The number of carriers on its RIA custodial platform increased to 20 from seven and the number of fee-based products rose to 70.
The insurer recently won a long-running case brought by several brokers, though it is fighting several other suits from broker-dealers.
While it's simple to choose annuity providers based on price and payout rates, those costs and rates can change frequently, so the best options today might not be as good in several years, a new report concludes.
Advisers can utilize cutting-edge financial planning tools to help ease clients' concerns by showing them how they can save to cover medical expenses during retirement.
Unloading the business could bring in more than $2 billion, as CEO Charles Lowrey executes a three-year strategy to transform the business.
The pandemic has driven substantial divergence between innovative health care companies and those that have lost market share because of failing to address demands created by the spread of the virus.
Luma aims to get a broader set of advisers to engage with annuities with access to the Cannex database and annuity-focused tools.
Recently, Nebraska, Idaho and North Dakota passed rules matching NAIC’s standard, joining other states on the roster: Arkansas, Arizona, Delaware, Iowa, Michigan and Rhode Island.
The trade group says its members could save as much as 50% over the cost of health coverage on the open market.
We can learn from the last year and look back on it as a catalyst to achieve long-term, sustainable and far-reaching positive change.
Data from InvestmentNews Research and an annuities webcast show that more advisers are interested in the products.
Not having a retirement income solution within a DC plan is like having the pilots on a commercial flight parachute off midflight, forcing passengers to land the plane.
Annuities are one of the leading recommendations for near retirees who are concerned about running out of money. But they are also poorly understood by many consumers, and that puts people at risk for being sold inappropriate products in amounts that represent an outsize proportion of their savings.
Fuller, who had been executive vice president of Lincoln Group, succeeds Mark Mullin, who becomes board chairman.
There are various factors beyond Covid infections to consider, some of which could have a positive effect on life expectancy, and other that could take away from it, according to a recent report published by longevity-risk consulting firm Club Vita.
The insurer also led in variable annuity sales last year, while New York Life sold the most fixed annuities.
Annuities are an answer to one of the most vexing worries that Americans face – outliving their money in retirement, IRI leaders said. But a critic countered that the products need to come with more investor protections.
HSAs now hold more than $82 billion in assets, Devenir survey finds.
Retirees in the pension plan of Philips North America will receive the same monthly benefit.
The activist investor reportedly is pushing Principal to focus more on its wealth management operations and less on the life insurance business.
