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Death benefits flap could trigger lawsuits against insurers
Negative publicity about so-called retained-asset accounts may fuel litigation, withdrawals by beneficiaries
More investors now think VAs are OK – but fees still a drag
Variable annuities, which combine mutual-fund-like investing with income or other guarantees, are as controversial as ever — but investors increasingly are considering purchasing them, financial advisers say
MetLife names new CIO
MetLife Inc., the largest U.S. life insurer, has selected Steven J. Goulart as chief investment officer to oversee a portfolio valued at more than $450 billion
Allianz holds out carrot for top distributors
Offers exclusive program for high-producing FMOs — if they agree to tougher compliance standards
More investors now think VAs are OK – but fees still a drag
Investors are slowly warming up to variable annuities. They'd get even more excited if annual charges on the products were reduced.
Nationwide plans VA that hits the bond button
In an attempt to buffer its variable annuity clients' accounts from market volatility, Nationwide Mutual Insurance Co. expects to launch a program that will shift funds into fixed-income investments when the stock markets dip
VA carriers kill some living benefits, raise fees
Insurers look to ramp up profits on variable annuities
Yet another insurer bows out of LTC biz
Rising medical costs and longer live expectencies are putting the squeeze on long-term-care insurance providers. This week, another carrier -- Guardian Life -- said it's exiting the LTC biz.
John Hancock will draw the curtains on AnnuityNote simplified VA
John Hancock Life Insurance Co will suspend sales of all AnnuityNote Portfolios variable annuity contracts, effective April 29.
Merger pace slow for U.S. life insurers in 2010
U.S. life carriers had a fairly small appetite for mergers and acquisitions in 2010, with much of the activity taking place in AIG's shedding of its foreign life insurance subsidiaries.
Broker-dealers lack E&O savvy
At a time when litigation has threatened the financial viability of several securities firms, executives at independent broker-dealers, as well as the more than 110,000 or so independent-contractor registered reps, often are woefully underinformed about their errors-and-omissions insurance, according to industry observers
New insurance alliances spawn annuity innovations
Smaller life insurers — battered by the recession but ready to get back into the annuity business — have begun to outsource the manufacturing of fixed indexed annuities to marketing groups
Illinois’ top insurance cop to run Federal Insurance Office
The Treasury Department has chosen Michael T. McRaith, Illinois’ chief insurance regulator, as head of the new Federal…
‘Fire sale’ probably helped ignite surge in VA sales
Advisers notified clients about planned reduction in features, hike in fees
Can LPL crack the code? B-D launches expanded fee-based VA platform
The indie B-D is bucking the trend with the launch of its expanded fee-based VA platform. A single fiduciary standard will likely improve the odds of success
Axa Equitable, Wilshire Associates form fiduciary dynamic duo
Axa Equitable Life Insurance Co. has paired up with Wilshire Associates Inc. to give small and midsize retirement plans access to fiduciary services.
Advisers advising, but boomers not buying, survey finds
Sure, everybody complains about the weather, but nobody does anything about it. The same can be said…
Putnam goes up against Pimco with fund for VAs
Absolute Return 500 aims to tamp down volatility
N.Y. Life to release longevity annuity product
New York Life Insurance Co. expects to release its first longevity insurance product this July, according to Chris…
Insurer to tap athletes to fill its agent bench
Hoping to strengthen its agent force, The Northwestern Mutual Life Insurance Co. has paired with Career Athletes LLC to recruit students as interns and agents
