Jackson National Life Insurance Co. became the latest insurer today to announce layoffs due to the pandemic business slowdown. The company said it is laying off about 150 people, a company spokesman confirmed in an emailed statement.
Superintendent of Financial Services Linda A. Lacewell today announced that the Department of Financial Services has entered into a consent order with Principal Life Insurance Company for violations of New York Insurance disclosure and suitability regulations in deferred to immediate annuity replacement transactions. “Today's settlement provides…
An industry leader in fixed index annuities, American Equity held a conference call Friday to discuss third-quarter earnings. Gross sales of $574 million were down 56% over the third quarter 2019.
Co-producer of The Washington Update, Jeff Bush said the race is looking similar to 2016 in a lot of ways. President Donald Trump can pull out another comeback win if he can just convince enough voters that the COVID-19 pandemic is getting under control.
Des Moines, Iowa – October 27, 2020 – A new study from F&G, a leading provider of fixed indexed annuities…
SAN FRANCISCO and WEST DES MOINES, Iowa, Oct. 28, 2020 /PRNewswire/ — Midland National Life Insurance Company (Midland National) and RetireOne …
Total annuity sales were $54.8 billion in the third quarter, up 13% from the second quarter, but down 8% from 3Q 2019, according to preliminary results from the Secure Retirement Institute U.S. Individual Annuity Sales Survey.
Advisors embraced innovation and technology as COVID-19 forced them to engage with clients in new ways. But will they go back to the old ways of doing business? A group of panelists at the Annuity Distribution Summit shared their thoughts.
The share of protected US households, those with either a pension or annuity, grew from 37% in 2019 to 40% this year, representing approximately 3.1 million newly protected households. Additionally, the study determined that this year’s increase is attributable to annuity ownership.
If you ever have presented an annuity solution to a client or prospect, you have probably heard the reasons why they didn’t think an annuity was the best solution. Here are some reasons why an annuity is the best solution.
–The SECURE Act opened a new era of opportunity for retirement plan participants– expanding the ability for plan sponsors to help participants not only plan for retirement, but also live in retirement. One way the Act will help is by making in-plan annuities within defined contribution plans such as 401 s and 457 s more accessible and portable than before.