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Obama takes tax whack at insurers
Corporate-owned life insurance is on the chopping block as President Barack Obama releases his 2012 budget
Suit: Prudential made $500M off vets’ death-benefit money
Lawsuit claims insurer profited mightily off retained-asset accounts; lump-sum payment or not?
Pru’s pared-down VA has some advisers grumbling
Growth on protected value cut back; company cites low interest rates
Genworth bows out of variable annuity business
Genworth Financial Inc.is exiting the variable annuities market.
All for one
Bring on the fiduciary standard. In a recent InvestmentNews survey of almost 600 advisers, registered reps, financial planners, insurance agents and others, 69.2% said that they agree with the SEC's staff recommendation that any financial professional giving personalized investment advice be deemed a fiduciary
B-Ds sue insurers over coverage caps
Three independent broker-dealers are suing their respective insurance carriers for failing to cover investors' legal claims, with one charging that its insurer has exposed it to “financial ruin”
Edward Jones teeing up cheaper VA share class
Company says O shares won't have front-end load, making them cheaper than other contracts; will likely discourage exchanges
Tax credit could help some firms
A new health insurance tax credit could hit some small financial advisory firms in their sweet spot — but only if they fit a specific profile
Will insurers ape Aviva and peel back benefits on fixed annuities?
Carrier rejiggers pricing and products due to low interest rates; 'small window' for rivals
Warren Buffett: The worst stock I ‘ever bought’
Warren Buffett, who amassed the world's third-biggest personal fortune through decades of stock picks and takeovers, told CNBC his worst investment was the textile mill that gave its name to Berkshire Hathaway Inc.
Obama takes tax whack at insurers
President's budget would end break on corporate-owned insurance; dividends-received reduction also targeted
Prudential’s pared-down VA has some advisers grumbling
Prudential once again has pulled back on the living benefits in one of its most popular variable annuities
Other VA players may follow Genworth out door
Genworth Financial Inc.'s decision to leave the variable annuities business could herald more departures by other peripheral players this year.
Fidelity VA slow to catch on with fee-based advisers
Group still 'kicking the tires' on MetLife annuity; offering is popular with firm's reps, however
LPL expanding menu of fee-based VAs
LPL Financial soon will unveil to its representatives an expanded menu of fee-based VAs — a product that has proved unpopular among brokers so far.
Fears about inflation inflated, Gundlach says
Bond fund manager sees little risk of major price hikes; other experts agree
Skimpier living benefits could kill interest in VAs, advisers warn
Lack of investment choices also slammed; fee-based variable annuities the next step?
All-ETF variable annuity gives W&S a hedge edge: Moody’s
Western & Southern Financial Group Inc.'s decision to base its variable annuity investment options on exchange-traded funds is a positive for the insurer, allowing it to better manage market risk tied to the products, according to Moody's Investors Service.
Taking off the glitz
To make their variable annuities more attractive, insurers revved up living-benefit features last year
Another insurer bows out of LTC insurance sales
Does anyone want to write long-term-care insurance policies anymore?
