A former Bristol insurance agent will find out his sentence next month for defrauding a Connecticut woman out of more than $800,000, using her as“ a bank” to compensate others in a kind of Ponzi scheme, according to her brother. John Michael Horvath, formerly of The Insurance Education Center Agency, pleaded guilty in July to defrauding at least eight victims out of…
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Flourish Annuities provides a new way for RIAs to consider fee-based annuities as an option for client portfolios.
–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 and Annexus, a leading independent insurance retirement product design company, announce two major enhancements to the Secure Horizon SM Plus FIA. Those risks include health-related…
After 8-hour hearing, ‘Annuity King’ sentencing continued to Jan. 31
Sentencing for Phillip Roy Wasserman, the self-styled “Annuity King,” was continued Friday after nearly eight hours.
The evolution of the life/annuity agent experience
Technology won’t replace the personal touch; it will improve and augment it.
‘Annuity King’ Wasserman seeks new trial as sentencing date draws near
Phillip Roy Wasserman is scheduled to be sentenced Friday in his $6.3 million fraud case and Judge Charlene Edwards Honeywell appears determined to avoid any further delays.
JOHNS CREEK, Ga., Jan. 04, 2024– Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, announced today that its Annuity Exchange AN4 has reported record volumes in the last quarter of 2023, besides reporting a record performance for the full year of 2023..
Annuity sales review: 2023 was great but 2024 could be even better
Sales of annuity products hit record highs throughout 2023 and ended the year riding a wave strong enough to raise expectations for 2024 and beyond.
Equitable announced enhancements to its Investment Edge investment-only variable annuity that add new options designed to increase growth potential and provide additional flexibility to customize investment options.
Trade groups oppose NASAA’s proposed changes to annuities regulation
A coalition of major trade groups is calling for the NASAA to withdraw proposed changes to its business rules, calling them “unnecessary.”
DOL fiduciary proposal applies ‘major hammer’ to bad advice, panel says
A closer look at the 494-page fiduciary rule reveals the potential for severe penalties for any failure to adhere to the fiduciary standards, say lawyers from Groom Law Group.
RILAs fuel strong third-quarter annuity sales, LIMRA reports
For the second consecutive quarter, registered indexed-linked annuity products set a new record with $12.6 billion in sales.
Structured annuity sales soar higher in strong Q3 market, Wink reports
Total third quarter sales for all deferred annuities were $78.6. billion, Wink, Inc. reported, up 8.5% when compared to the same period last year.
Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced it has closed a previously announced reinsurance agreement with MetLife, Inc.. Under the terms of the agreement, MetLife transferred general account assets for the block to Global Atlantic…
A set of riders offers guaranteed lifetime income with features designed to turn investors’ savings into a predictable stream of income in retirement.
BROOKFIELD, NEWS, Nov. 09, 2023– Brookfield Reinsurance today announced financial results for the quarter ended September 30, 2023.. Following the spin-off of Brookfield’ s Asset Management business in December 2022, combined, Brookfield Corporation’ s quarterly distribution of $0.07 per share and Brookfield Asset Management’ s quarterly dividend of $0.32…
If you like the idea of guaranteed income in retirement and are charitably inclined, you maywant to give charitable gift annuities a look. ½ or older have the option of making a one-time donation of up to $50,000 from their traditional IRAs to a charitable gift annuity. That aspect of charitable gift annuitiesmakes them more palatable to retirees than…
Digital-friendly life, annuity providers lead in satisfaction study
Life insurance and annuity providers using digital technology to interact with customers are receiving higher survey satisfaction scores.
‘Annuity King’ pleads guilty to tax charge, confronts co-defendant in court
Phillip Roy Wasserman pleaded guilty to tax charges Monday and will avoid a second trial in his $6.3 million fraud case.
The surge continues – annuity sales up 11% in Q3, 21% for the year
Third-quarter annuity sales increased 11% year-over-year to $89.4 billion, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.