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Indexed annuities boast strong 1Q
Indexed annuities are turning out to be a bright spot in an otherwise depressed environment for annuity sales.
Health becoming new focus of wealth
G uess which financial issue is uppermost in your preretiree clients' minds, yet one that they seldom…
Wells Fargo latest to offer fee-based VAs
Firm joins the likes of LPL Financial, Commonwealth and Royal Alliance
Axa looks to terminate ‘costly’ VA death benefits with swap deal
Axa aims to offer VA policyholders a hike in account value if they agree to cancel a generous death benefit. If the plan works, expect other insurers to follow suit. Says one industry watcher: 'The floodgates will open.'
MetLife trims VA offerings
MetLife Inc., following other major variable annuity providers, plans to trim its VA offerings in an effort to…
Annuities fell in 1Q; indexed up
Annuity sales took a dive during the first quarter, but sales of fixed indexed annuities jumped, thanks in…
Slow 2012 for VA sales as costs climb, insurers leave the space
After strong growth in 2010 and 2011, VA sales are expected to slow as products become less attractive, guaranteed-withdrawal percentages slide and fees continue to skyrocket.
New Jackson National VA does away with living benefits
Insurer turns focus to tax deferral, alt investments and fee-based advisers
Agent in church life-insurance flap: Parishioners were instructed to lie to Aviva
Claims agents coached them to tell insurer they were paying for policy premiums when outside parties actually did so
Life agents accuse Aviva of ‘unclean hands’ in unholy Stoli mess
In March, Aviva sued six life insurance agents over Stoli policies sold to 119 members of a church in Los Angeles. Now, those agents have fired back, claiming the carrier consented to the offer of the coverage.
Jackson National to buy Swiss Re’s U.S. life business
Jackson National Life Insurance Co. will pay $621 million in cash for the life insurance assets of Swiss Re Group's American division
Jefferson National latest to add more alternatives to VA
Jefferson National Life Insurance Co. has bolstered its roster of alternative-investment offerings
Hartford reports pick up in VA surrender rate
In-force VA block lapse rate jumped by nearly 50% after Hartford announced it would leave annuity biz; many contracts in the money
Forethought at forefront as RJ pulls plug on Hartford annuities
Company not prepared to put annuities manufacturer on its platform
MetLife to pay $500M to settle death benefit probe
Multistate settlement follows review on whether companies were holding funds that should go to beneficiaries.
Security Benefit CFO: ‘We’re open to L.A. Dodgers investment’
Guggenheim's purchase of the Dodgers to close April 30, reportedly insurers will be tapped
The Hartford’s annuity exit a shocker for advisers
Carrier's wholesalers met with advisers as recently as last week, said insurer was “committed” to annuity space
Ratings upgrade a real benefit to Security Benefit, says insurer’s boss
Kiley says A rating will boost distribution of annuities; carrier's premiums already on the rise
Longevity insurance faces hurdles to become a retirement option
Longevity insurance has received the Treasury Department’s blessing, but it could be years before these deeply deferred annuities…
Health care costs, planning take on more importance
Call it health care sticker shock. Between the ever-rising costs of health care services, the financially stressed state…
