Putnam Investments ceo Bob Reynolds today called for the establishment of a regulatory body to approve lifetime-income products.
Oklahoma State University's athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed charitable-insurance-funding plan.
Guggenheim Partners LLC is ramping up its presence in the fixed-indexed-annuity realm with the purchase of an insurer
When a 74-year-old client visited Ellen R. Siegel six years ago with news of an upcoming 12% rate increase on the premium of her long-term-care insurance, the adviser knew she had to navigate the potential benefit cuts with the precision of a surgeon.
Will make lump-sum payment the default option; policyholders must opt in for retained-asset accounts
A federal court decision in Pennsylvania has notched a win for life settlement investors.
Sales of insurance — as well as investment products — tends to attract more profitable customers; big edge in trust over brokerages
MetLIfe, Axa curbs on clients' VA additions a way to rein in market exposure amid tough economy
In a bid to appeal to fee-based and fee-only financial advisers, life insurers are resurrecting a once-forgotten product intended to generate a steady stream of retirement income outside the VA arena.
Life Partners accused of misleading shareholders about mortality estimates; securities or not?
Slowly but surely, fee-based and fee-only advisers are beginning to warm up to variable annuities.
But ex-broker refutes claim, says clients performed their own due diligence
Agreement requires insurer to step up cross referencing to locate unpaid beneficiaries
In a speech delivered to a group of private investors on Feb. 15, Robert Rodriguez, managing partner and CEO of First Pacific Advisors, warned of ongoing market instability if the federal government doesn't make “credible and material fiscal reforms” by the end of 2013.
Out-of-pocket costs on drugs and medical insurance are the second-most-costly item for older folks.
Brokerage rolling out low-cost variable annuities for RIAs; direct sales to consumers the endgame
Sammons to launch new product with large investment menu; hawking the tax benefits, not the living benefits
