Jul. 26— The U.S. attorney's office said Horvath was licensed by the state as a resident insurance producer, which authorized him to sell various forms of insurance. Beginning no later than July 2015 and continuing until April 2021, the U.S. attorney's office said, Horvath defrauded several clients by advising them that they could achieve better rates of return…
In the first half of 2023, total annuity sales jumped 28% to $182.7 billion. This marks the highest sales ever recorded in the first six months of a year.
Paul Garofoli, regional vice president at the Standard, discusses annuities, estate planning and using “letters from heaven,” which every agent and advisor should incorporate into their practice.
When Constellation Insurance sought to dive into the annuity market, the insurer first had to address the difficult legacy of Ohio National. Enter AuguStar.
A lawsuit over a Lincoln Financial fixed indexed annuity will head to a mediator.
Lincoln Financial and nine plaintiffs – including a former Lincoln agent – suing over fixed indexed annuity performance agreed on a mediator to settle the dispute.
A growing number of Americans are interested in adding an annuity to their employer-sponsored retirement plan like a 401(k), according to a new study from Allianz Life.
The Powerball jackpot reached a record-high $900 million after no one claimed the top prize on Saturday’ s drawing. If a winner is announced on Monday, it would be the third-largest Powerball prize ever. The cash option for this jackpot is $465.1 million, according to Powerball.
The Enhanced Choice Index Plus is a single-premium, deferred index annuity for customers seeking growth, certainty and the opportunity to maximize their legacy.
Industry trade groups do not think the SEC should be trying to regulate fixed products.
The SEC claims that Jeffrey Cutter, who is both an advisor and an insurance agent, made improper annuity sales. In a motion to dismiss, Cutter says he was acting as an agent and the SEC has no authority.
The Mega Millions top prize grew again to an estimated $640 million after there was no winner of the lottery's latest giant jackpot. The numbers drawn late Friday night were: 10, 24, 48, 51, 66 and gold Mega Ball 15.. The estimated $640 million jackpot in the next drawing would only be distributed to a winner who chooses an annuity paid over 29 years.