—A record Powerball jackpot grew to an even larger $1.9 billion after no one won the lottery drawing on Saturday night. The numbers for the drawing were: white balls 28, 45, 53, 56, 69 and red Powerball 20.. Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Allianz Life announced today that its latest guaranteed income product, Allianz Lifetime Income+ Annuity with the Lifetime Income Benefit, is now available in defined contribution plans nationwide.

Saturday's Powerball jackpot is one of the highest in lottery history. The record $1.586 billion Powerball jackpot was in 2016, shared by winners in California, Florida and Tennessee. The cash value of the $1.5 billion Powerball prize is a not-so-shabby $745.9 million.

If you are like many pre-retirees or retirees, you may be hesitant to purchase annuities because you worry you will enter the market at the wrong time and won't maximize your returns. An increasingly popular technique known as "annuity laddering" may help guard against this situation and make the transition to annuities much easier and less stressful for you.

Payout percentages are increasing by 5 – 40 basis points, based on the owner’s age when they take their first withdrawal. These new rates will allow financial professionals to provide more guaranteed lifetime income to their clients when developing their retirement plans.  

"A lot of people buy a lot of tickets when the jackpot gets really high," said Kirah Guppa, a clerk at the Pit Stop Xpress on South York Road in Gastonia. The Powerball jackpot for Wednesday night's drawing has grown to $1.2 billion or $596.7 million in cash. Consider this, if one person hits the Powerball jackpot and takes the cash prize of $596.7 million, they would…

If nobody wins Wednesday's drawing, the Powerball prize, which grows after each unclaimed drawing, will reach, if not break, the $1.586 billion record jackpot, which three ticket holders won in 2016.. Wednesday night's advertised Powerball jackpot of $1.2 billion is for winners who chose to receive their winnings through an annuity paid over 29 years.

Resolution Life and Blackstone today announced a strategic partnership to support the continued growth of Resolution Life, a leading global life and annuity insurance consolidation business. This partnership solidifies Resolution Life's position as a leader in the multi-trillion-dollar global life and annuity consolidation market by combining…

–It's been nearly three months since someone took home the Powerball jackpot. Since the grand prize was last awarded on Aug. 3, the jackpot has grown to the second-largest in Powerball history at an estimated $825 million. The grand prize can be taken through an annuity, paid annually over 29 years, or in a cash lump sum of $410.2 million, according to the official…

CLIVE— The Powerball jackpot continues its huge climb, now standing at an estimated $1 billion annuity, $497.3 million cash option, for Monday's drawing. Iowa Lottery players won a total of 38,007 prizes in Saturday's Powerball drawing ranging from $4 up to $150,000. The $150,000- winning ticket, purchased at Floyd Food& Fuel, 3241 Floyd Blvd., in Sioux City, matched…

CLIVE— The Powerball jackpot continues its big climb, now standing at an estimated $800 million annuity, $383.7 million cash option, for Saturday's drawing. The Powerball jackpot has reached its current level because it has been growing for nearly three months. The vast majority of tickets purchased in games like Powerball and Mega Millions ® are easy-pick…

Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc., today announced updates to two of its market-leading registered index linked annuity products. In addition, both commission and fee-based versions of Equitable’ s Structured Capital Strategies ® PLUS RILA are also now available in New York, extending…

Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today announced it has expanded its relationship with Halo Investing, an award-winning platform for protective investments, to provide registered investment advisors more fee-based options when considering annuities. Jackson began offering RIAs…

These updates are designed to help financial professionals and their clients manage volatile equity markets and generate lifelong income amid rising inflation and interest rates.

A former Tucson insurance agent was sentenced to over 11 years in prison for defrauding an elderly client of over $1 million. Koreasa Maria Williams, 47, was sentenced Sept. 30 to 136 months in prison and ordered to pay restitution to her victim after she pleaded guilty to two counts of wire fraud, a news release from the U.S. Attorney's Office District of Arizona…

Last week, it was learned someone in Wayne County had a $1 million winning Mega Millions lottery ticket. Marks bought his lucky $2 Quick Pick ticket from the Handy Mart on U.S. 70 West in Goldsboro. A winner in North Carolina could take home the jackpot as an annuity paying out the $30 million over 29 years or choose instead to take home $14.9 million in cash.

TUCSON, Ariz.– Koreasa Maria Williams, 47, of Tucson, Arizona, was sentenced on September 30, 2022, by United States District Judge Jennifer G. Zipps to 136 months in prison and ordered to pay restitution to her victims. Williams, a licensed insurance agent, defrauded an 80- year-old client of over $1 million. In October 2018, realizing she was under investigation for…

"Over the last 10 to 15 years, there have been many improvements to both life insurance and annuity products. If you've been thinking about swapping your current annuity or insurance policy for a new policy, a 1035 exchange might be a good solution. " Created by a provision in the IRS code, 1035 exchanges offer a tax-deferred method of converting existing life…