Group launches lobbying plan to protect deferrals; 'threat is nonpartisan'
Number of companies that offer medical coverage for former workers dwindling
Pru to pay $615 million in cash for 700,000 life insurance contracts
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.
Bows out of group LTC insurance; halted sales of individual coverage in March
The outlook for the LTCI business is not good. The reason? Partly, the unexpectedly large tabs being rung up by existing policyholders.
Advisers not thrilled by short deadline on variable annuity pullback
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.
Advisers are still fuming about the last-minute notice they received from Prudential informing them of a lock down of several popular annuities.
