Annuity News

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…

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. Resolution Life and Blackstone plan to raise $3 billion of new equity capital commitments– including a $500 million strategic investment from Blackstone–…

MONROE, N.C.– Susan Underwood, of Monroe, bought a $30 scratch-off and won a $1 million prize, according to an NC Education Lottery news release. Underwood bought her winning Millionaire Maker ticket from Rollinghill Express on West Roosevelt Boulevard in Monroe. She could choose to receive the prize as an annuity of $50,000 over 20 years, or a lump sum of $600,000.

Ohio National Financial Services advances its ONdex fixed indexed annuity products with a new rider that guarantees income growth opportunities in retirement

Lincoln Financial Group announced today that Jim O’ Boyle will join as senior vice president and head of Life& Annuity Operations, effective Nov. 1. O’ Boyle earned an MBA from Fordham University Graduate School of Business and a B.S. from the University at Albany State University of New York. About Lincoln Financial Group Lincoln Financial Group provides advice…

RALEIGH, N.C.– The Mega Millions jackpot has a slight lead over Powerball as the two games now feature jackpots worth more than $700 million combined. Monday's Powerball jackpot stands at a $336 million annuity that is worth $176.7 million in cash while Tuesday's Mega Millions jackpot offers a $380 million annuity that is worth $198.4 million in cash.

DPL Financial Partners announced today that its two outside investors, Eldridge and Atlas Merchant Capital, have invested an additional $20 million in the turnkey insurance management platform for registered investment advisors. “These two numbers— approaching $2 billion in no-load insurance products transacted on the platform and $20 million in new…

BUNCOMBE COUNTY, N.C.– Elizabeth Rathburn, of Candler, North Carolina, bought a $30 scratch-off and won a $3 million prize, according to an NC Education Lottery news release. Rathburn bought her winning Fabulous Fortune ticket from Boone's Convenience Corner on Smoky Park Highway in Candler. She could choose to receive the prize as an annuity of $150,000 over 20…