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3Q sales of fixed indexed annuities hit record $8.7B
A combination of equity market volatility and slumping interest rates pushed sales of fixed indexed annuities in the third quarter to a new high, according to data from LIMRA and AnnuitySpecs.com.
Insurers are upping VA withdrawal benefits
Generous withdrawal benefits for variable annuities — albeit with limits — continued their comeback in the third quarter, according to a report from Ernst & Young.
Variable annuities finally outselling fixed annuities in banks
First time in three years; MassMutual's RetireEase top seller in third quarter
Sales of fixed indexed annuities hits new high
A combination of equity market volatility and slumping interest rates pushed sales of fixed indexed annuities in the third quarter to a new high, according to data from LIMRA and AnnuitySpecs.com.
Insurers eye new Congress’ tax agenda
Nervously await Deficit Commission report on the inside build-up of insurance products
MetLife’s exit from LTC a positive for carrier: Moody’s
MetLife Inc.'s decision to stop writing new long-term-care insurance should be viewed as a positive event, according to Moody's Investor Services.
Survey reveals top retirement concern of Americans
Affording health care during retirement remains the No. 1 concern of working Americans, according to a new survey from Edward Jones.
Moody’s downgrades John Hancock Life on LTC worries
Moody's Investors Service late yesterday downgraded John Hancock Life Insurance Co. (USA)'s insurance financial strength ratings, citing problems in the carrier's long-term-care insurance business.
Insurers rethink fixed-annuity businesses
A one-two punch of tougher annuity regulations and low interest rates will continue to force insurers to rethink their fixed-annuity operations — and push some out of the market altogether — experts predict
Insurance pros pitch annuities as antidote to market downturns
After seeing their retirement savings devastated by the financial crisis, Americans may be more open to annuities as a way to ensure an income stream and protect against market downturns, according to an insurance industry leader.
New regs forcing ‘401(k) dabblers’ out of market: Expert
Tougher regulation in the 401(k) marketplace is driving “401(k) dabblers” out of the plan advisory business, according to an industry executive.
Universal’s joint problem: Low interest and lapse rates
Earnings reports for life insurers reveal a possible threat to future profitability: old books of universal life business.
Gauging clients’ need for insurance beyond the house and car
Clients know that it is necessary to buy homeowners insurance and car insurance, but too many leave it at that
Advisers face soaring health coverage costs
Escalating medical costs and increased expenses associated with the health care reform law are driving double-digit increases in health insurance premiums at many financial advisory firms
Transamerica to cease sales of fixed annuities via insurance brokers
Transamerica/Aegon has announced it will cease sales of fixed annuities through insurance brokers, starting Jan. 1.
B-Ds countersue insurers in clash over stranger-originated annuities
Tangle stems from estate planner's alleged scheme to profit from deaths of annuitants
IRI to launch ‘painless’ annuity training platform
Investment advisers will be able to visit one website for the annuity-sales training required under a new suitability standard issued by regulators.
Retirement leaders push for lifetime-income options in 401(k)s
Retirement industry leaders today pressed officials from the Labor and Treasury departments to ensure that any future “safe-harbor” rules for annuities in 401(k) plans also include other lifetime-income options.
401(k) advisers don’t see annuities as income solution
While retirement industry leaders last week pressed officials from the Labor and Treasury departments to make it easier to include annuities in 401(k) plans, many investment firms and advisers said they aren't pinning their hopes on the annuity proposal and are looking for income solutions that don't involve insurance.
Tax fears spell opportunity for insurance agents
With higher tax rates likely in the future, the insurance industry is seizing the moment to win business…