Premier and Minister for Financial Services and Commerce, the Hon. André M. Ebanks MP is travelling to Columbus, Ohio, this…
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A former insurance producer from Missouri has agreed to a license revocation and is barred from working in the Iowa securities industry after what state officials described as preying on retired postal workers. She cannot conduct business in Iowa after an investigation "revealed a pattern of predatory financial practices targeting retired federal…
Corebridge annuity sales slip ahead of Equitable marriage
Corebridge Financial saw lower annuity sales in the second quarter, but remains focused on its coming merger with Equitable Holdings.
California teachers settle class-action lawsuit over in-plan annuity fees
Plaintiff Danielle Krimbow and the Life Insurance Company of the Southwest announced a tentative settlement in their lawsuit over annuity fees.
Jackson Financial CEO caps 40-year career with blockbuster Q2
Jackson’s Q2 retail annuity sales of $5.9 billion were up 34% from the second quarter of 2025.
A single lump sum is exchanged for guaranteed monthly income for life, with payments beginning within one month, so families can fund an assisted living community, a memory care unit, or in-home care without drawing down every other asset they have.
NAIC regulators begin consensus phase on annuity illustration overhaul
An NAIC working group is moving into a new phase of its effort to overhaul annuity illustration rules.
AM Best has revised the outlooks to negative from positive and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the following subsidiaries of Group 1001 Insurance Holdings, LLC: Delaware Life Insurance Company and Clear Spring Life and Annuity Company. These companies are referred to as the Group 1001 Life& Annuity…
Market-value adjusted annuities: Key considerations for advisors
Like most financial products, market value-adjusted (MVA) fixed annuities come with trade-offs.
Private equity’s next play in insurance
How will PE firms originate and manage the next generation of long-duration assets?
Immediate Care Plan: A new solution for funding LTC
The plan is designed to fill the gap between what a care recipient needs to spend monthly on care and the amount of monthly income they have from sources such as Social Security, a pension or interest on investments.
Delaware Life Launches a New Bonus Fixed Index Annuity Built for Growth, Protection, and Flexibility
Delaware Life Insurance Company, a leading provider of innovative and customizable financial solutions, today launched TrackGuard+™, a bonus fixed index annuity that combines a high upfront premium bonus, a strong lineup of index crediting strategies, enhanced in-contract liquidity, and principal protection in a single solution. “Many of today’s savers want…
Total U.S. annuity sales rose 4% year over year to a record $123.9 billion in the second quarter of 2026,…
Baker succeeds Lowell Aronoff, who cofounded CANNEX in 1984. Aronoff will become the chairman of a newly created board of directors.
Corebridge Financial announced the addition of Protected Growth Benefit and preset allocation options to select versions of The Power Series…
Corebridge Financial announced the addition of Protected Growth Benefit and preset allocation options to select versions of The Power Series of Index Annuities, enhancing the accumulation and diversification capabilities of the company’s index annuity lineup.
LIMRA predicts strong life and annuity sales for the rest of 2026
Life insurance and annuity sales hit records in 2025 and there’s every indication that those products will continue to see strong growth through the end of this year.
Jackson Financial Inc. 1 today announced Laura Prieskorn, President and Chief Executive Officer, has shared her plans to retire at the end of 2026. Don Cummings, Executive Vice President and Chief Financial Officer, will succeed Prieskorn as President and CEO and as a member of the JFI Board of Directors, effective October 1, 2026. Brian Walta will succeed…
Has your annuity been reinsured in the Cayman Islands? Here’s why it matters
A cautionary tale about what can go wrong when an insurer loses its financial footing
DOL slams pension risk transfer lawsuit as ‘opportunistic’ litigation
The Department of Labor is urging a federal appeals court to dismiss a lawsuit challenging a major pension risk transfer deal.
