-After months of anticipation, a winner finally came forward to claim the record-breaking $2.04 billion Powerball jackpot won on a single ticket sold in California. For example, the record-setting Powerball jackpot was advertised as being $2.04 billion while its cash value was $997.6 million. So, during the last major Powerball jackpot run, officials…
More Stories
Although I have previously warned against many annuities, with good reason, this column will focus on one type of annuity that might serve a very good short-term purpose in your financial plan. That product is a fixed-rate multi-year guaranteed annuity- or MYGA. However, the guarantee comes from a highly rated insurance company, not the FDIC.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today announced plans to add a selection of its annuity solutions to SIMON from iCapital’ s 2 insurtech platform. Jackson’ s suite of registered index-linked annuity products— Jackson Market Link Pro SM and Jackson Market Link Pro Advisory SM— are now…
If current market conditions hold, fixed annuities, fixed indexed annuities, and registered index-linked annuities are predicted to compete more fiercely with one another during the next five years, according to Cerulli.
**Related Video Above: $1 million Powerball ticket sold in Lakewood in November. *-After more than three months, a winner has finally claimed the record $2.04 billion Powerball jackpot, won by a single ticket sold in California. "We will show# CaliforniaEducation a whole lot of LOVE on# ValentinesDay when we unveil the sole winner of the record-breaking $2.04 billion#…
Brighthouse sees record annuity year, while life insurance lags
Although Brighthouse Financial is focused on registered index-linked annuities, the company had a boost in fixed deferred annuities in the fourth quarter because of high interest rates.
Apollo touts new products, distribution with No. 1 Athene this year
Apollo rides to a good year with Athene’s strong fixed index annuity sales and vows to take on all comers in the space.
The winning $754.6 million Powerball jackpot ticket from Monday night's drawing was sold in Washington, lottery officials said. "They will have to decide whether to take the advertised amount as an annuity, or accept the lump sum alternative," the Powerball lottery said in a statement. This was only the second time someone has won the Powerball jackpot in…
TAMPA, Fla.— The Powerball jackpot rose once more to $747 million Saturday night after the Feb. 4 drawing still had no jackpot winner. However, while there was no jackpot winner, the Powerball website said four people in New Jersey, Florida, Pennsylvania, and Oregon won $1 million prizes from the drawing. The last Powerball jackpot was won on Nov. 19, 2022, by a…
Study: Does pessimism really suppress annuity sales?
A recent study from the Boston College Center for Retirement Research suggests that pessimism has less of an effect on annuity sales than might be expected.
Sweet streams of income: ChatGPT, the bard of annuities
Annuities are lovely things for retirement income, but there isn’t nearly enough poetry about them.
DES MOINES, Iowa, Jan. 31, 2023/ PRNewswire/– F&G Annuities& Life, Inc., a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today announced that a subsidiary of F&G has acquired a 49% equity ownership stake in SYNCIS, a top independent marketing organization and longtime F&G partner.
Investors scrambling to lock in rates propel annuity sales to record highs
Annuity sales set a quarterly record for the third consecutive quarter, LIMRA reported today. Investors are flocking to the safety promised by fixed annuities.
–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 has once again joined forces with Annexus, a premier independent designer of FIAs. In addition to an automatic and industry-first Performance Strategy Ladder created to provide enhanced…
Producers stew as insurers slow to process life and annuity applications
Frustration is mounting among producers who say insurers are slow to process their life insurance and annuity applications.
A substitute teacher received a call that was“ too good to be true” when she learned she’ d won a massive prize in a second-chance drawing, according to the North Carolina Education Lottery. When she picked up the phone on Jan. 11, she learned she’ d won $1 million, the grand prize, the release says. She could receive her prize as an annuity of $50,000 over 20 years or as a lump…
Brad Rhodes: An annuity product many have never heard of. Unfortunately, they are forced to do so because of IRS Requirement Minimum Distributions rules. The "qualified" part of the QLAC refers to the fact that this kind of annuity is purchased with "qualified" funds as defined by the IRS.
Someone in North Carolina scored a $1 million prize in Friday’ s Mega Millions drawing, and two other players in the state won smaller but sizable amounts, lottery officials said Saturday. The million-dollar winner bought the $2 ticket at Kwick Mart on Albemarle Road in Charlotte, according to a lottery news release. One ticket was sold at Food Lion on Capital…
CLIVE— The Mega Millions jackpot is now the second largest in game history, reaching an estimated $1.35 billion annuity, $707.9 million cash option, for Friday's drawing. Iowa Lottery players won a total of 42,591 prizes in Tuesday's Mega Millions drawing, including a ticket that was just one number away from having at least a share of that night's big jackpot.
The Mega Millions jackpot has soared to an estimated $1.1 billion— now the third-largest jackpot in the game's history— ahead of Tuesday night's drawing. The only Mega Millions jackpots larger than Tuesday's estimated $1.1 billion are the game's record of $1.537 billion, won in South Carolina in October 2018, and $1.337 billion won in Illinois on July 29,…
