NAFA, the National Association for Fixed Annuities, presented revered distribution leader Rod Mims with the 2024 Bo Johnson Spirit Award for Lifetime Achievement for his unwavering commitment to the financial services industry.
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AmeriLife Group, LLC, a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that longtime insurance industry veteran Steve Patton has been named Senior Vice President of Simplified Issue Solutions for AmeriLife’ s Health Distribution organization.
Brighthouse Financial, Inc. announced today that it has completed a reinsurance transaction with a third party to reinsure a legacy block of the company’ s fixed and payout annuities. “This transaction reflects our ongoing progress against several strategic initiatives designed to improve capital efficiency, unlock capital and return to our target…
Corebridge Financial tallies strong annuity, life sales numbers in Q3
Executives touted Corebridge Financial’s recent launch of its MarketLock RILA during a third-quarter call Tuesday with Wall Street analysts.
Equitable hones in on annuity delivery across channels after strong Q3
Credited with introducing the first registered indexed-lined annuity in 2010, Equitable is far and away the market leader for the now-trendy RILA products.
Maintaining annuity sales momentum with Gen X
The next wave of retirees is fast approaching, and they’re digital natives who likely won’t settle for their parents’ paper-based processes.
In a newly released Best’ s Special Report, AM Best notes that while the Federal Reserve reduced interest rates by half a point in September 2024, they remain nearly twice the level of five years earlier. Surrender benefits topped $100 billion for the fifth straight quarter and sixth in the last seven quarters, compared with an average of $86 billion prior to that…
Jackson National Life Insurance Company, the main operating subsidiary of Jackson Financial Inc. 2, today announced it is partnering with JPMorganChase to offer its registered index-linked annuity, Jackson Market Link Pro II ®, to the approximately 5,000 financial professionals at J.P. “We are proud to expand our partnership with JPMorganChase, a premier…
Survey finds some support for DOL fiduciary rule
A new survey of financial professionals shows surprising and almost uniform support for the Department of Labor’s Retirement Security Rule
Athene Holding today announced that Martin Klein, executive vice president and chief financial officer, has informed the company of his…
Corebridge Financial and Miami-Dade County Public Schools are commemorating one of the earliest implementations of a 403 retirement plan in a public school, dating back to 1964. The Variable Annuity Life Insurance Company, a Corebridge Financial company, issued a 403 plan sixty years ago this month to a teacher at Coral Gables Elementary who enrolled at $25…
North American Company for Life and Health Insurance ®, an A+ rated carrier 3 and member company of Sammons ® Financial Group and one of the largest issuers of fixed index annuities in the U.S. 1, is partnering with AMS Financial Services Group, a long serving financial solutions provider. “AMS Financial Solutions Group is thrilled to have collaborated with…
Economic conditions, income needs drive big annuity sales, LIMRA says
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported.
Provides retirement and related financial products and services primarily to businesses, their employees, and other individuals including full service accumulation, banking, trust and custodial services, individual variable annuities, pension risk transfer, investment only, individual fixed annuities, and all of the Institutional Retirement& Trust…
Annuity sellers need to work harder to satisfy customers, J.D. Power finds
A new J.D. Power survey finds that 43% of producers fill out annuity applications for their clients. They are the buyers least likely to understand what they bought.
The capital and financial impacts of IFRS 17, which took effect Jan. 1, 2023, were largely as expected and have been incorporated into L/A insurers’ financial plans. Both of these product lines continue to achieve record sales in Canada and the United States the past year. “Sales growth has been supported by technology-driven, customer-centric business models…
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, announces that the Barclays Transitions Indices, available exclusively on their suite of fixed index annuities, has won“ Annuity Index of the Year” by SRP Americas. About North American…
Regulators tweak 2025 life and annuity priorities to reflect new challenges
State insurance regulators advanced 2025 life insurance and annuity priorities Monday with additions to reflect new efforts in reinsurance and annuity illustrations.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today launched Principal Guard, an add-on guaranteed minimum accumulation benefit available for an extra charge in the Elite Access ® Suite of variable annuities. The new GMAB offers clients the ability to invest their money with no downside risk through…
Insurance regulators urged to get serious with receivership database
The Global Receivership Information Database (GRID) system is how regulators track insurers put into receivership.
