While some call the annuities 'odious' due to complexity, others believe they're more straightforward than other annuity products.
A number of factors — DOL fiduciary, low interest rates and longevity — are coming together in favor of annuities if certain impediments are eliminated.
Insurers are speeding up their closures of L-share products as regulators crack down, but are quickly introducing new fee-based contracts.
In a recent letter, the Labor Department said target date funds using annuities may be a prudent default investment option for employers.
If granted, the change would make it easier for some indexed annuity distributors to sell commission products under the Labor Department regulation.
Many advisers think E&O is enough, but these policies target the wayward web.
Communicating the right way can help solve under-performance problems caused by both performance downgrades and cost increases.
With most versions of the plans aimed at replacing Obamacare including higher deductibles and out-of-pocket expenses, HSAs could represent a tradeoff in terms of costs.
Some indexed annuity distributors are poised to get a shot in the arm from the proposal, which would make it easier for independent agents to sell the annuities under the rule.
The Massachusetts senator and Rep. Elijah Cummings have asked the insurance company's CEO for information on sales of term life insurance through Wells Fargo.
Regulator says new type of VA is highly complex and uses structured products — not mutual funds — in the sub account as the underlying investment.
The emergence of several "exotic" indices within indexed annuity contracts have arguably made these products more complex than they need to be.
Plaintiffs allege wrongful termination after urging their employer, Prudential, to take action over seemingly fraudulent sales of life insurance policies by Wells Fargo's retail bank.
Clients are too often being presented with comparisons of hypothetical values for the in-force policy versus some sales proposal/illustration.
Strategists at Matthews Asia believe turbulent times could be ahead.
While some bond strategies are eking out a modest return, a shift in thought toward taking distributions from a total return portfolio broadens advisers' options.
In addition, Voya Financial and four Cetera Group firms will pay customers $6.3 million in restitution.
Regulator said reps were incentivized to sell firm's annuities and discouraged from selling non-proprietary products.
Variable annuity sales are headed for their lowest annual sales total in nearly two decades, as broker-dealers embrace indexed annuities and the DOL fiduciary rule looms.
"Macroeconomic trends" led Hancock to ditch new policy sales, in the latest example of an LTC market beleaguered by negative consumer perception and low interest rates.
