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Labor chief wants to add annuities to 401(k) mix
Encouraging employers to offer annuities in pension plans will be one of the Labor Department's top regulatory goals in 2010.
Insurers dead set against life settlement securitization
The American Council of Life Insurers is asking policymakers to bar the securitization of life settlements.
HSAs a health care reform winner?
HSA deposits are expected to top $14 billion in assets this year, up from $1 billion in 2006
Advisers weigh benefits of new VA products
Now that the days of generous variable annuities are behind them, some advisers are finding ways to fit the revamped, slimmed-down versions into clients' portfolios.
Saybrus Partners’ Brian Laubacker joins The Hartford
Brian Laubacker has joined The Hartford Financial Services Group Inc. Mr. Laubacker will serve as a regional vice president of sales in the western U.S. for The Hartford's individual life insurance division.
Hartford set to launch new independent agent program
The Hartford Financial Services Group Inc. has begun recruiting independent insurance agents to sell fixed life insurance products while retaining their own autonomy.
Former Allianz Life chief blasts Hartford’s hiring of Liam McGee as new CEO
Bob MacDonald, the former chief executive of Allianz Life Insurance Co. of North America, has upbraided The Hartford Financial Services Group Inc. for selecting Liam McGee as its new chief executive, calling the decision “outsourcing taken to a new and more dangerous level.”
PFS reps stand to pick up stock awards from Primerica IPO
Five millions shares allotted to workers, including officers and sales force leaders
NAIFA names Waters permanent CEO
Industry group for insurance and financial advisers gives acting CEO the job on a permanent basis
Health-care cost now up to $20.50 an hour at home
While the national average cost of home health care increased last year, expenses vary from city to city.
Insurance regulators eye stranger-originated annuity sales
The National Association of Insurance Commissioners plans to look into legitimacy of third-party originated annuity transactions
Fixed-annuity sales down in 4Q and full-year 2009
Fixed-annuity sales slid in the fourth quarter and dropped off slightly for the full year of 2009.
Variable annuities sales leaders
Top 25 issuers by third-quarter 2009 sales, $ in millions Click column headers to…
Variable annuities asset leaders
Top 25 issuers by net assets, $ in billions, as of Sept. 30 Click…
Fixed annuity sales slid in ’09
Fixed annuity sales slid in the fourth quarter of 2009 — and dropped off slightly for the full year.
Insurance regulators to examine controversial death benefit scheme
The hearing will concentrate on the practice of baiting seniors and terminally ill people to act as insured lives on an annuity purchase, with the death benefit going toward a third-party investor or an intermediary.
Insurers target new channels to help boost VA sales
Insurance companies are scoping out new distribution channels for variable annuities. Managed-money programs and 401(k) plans top the list of targets.
Bank sales of annuities hit record low in January
Monthly sales of bank annuities have been declining steadily since climbing to a 2009 high last March.
Genworth launches another hybrid annuity
Genworth's Total Living Coverage Annuity can also be covered through a tax-free 1035 exchange out of an old annuity or life insurance product.
Advisers can use reform to reach out to clients who own small businesses
A number of financial advisers are using the health care reform legislation passed last week as an opportunity to reach out to clients and review their investment portfolios.