
SS&C Technologies Holdings, Inc. today announced that Axcelus Financial, a leading provider of life insurance and annuities, has selected SS&C to modernize its information technology stack and transform its operations. As a result, a portion of the Axcelus team will transfer to SS&C. “We are constantly identifying ways to free up time and resources to drive…
In the past 30 days, Best’ s Review readers have been most interested in the following insurance news coverage:. “Mutual Insurers Dominate Market Share in Farmowners Multiperil, Disability Income, Other Lines” examines AM Best data to find out where mutuals have a dominant share of the market.“ US Life/Annuity Insurers Embrace Alternatives and Mortgages” provides…
A National Association of Insurance Commissioners’ group took another step Thursday toward finalizing a pair of key guidelines.
FGH Parent, L.P.,, a leading global reinsurance company, today announced that Fortitude Life Insurance& Annuity Company has entered the market for funding agreement backed notes, with its inaugural offering to institutional investors scheduled to settle Oct. 6, 2025. The Issuer has priced a private offering of $500 million aggregate principal amount of 4.625%…
A New York judge tossed a pension risk transfer lawsuit filed by former employees of General Electric.
The following information was released by the office of the Governor of Hawaii:. HONOLULU In honor of Life Insurance Awareness Month, the Department of Commerce and Consumer Affairs Insurance Division highlights a free service that helps consumers find their deceased loved one's life insurance policies and annuity contracts online.
