Lincoln Financial is in settlement talks with nine plaintiffs — including an ex-Lincoln agent — who allege that the insurer misrepresented the potential returns of its fixed indexed annuity.
The record-smashing tier of annuity sales will not be going away anytime soon, LIMRA analysts predict.
Venerable Holdings, Inc. (Venerable), today announced an agreement for its wholly-owned subsidiary Venerable Insurance and Annuity Company (VIAC), to recapture…
Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced it has signed a $19.2 billion reinsurance agreement with MetLife, Inc.. Global Atlantic general account assets under management supporting the transaction will be approximately $13 billion at…
Prudential Financial, Inc. announced today an agreement to reinsure a portion of its traditional variable annuity block with an affiliate of Constellation Insurance Holdings, Inc., for proceeds at closing resulting in approximately $650 million. 1. Under the terms of the agreement, Constellation’ s affiliate will reinsure approximately $10 billion of…
Annuity buyers wanted access to their funds and ways to withdraw more than they cited interest rates or low fees, according to a buyer study conducted by LIMRA.
Several insurers recorded big sales in a first quarter that saw total fixed annuity sales increase 101% to $70.9 billion compared with prior-year results.
–National Western Life Insurance Company announced the launch of NWL ® Capital Solutions, a 10- year FIA that includes an optional Guaranteed Minimum Death Benefit Rider, exclusive access to the J.P. "NWL ® Capital Solutions 10- year FIA provides advisors with a compelling FIA accumulation design with unique index options including the Dow Jones…
Allianz Life introduced significant enhancements to its Allianz Index Advantage suite of Registered Index Linked Annuities.
Following record-high sales in 2022, total first quarter annuity sales were $92.9 billion, a 47% increase from the prior year.
The trial of the self-styled “Annuity King” will continue into a fifth week after a Florida judge denied defendant Phillip Roy Wasserman’s motion for a mistrial.
Variable annuity sales – coming off their worst year since 1995 – are hurting from several disruptions, but should bounce back a little bit, LIMRA forecasts.
Your clients have two questions they need you to answer in the wake of the recent bank failure news.
According to a 2022 Nationwide Retirement Institute survey, seven in 10 plan sponsors are interested in guaranteed lifetime income investment options and nearly half (48%) of participants report they are interested in contributing to one as part of a managed account.
This is a great time for financial professionals to shine, offering advice that helps clients build confidence with the right protection solutions.
Security Benefit announced the expansion of the index crediting strategies for its Foundations Annuity
Powered by a contingent deferred annuity, RetireOne’s turnkey Portfolio Income Insurance Program adds a new dimension to Pension & Wealth Management Advisors’ risk management approach.
A group of Texas residents are claiming that Lincoln Financial sold them a fixed indexed annuity with illustrated promises of big gains that never materialized.
Annuities are a great way to ensure your financial security in the long term. They provide regular payments that can help you pay bills and cover other expenses while also helping protect against inflation and market downturns. Annuities are popular with many retirees, as they offer a steady income stream that can last throughout retirement.
New York Life announced the launch of Clear Income Advantage, a fixed deferred annuity with a guaranteed lifetime withdrawal benefit rider that offers a combination of income, security, liquidity and flexibility in one retirement income solution.
