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MetLife halts sale of new long-term-care insurance
MetLife Inc., the largest U.S. life insurer, will halt the sale of new long-term care coverage after citing “financial challenges” in the business.
Genworth adds Eaton Vance portfolios to its platform
Genworth Financial Wealth Management Inc. has appointed Eaton Vance Investment Managers as a portfolio strategist for its client accounts.
Pacific Life ordered to pay $260K over paperwork snafu
A federal court judge decided against Pacific Life Insurance Co. this week in a case involving the delayed…
New York Life, MassMutual sued over Madoff investments
A machinery manufacturer has sued New York Life Insurance Co., claiming it lost money in variable universal life…
Insurers upping VA withdrawal benefits
Generous withdrawal benefits for variable annuities — albeit with limits — continued their comeback in the third quarter, according to a report from Ernst & Young.
Morningstar VA data: A tale of two displays
After adviser notes differences between adviser and client reports, Morningstar Inc. may review the way it displays returns on variable annuity subaccounts.
Ameriprise bails on outside sales of RiverSource
Limits sales of VA product to company's reps; Big Three getting bigger
VA market share batttle pits Goliaths vs. Goliaths
Though the top three sellers of variable annuities extended their grip on the U.S. market through the first nine months of 2010, smaller-share players have become more aggressive in order to compete.
AIG ‘shouldn’t exist,’ says former chairman
No strategic fit between insurer's two main units, Golub insists; sees carrier eventually being broken apart
Older individuals pay more for new LTC policies: Study
Roughly 76% of individuals under 61 who purchased long-term-care insurance during the first half of 2010 will pay less than $2,500 a year, according to a study released today by the American Association for Long-Term Care Insurance.
Morningstar’s tale of two data displays
Morningstar Inc. may consider reviewing the way it displays information to financial advisers and their clients about returns on variable annuity subaccounts.
Morningstar VA data: A tale of two displays
Morningstar Inc. may consider reviewing the way it displays information to advisers and their clients about returns on variable annuity subaccounts.
Deficit panel’s ‘zero plan’ could do a number on insurers, advisers
Preferential tax treatment for retirement programs and insurance products are threatened in a draft proposal from the chairmen of the national deficit commission, according to advocates.
Insurers eye new Congress’ tax agenda
Changes in the leadership of key committees — and in control of a number of statehouses — mean…
Sun Life introduces two income benefits
Sun Life Financial Inc. today released two income benefits.
401(k) advisers ready for new regulations
The Labor Department this month is expected to introduce its final rule on how retirement plan sponsors will be required to disclose plan fees to participants.
Aviva fixed-annuity shift could trigger a trend
Aviva USA last week rolled out a series of changes to its fixed-annuity lineup, including reductions on agents' commissions and the discontinuation of one of its income riders.
Ameriprise bails on outside sales of RiverSource
Ameriprise Financial Inc. has cut off outside broker-dealers from selling its RiverSource variable annuity, limiting sales to Ameriprise registered representatives.
Prudential hooks up with Edward Jones to launch A-share VA
Prudential Financial Inc. is teaming up with Edward D. Jones & Co. LP to create a new A-share variable annuity. The insurer expects to submit a filing for the product in the next 30 to 60 days.
Insurers’ closing of VA funds rubs advisers the wrong way
Pruning investment options limits their ability to put clients in the best funds, reps say