There is concern in the life insurance industry that a forthcoming Department of Labor report could target group annuity contracts by pension plans in pension risk transfer transactions.
Guardian Life Insurance Co. is taking its shot at one of the hottest annuity segments in the market with its first registered indexed-linked annuity offering.
—Lottery players nationwide have the chance at nearly $2 billion as the Mega Millions and Powerball jackpots continue to roll. Meanwhile, without a winner in Monday's drawing, the Powerball jackpot has reached an estimated $865 million. That makes it the fifth-largest in Powerball history behind a $1.08 billion jackpot won in California last year.
Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, today announced it has reached an agreement with Japan Post Insurance Company for an RGA affiliate to reinsure an approximately 700 billion JPY in-force block of individual life annuities through coinsurance. “This transaction marks a significant milestone in the…
State insurance regulators plan to issue guidance on its best-interest annuity sales model after reviews turned up “deficiencies” in producer monitoring.
Allianz Life announced that its newest accumulation-focused product, Allianz Accumulation Advantage+ Annuity, is now available.
Athene Annuity and Life stormed to the top of the annuity sales charts with a 72% year-over-year growth in 2023 sales, LIMRA reported today.
Total fourth quarter sales of deferred annuities were $105.4 billion, Wink, Inc. reports, up 32.9% when compared to the same period last year.
California Gov. Gavin Newsom gave industry trade groups a big win Thursday by signing a best-interest annuity sales bill into law.
With private equity backing and fresh life and annuity assets, Zinnia is making its move in the market, CEO Michele Trogni said.
DPL Financial Partners and Orion Advisor Solutions today announced an expanded partnership to build upon the firms’ existing integration and provide fee-based financial advisors on the Orion Advisor Technology platform with direct access to DPL’ s commission-free annuity marketplace, Product Discovery Tools, and team of licensed insurance…
Expected Fed rate cuts might may shift interest away from fixed-rate deferred annuities, according to industry experts.
Despite saving for their golden years, many retirees – even affluent ones – tend to underspend. This is termed the “decumulation paradox.”
—CHICAGO— CNA Financial Corp. on Monday reported fourth-quarter net income of $367 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. This story was generated by Automated Insights using data from Zacks Investment Research.
A Tampa, Fla. judge sentenced Phillip Roy Wasserman to a lengthy prison term Wednesday for overseeing a fraud that cost retirees millions.
Study asks: If buying annuities is a good option for many retirees, why aren’t more people purchasing them?
American Pathway Advisory is a fixed annuity that brings enhanced flexibility to the MYGA space through innovative renewal options.
For the second consecutive year, rising interest rates pushed annuity sales to another all-time record high, according to preliminary results from LIMRA.
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…
Flourish Annuities provides a new way for RIAs to consider fee-based annuities as an option for client portfolios.
