Nassau Financial Group today introduced Nassau Bonus Annuity Plus SM, a bonus fixed indexed annuity designed to give people confidence that they can reach their retirement goals. “The launch of Nassau Bonus Annuity Plus further expands our fixed annuities product suite, as we look to provide new and innovative fixed annuity products to the underserved…
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Rochelle Park, NJ, August 7, 2024- Sapiens International Corporation,, a leading global provider of software solutions for the insurance industry, today announced that Continental General Insurance Company, a life, accident, and health insurance company, has selected Sapiens as a technology partner to help accelerate operations, modernize its platform for…
Generally Accepted Accounting Principles is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions and in the preparation of financial statements. In addition to reporting financial results in accordance…
SBLI announces its launch of Market Crest™, a Multi-Year Guarantee Indexed Annuity. “Our Market Crest Annuity from SBLI is ideal for those planning for their retirement or seeking a safe and secure home for their investment,” said Jim Morgan, president and chief executive officer of SBLI.“ It is straightforward to own, protecting clients’ hard-earned money with a…
Is continuing illiquidity in the life/annuity portfolio a cause for concern?
Conning sees life/annuity insurers continue to reach for yield through illiquid assets, such as mortgages and private placements.
Shares of MetLife, Inc. (NYSE: MET) traded at a new 52-week high today and are currently trading at $76.5. So far today, approximately 1.41M shares have been exchanged, as compared to an average 30-day volume of 2.85M shares. MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It […]
AmeriLife Group, LLC, a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that it has partnered with Elite Insurance Group, an independent, Reidsville, Georgia- based insurance brokerage that specializes in the Medicare, health insurance, and life insurance…
Net premiums written increased by approximately 13% to reach $11.9 billion in 2023, up from $10.5 billion in 2022.. “Fraternals have typically focused on expanding distribution and growing annuity sales, which are attractive products in a rising or higher interest rate environment,” said Ed Kohlberg, director, AM Best.“ For some, significant new business…
KBRA comments that subsequent to the recently announced sale of Janney Montgomery Scott from Penn Mutual to KKR, the AA insurance financial strength ratings of Penn Mutual Life Insurance Company, Penn Insurance and Annuity Company, Penn Insurance and Annuity Company of NY and Vantis Life Insurance Company, and the A+ rating on the company’ s surplus notes,…
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…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of Teachers Insurance and Annuity Association of America and its wholly owned insurance subsidiary, TIAA-CREF Life Insurance Company. TIAA and TIAA-CREF Life collectively are referred to as the TIAA Group. TIAA, together with its companion organization,…
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…
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…
