New York Life Insurance Co. has revamped its sales team to make it easier for its wholesalers to sell an array of products to financial advisers — including annuities, mutual funds and guaranteed-income products.
While women take the lead role in households in preparing children for college academically, many still leave the financial planning process in the hands of their spouses, according to a survey released this week by OppenheimerFunds Inc.
New York Life Insurance Co.'s life insurance sales broke records over the first nine months of 2009, the insurer reported today.
Caterpillar Inc.'s announcement last week that it has reached a tentative settlement over the fees it charged its 401(k) plan participants may be bad news for plan sponsors, their advisers and mutual fund companies.
The John Hancock Financial Network has released a succession-planning platform for its financial representatives.
Life insurers are still strong in the wake of the financial crisis, insurance experts said yesterday at a life settlement industry conference.
New York Life Insurance Co. has revamped its sales team to make it easier for its wholesalers to sell an array of products to advisers — including annuities, mutual funds and guaranteed income products.
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
A key state insurance figure has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
Milliman Inc. is in discussions with a number of mutual fund companies, insurers and 401(k) plan sponsors to launch a guaranteed income product that would be backed by a pool of insurers.
The lousy economy hasn't been bad for everyone.
After a series of ratings downgrades this year halted sales of its life insurance and annuity products by major outside distributors, The Phoenix Cos. Inc. has created a distribution company of its own, Saybrus Partners Inc., and has struck a consulting agreement with Edward D. Jones & Co. LP.
More than twice the number of target date funds have liquidated this year than in all of 2008, indicating how difficult it is for asset managers unaffiliated with 401(k) record keepers to build assets in such funds.
AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.
CashEdge Inc. is now making its AllData Advisor account aggregation service available to financial advisers via a self-service online subscription.
Life insurance producer advocacy groups celebrated the House Financial Services Committee's approval yesterday of the proposed Investor Protection Act, but stressed the bill still doesn't go far enough in protecting commissioned-based insurance sales agents.
Allianz Life Insurance Company of North America is pulling its stand-alone long-term-care insurance product off the shelves, effective Nov. 13.
The Phoenix Cos. Inc., following a series of ratings downgrades earlier this year that halted sales of its life insurance and annuity products by major outside distributors, today announced the creation of a distribution company, Saybrus Partners Inc., and a consulting agreement with Edward Jones & Co. LP.
A panel of life insurance company chief executives last week assessed how the industry has dealt with the financial crisis, debating the merits of mutual companies versus stock companies.
