The CLASS Act, which sets up a government-run insurance program, survived the tortuous health-care debate in Congress. But experts can't predict how — or if — the controversial program will work
Participants in 401(k) plans do not want the government to require them to convert a portion of their 401(k) assets to annuities, according to the results of a survey of about 3,000 households released today by the Investment Company Institute.
Federal regulations and legislation that would make it easier for defined-contribution plans to include lifetime-income products are expected to be introduced next year.
Encouraging employers to offer annuities in pension plans will be one of the Labor Department's top regulatory goals in 2010.
The American Council of Life Insurers is asking policymakers to bar the securitization of life settlements.
HSA deposits are expected to top $14 billion in assets this year, up from $1 billion in 2006
Now that the days of generous variable annuities are behind them, some advisers are finding ways to fit the revamped, slimmed-down versions into clients' portfolios.
Brian Laubacker has joined The Hartford Financial Services Group Inc. Mr. Laubacker will serve as a regional vice president of sales in the western U.S. for The Hartford's individual life insurance division.
The Hartford Financial Services Group Inc. has begun recruiting independent insurance agents to sell fixed life insurance products while retaining their own autonomy.
Bob MacDonald, the former chief executive of Allianz Life Insurance Co. of North America, has upbraided The Hartford Financial Services Group Inc. for selecting Liam McGee as its new chief executive, calling the decision “outsourcing taken to a new and more dangerous level.”
Five millions shares allotted to workers, including officers and sales force leaders
Industry group for insurance and financial advisers gives acting CEO the job on a permanent basis
While the national average cost of home health care increased last year, expenses vary from city to city.
The National Association of Insurance Commissioners plans to look into legitimacy of third-party originated annuity transactions
Fixed-annuity sales slid in the fourth quarter and dropped off slightly for the full year of 2009.
Fixed annuity sales slid in the fourth quarter of 2009 — and dropped off slightly for the full year.
The hearing will concentrate on the practice of baiting seniors and terminally ill people to act as insured lives on an annuity purchase, with the death benefit going toward a third-party investor or an intermediary.
Insurance companies are scoping out new distribution channels for variable annuities. Managed-money programs and 401(k) plans top the list of targets.
