Patriot Life Insurance Co. Boosts Life & Annuities Underwriting Capabilities

The U.S. life/annuity industry increased its holdings in structured notes by one-third over a three-year period, with book adjusted/carrying value reaching $16 billion in 2018, up from $12 billion in 2015, according to an AM Best report. Larger insurers are the primary purchasers of structured notes, as they typically have more sophisticated investment…

Its facility was at 1520 Germantown St. in Dayton, with a satellite office at 8145 N. Main St. in Clayton. The judgment announced Wednesday follows an investigation by the U.S. Department of Labor’s Employee Benefits Security Administration’s Cincinnati office, which found that the mental health service provider and fiduciaries Gayle Johnson and Akil Sharif…

WINSOR, Connecticut, Nov. 14– LIMRA issued the following news release:. We all know good customer experience when we see it. “Today’s consumers are comparing the experiences they have with financial services companies with the ones they have with tech firms, like Amazon, Apple and the like,” said Todd Silverhart, Ph.D., corporate vice president and director of LIMRA…

–The Guardian Life Insurance Company of America announced today that Andrew McMahon, an industry veteran and head of the company’s largest business, has been elected President by its Board of Directors. Mr. McMahon’s appointment is part of Guardian’s regular succession planning process and is effective January 1, 2020. Mr. McMahon, who joined Guardian in 2017,…

BOSTON – Nov. 13, 2019 – One-third of 65-year-olds will likely live past 90, but many are underfunded for that…

These legal documents can’t just be put in a drawer and forgotten for years and years. They need to be tended to periodically, or else they may cause problems when you need them the most.

Voya Financial, Inc. today announced financial results for the third quarter of 2019.. “During the third quarter, we made further progress on our growth plans and generated normalized third-quarter 2019 adjusted operating earnings of $1.36 per diluted share, “said Rodney O. Martin, Jr., chairman and CEO, Voya Financial, Inc.“ For the nine months ended Sept. 30, 2019, we…

_ Brighthouse Financial Inc. on Monday reported third-quarter net income of $683 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Charlotte, North Carolina- based company said it had net income of $6.06. Brighthouse Financial shares have increased 31% since the beginning of the year.

VA sales have declined steadily over the last decade, having peaked at $184 billion in 2007. In 2018, VA sales dropped to approximately $100 billion, down 46% from 2007. Today, fixed annuity sales, led by FIAs, now surpass VA sales, stemming from the uncertainty created by the potential fiduciary rules the U.S. Department of Labor had contemplated a few years ago.

1035 exchanges let you trade up for a better annuity or trade in unneeded life insurance.

Today it’s common for Americans to spend two, three or even four decades in retirement. This means people have ample time to relax and achieve a bucket list of dreams. Consider this example: a retired couple planning to live on $60,000 in 1994 would require $103,842 today to maintain their standard of living, according to the Bureau of Labor Statistics, Consumer…

MINNEAPOLIS – Americans’ fear of a recession continues to rise, as half of Americans now say they are worried a…

As more Boomers are becoming caregivers themselves for their parents and loved ones, the realities of the costs and work involved are sinking in. It’s time to make a plan for yourself.

Nassau Financial Group today announced its entry into the accumulation-focused fixed indexed annuity space with its inaugural product, Nassau SM Growth Annuity. In addition, Nassau continues to take a leading role in the Hartford region’ s insurance and insurtech industry through its incubator, Nassau Re/Imagine. Nassau Growth Annuity Nassau Growth…

Pacific Life announced today that Pacific Index Foundation ®, a deferred fixed indexed annuity, is now available to TD Ameritrade clients. TD Ameritrade has offered a curated lineup of fixed annuities and fee-based variable annuities to clients since 2012, and now Pacific Index Foundation becomes the first fixed indexed annuity to be offered on the…

–Simplicity Group Holdings is pleased to announce that it has acquired Executive Brokerage Services, Inc., an independent insurance distribution company founded over 35 years ago, and that it welcomes Bernie Vukelich and Brian Lipinski as its newest Principals. Under the current leadership team of Bernie Vukelich and Brian Lipinski, they have expanded…

Great American Life Insurance Company ® is pleased to announce its fee-based fixed-indexed annuity, Index Protector 7, is now available on BNY Mellon’ s Pershing registered investment advisor custody platform. According to Tony Compton, Great American Life Vice President of Broker/Dealer and RIA Sales,“ Great American is committed to supporting the RIA…

The collaboration enables Jackson’s wholesalers to show financial professionals how to use eMoney’s comprehensive financial planning software to evaluate how protected lifetime income can help address certain needs in retirement.

Take some lessons from the mistakes many retirees made during the downturn that socked stocks in 2008. By adjusting accordingly, you don’t have to fear outliving your retirement portfolio, even if you’re about to retire.