Security Benefit Life Insurance Company today introduced the TopRidge Bonus Annuity that delivers a combination of a 20% premium bonus, a broad set of index crediting strategies, and a cumulative withdrawal option. “We are excited to offer the new TopRidge Bonus Annuity which is packed with features to help financial professionals jumpstart the…
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Regulators issue draft guidance to test compliance with annuity rules
A state regulator group is circulating draft guidance on compliance expectations for its best interest standard for annuity sales.
Zinnia, a leading life& annuity insurance technology services company, and LPL Financial announced today a strategic relationship providing LPL’ s network of more than 23,000 financial advisors a simplified way to find, recommend, fulfill, and service life insurance for their clients. *As reported by Financial Planning magazine, 1996-2023, based on total…
The National Association of Insurance and Financial Advisors issued the following joint statement on Sept. 20, 2024:. American Council of Life Insurers President and CEO Susan Neely and National Association of Insurance and Financial Advisors– Louisiana Chapter President Blake Gillies issued the following joint statement on the best interest annuity…
‘The court is troubled’: Judge tells Security Benefit, plaintiffs to work faster
It’s been nearly five years since plaintiffs sued Security Benefit Life Insurance Co. over the performance of a proprietary index and companion fixed indexed annuity.
AM Best will lead a session focused on strong trends in the annuity market at the American Council of Life Insurers Annual Conference, which takes place, Sept. 25-27, 2024, in Chicago. Ken Frino, managing director, and Michael Porcelli, senior director, both of AM Best, will deliver the presentation, titled,“ Annuity Market Soars- New Entrants Bring Capacity and…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the key life/health insurance and annuity operating subsidiaries of Wilton Re Ltd., collectively referred to as Wilton Re. AM Best also has affirmed the Long-Term ICRs of“ a-” of WRL. CPP Investments is a financially strong organization that manages…
Net income for the U.S. life/annuity insurance industry increased by 7.1% in the first half of 2024 over the same prior-year period to $14.1 billion, driven largely by lower realized capital losses, according to a new AM Best report. The L/A industry’ s total income increased by 7.7% from the first half of 2023 to $578.3 billion, as premiums and annuity…
Women and money: Learning the right language
Working with women is one of the biggest opportunities financial professionals have today. But they must understand how women view money and know the right language to be a trusted advisor to them.
American Life targets accumulation seekers with new FIA
American Life & Security Corp. is feeding that market need for more new products and innovation with the new MaxGrowth FIA.
Shares of MetLife, Inc. (NYSE: MET) traded at a new 52-week high today and are currently trading at $79.97. So far today, approximately 242.69k shares have been exchanged, as compared to an average 30-day volume of 2.67M shares. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It […]
Annuity Insurance Global Market Report 2024&# x2013; Market Size, Trends, And Global Forecast 2024-2033. LONDON, GREATER LONDON, UNITED KINGDOM, September 17, 2024/ EINPresswire.com/– The annuity insurance market has experienced robust growth in recent years, expanding from $936.97 billion in 2023 to $990.4 billion in 2024 at a compound annual growth rate of 5.7%.
With September marking Life Insurance Awareness Month, the Pennsylvania Insurance Department today announced that the National Association of Insurance Commissioners' Life Insurance Policy Locator has helped recover and return nearly $72 million in benefits from nearly 3,000 life and annuity insurance policies to Pennsylvanians since January.
Corebridge Financial on its own and moving to dominate the market
Corebridge Financial begins corporate life free from the shadow of American International Group in a strong position to attack the massive retirement market.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. i, has been honored by Datos Insights with a 2024 Insurance Technology Impact award for its Registered Index-Linked Annuity Digital Ecosystem. “We are honored to receive this recognition from Datos Insights, which highlights the work our teams have done to…
MaxGrowth is designed to enhance retirement savings through accumulation while offering the security of principal protection.
Legal& General has today released the latest edition of its Pension Risk Transfer Monitor, which analyses industry trends and market outlooks in the UK and US. The UK PRT market has completed an estimated £20 bn of buy-ins and buyouts in the year to date The US market experienced a record breaking first half, estimated at $26 bn Both markets are on track for one of…
AM Best has upgraded the Long-Term Issuer Credit Ratings to“ bb-” from“ b+” of Genworth Financial, Inc. and Genworth Holdings, Inc., as well their Long-Term Issue Credit Ratings. In addition, AM Best affirmed the Financial Strength Rating of B- and the Long-Term ICR of“ bb-” of Genworth Life and Annuity Insurance Company. Additionally, AM Best has affirmed the FSR of C++ and the…
Advisors are key to a positive annuity purchase experience
With annuity demand expected to shatter records again this year, financial professionals should be prepared to discuss annuity options with their clients.
Athene remains king of annuity sales, but others catching up, LIMRA finds
Athene Life & Annuity remained king of the annuity sales mountain during the first half of 2024, but their pursuers are more numerous and closing the gap.
