AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of Guardian Life Insurance Company of America and its core subsidiaries, Guardian Insurance& Annuity Company, Inc. and Berkshire Life Insurance Company of America. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of“ aa-” of Guardian Life’ s…
More Stories
Annuity sales set another record in first half of 2024
Total annuity sales hit a whopping $215.2 billion in the first half of 2024, a 19% jump from prior year results, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
Midland National ® Life Insurance Company, a member company of Sammons Financial Group, today announced a new partnership with The Index Standard, a leading provider of forward-looking data and analytics solutions for index-linked products. Planning also means having a diverse set of crediting strategies within products,” said Kevin Mechtley, vice…
Just over half (51%) of pre-retirees over 50 and retired Americans are considering delaying or coming out of retirement, according to a new survey from F&G.
American National introduces proprietary custom annuity index
American National Group today announced the launch of its first proprietary custom index, which will be paired with American National’s…
SEC ruling could amp up RILA accessibility, encourage competition
The SEC has adopted tailored disclosure requirements and offering processes for RILAs and registered market value adjustment annuities.
Brighthouse Financial, Inc. (NASDAQ: BHF) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 4.76% on the day to $45.81. Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment […]
MetLife, Inc. today announced that its board of directors has declared a third quarter 2024 common stock dividend of $0.545 per share. About MetLife MetLife, Inc., through its subsidiaries and affiliates, is one of the world’ s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and…
Agency: " Employee Benefits Security Administration, Department of Labor." SUMMARY: This document provides notice of the pendency before the Department of Labor of a proposed individual exemption from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 and/or the Internal Revenue Code of 1986 for the…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of New York Life Insurance Company, New York Life Insurance and Annuity Corporation, Life Insurance Company of North America, New York Life Group Insurance Company of NY and NYLIFE Insurance Company of Arizona. All companies are referred to as New York Life and…
Private equity driving activity in insurance sector despite ‘lackluster’ deals market
Increasing interest from private equity is expected to support steady activity in the insurance deals market, during a time when other sectors are not experiencing comparable volume.
3 reasons for RILAs’ growing popularity
RILAs provide investors with a level of protection coupled with growth opportunities to help meet their long-term retirement investment and income needs.
Nearly every year I journey to Washington. D. C. to participate in my professional association's Congressional Conference. During the conference, hundreds of my fellow National Association of Insurance and Financial Advisor talked with their members of Congress about the importance of life& health insurance, annuities, retirement savings, and senior and…
Group 1001, a leading financial services company, announces Martin Woll as Chief Operating Officer of Group 1001 Life& Annuity. “We are excited to welcome Martin to Group 1001,” said Dan Towriss, Group 1001 President and CEO.“ Martin brings a wealth of knowledge across operations and proven leadership skills. Most recently, Woll was Chief Operating Officer at…
GRAND CAYMAN, Cayman Islands—- Oceanview Holdings Ltd., a prominent provider of annuities and reinsurance solutions, today announced the establishment of its new subsidiary, Oceanview Secure Reinsurance Ltd., in the Cayman Islands. "Launching Oceanview Secure Reinsurance Ltd. is a strategic move to enhance our reinsurance capabilities and expand our…
RIAs report greater interest in FIAs
Nearly half of registered investment advisors believe volatility will be the same as market stressors continue, a Security Benefit study shows.
Goldman Sachs survey finds RILA acceptance, rise ‘meteoric’
Annuity sellers are emphasizing value propositions that strike a balance between managing downside risk while offering upside participation.
AIG takes final step to complete Corebridge separation
American International Group (AIG) has completed the long-anticipated separation of Corebridge Financial, its former life and retirement unit.
Coming DOL fiduciary rule likely pushing annuity sales higher, Wink says
Deferred annuity sales were up nearly 19% in the first quarter over the same period last year, Wink, Inc. reported today.
In a new report, Lincoln Financial Group found that a knowledge gap persists among the majority of Americans — including clients of financial professionals and even annuity owners — when it comes to understanding the features and benefits of annuities.
