Equitable Life Insurance Co. breached no contract terms when it imposed cost-of-insurance charges on a universal life policy, the New York Court of Appeals recently ruled.
Total 2024 annuity sales were up 12% over 2023 and nearly 40% over 2022, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
If a federal appeals court interpretation of California life insurance lapse laws stands, it could “undermine” regulations nationwide, the plaintiff claims.
In a flurry of executive orders that were signed almost as soon as he took the oath of office, President Donald Trump rode back some Affordable Care Act rules and ended attempts to lower prescription drug costs.
Two PHL Variable Insurance Co. policyholders are asking a Conn. court to reconsider a $300,000 moratorium on benefits created by the Department of Insurance.
The continued transfer of pension funds to annuity sellers threatens the viability of the American retirement system if left unchecked, the Pension Rights Center said in a brief.
Generation Beta is the proposed name for the demographic beginning with 2025 and ending in 2039. This generation should start saving for retirement now, Prudential finds in a new study.