Annuity News

After buying a top-prize winning ticket, one lucky Connecticut resident will receive $365,000 a year for the rest of their life. The first top-prize-winning Lucky for Life ticket to be sold in 2023 was purchased in Fairfield County at Byram Smoke Shop in Greenwich at 111 Mill St., according to Connecticut Lottery. If the winner chooses the annuity prize option,…

Brad Rhodes: What exactly is a beneficiary? Published 12:00 am Thursday, March 2, 2023. When an individual purchases an annuity, they name one or more beneficiaries who will receive the benefits if something happens to them before the contract ends.

The new enhancements are designed to provide clients with partial protection against market volatility along with the opportunity to capture upside market potential up to a cap.

Total U.S. single premium buy-out sales were $48.3 billion in 2022, up 42% from 2021 results, according to LIMRA’s U.S….

-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…

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#…

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…