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Hey, tell me about annuities
Clients are asking about annuities — and they’re doing it without any prompting from their financial advisers.
Hartford deals individual-life unit to Prudential as sell-off continues
Pru to pay $615 million in cash for 700,000 life insurance contracts
Advisers irked as Pru locks vintage VAs
Prudential Financial Inc.'s decision to cut off contributions into a slate of older variable annuities with attractive benefits has raised the ire of financial advisers, this time because they were given so little time to add money to the contracts.
Pru pulls plug on another long-term-care product
Bows out of group LTC insurance; halted sales of individual coverage in March
Prudential could get too big to fail tag
Prudential Financial Inc. (PRU), the second-largest U.S. life insurer, is in the last stage of a regulatory review…
LTC insurance a better deal for women
Long-term-care insurance often is a better investment for women than men because they live longer and more often…
Health of long-term-care insurance business questionable: Moody’s
The outlook for the LTCI business is not good. The reason? Partly, the unexpectedly large tabs being rung up by existing policyholders.
ING sends incorrect statements to 75,000 VA customers
Thousands of clients who own an ING Groep NV variable annuity received incorrect third-quarter statements this month.
MetLife to run money for institutional investors
MetLife Inc., the largest U.S. life insurer, will add asset management for institutional investors as part of chief…
Jackson ‘slap’ as firm cuts VA features
Advisers not thrilled by short deadline on variable annuity pullback
LTC a risky business for insurers
The inexorable rise in health care costs and worries about increasing longevity have caused consumers and advisers to…
Genworth cuts ‘humbled’ CEO’s bonus as insurer misses targets
Genworth Financial Inc. cut Chairman and Chief Executive Officer Michael Fraizer's annual bonus to a third of his target as the life insurer and mortgage guarantor failed to meet its goals.
Pre-holiday bombshell: Pru locks vintage VAs
Advisers are still fuming about the last-minute notice they received from Prudential informing them of a lock down of several popular annuities.
MetLife to bar new additions to VAs with old income riders
Changes keep coming in the variable annuity space, as MetLife Inc. will stop taking additional contributions to VAs with legacy living and death benefits next Monday.
Study says VA opportunities remain for lower-profile carriers
Though variable annuity sales continue to be dominated by a few big companies, lower-profile carriers may seek opportunities in product innovation and new distribution channels.
Vets’ annuities draw scrutiny
The latest trend in elder abuse — unsuitable annuities that “help” low-income veterans claim pensions — is highlighting…
Allianz bumps rates on Income Protector
Allianz Life Insurance Co. of North America is raising the roll-up rate on its Income Protector variable annuity…
Advisers tread lightly when talking with clients about LTC
Financial pressures weighing down the long-term-care insurance industry are forcing advisers to broach the touchy subject of higher…
Something new to insure against: Longevity
Amid all the cooling in the annuity development industry, one area is picking up steam: deferred-income annuities, or…
The Hartford makes 180-degree turn with reorganization
The recession has forced a makeover of sorts at The Hartford Financial Services Group Inc., where financial advisers…
