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.
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How will PE firms originate and manage the next generation of long-duration assets?
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.
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 of Index Annuities, enhancing the accumulation and diversification capabilities of the company’s index annuity lineup.
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.
A cautionary tale about what can go wrong when an insurer loses its financial footing
For 20 years, the retirement income debate has been framed as a product argument. That framing misses a deeper issue.
The use of agentic AI in the insurance industry has positively impacted sales by empowering consumers and helping less experienced agents overcome barriers, according to an industry expert.
As the life and annuity market continues to grow, the next phase of that growth will depend on how well the industry modernizes the sales, service and back-office workflows that turn consumer interest into completed protection.
Although more than $54 trillion in wealth is expected to transfer to widows by 2048, many women still face financial insecurity after their spouse dies.
Market volatility is now a persistent feature of the investment landscape rather than an occasional disruption.
Artificial intelligence is no longer a buzzword reserved for technology conferences and corporate strategy decks.
Investors will continue to look for ways to protect their savings from market risk, grow their assets and guarantee income in retirement.
State Farm’s “Next Gen Good Neighbor” initiative delivers a message to life and annuity distribution leaders.
Two industry organizations expressed their support for a bill in Congress that tackles a long-standing issue requiring certain insurance and annuity products to be registered using forms intended for corporate securities offerings.
Now that he has been confirmed by the Senate, Kevin Warsh will step into a role closely watched by world and business leaders.
For younger investors, the appeal is not necessarily guaranteed income decades down the road.
A meaningful shift is underway among Americans approaching retirement.
Scammers often pursue liquid assets that can move quickly.
