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Allianz Life’s MasterDex X still top of the indexed-annuity heap
Sales of the popular indexed annuity helped Allianz maintain its place as the top seller of IAs.
Allianz puts kibosh on LTC product
Allianz Life Insurance Company of North America is pulling its stand-alone long-term-care insurance product off the shelves, effective Friday, according to an announcement the company made internally and to its distribution partners.
Allianz to delist from NYSE, other exchanges
German insurer Allianz SE said Tuesday it will abandon its listing on the New York Stock Exchange, and…
Banks get a boost from annuities, with Wells Fargo leading the way
Fee income from annuity sales climbed at bank holding companies during the first three quarters of 2009, according to data from Michael White Associates LLC.
In a first, influential legislator looks to preserve secondary market for death benefits
Kentucky state rep – and head of national group of legislators – introduces bill that would preserve right to resell benefits
Nationwide to pay $2.1M in variable annuity settlement
Nationwide Life Insurance Co. has reached a $2.1 million settlement with five state insurance regulators over nine-year-old claims involving allegedly unsuitable variable annuity sales. The five states are California, Kansas, Minnesota, Missouri and Wisconsin.
Crandall promoted to CEO at MassMutual
Roger W. Crandall was named CEO of Massachusetts Mutual Life Insurance, effective Jan. 1, confirmed MassMutual spokesman Mark Cybulski.
MassMutual shuts down its retirement income unit
Almost five years after Massachusetts Mutual Life Insurance Co. entered the retirement income market, the firm has shut…
MassMutual’s field force hits milestone
MassMutual on Wednesday announced that its field force has grown to more than 5,000 representatives, a record level for the 158-year-old insurer.
MassMutual sues alleged Ponzi schemer over life insurance
Massachusetts Mutual Life Insurance Co. has taken alleged Ponzi schemer Scott Rothstein to court in an attempt to rescind a $15 million life insurance policy.
Slimmer variable annuities attract thin following
Despite the market's lukewarm reception to John Hancock's slimmed-down variable annuity, other insurers continue to introduce competing products aimed at financial advisers who have usually sidestepped such VAs.
ING to sell stripped-down VA with stripped-down commission
ING plans to replace its traditional variable annuity offering with a simplified VA product that comes with a scaled-back commission.
Guggenheim adds to collection
Guggenheim Partners LLC, an investment firm founded by the famous family for which it is named, said last week that it is acquiring Security Benefit Corp. — and with it Rydex SGI.
Spotlight on VAs
The humble variable annuity is gaining in popularity
The last laugh
For most investors, not having access to their money is a drawback.
Will ramped-up annuities come back to bite insurers – again?
Nationwide Financial Services Inc. yesterday bumped up its variable annuity living benefits, signaling a return — for some carriers — to the generous benefits that backfired on insurers when the stock market imploded in 2008.
Market rally cuts into sales of fixed annuities in 1Q
First-quarter fixed-annuity sales in the U.S. were down 52% from the year-ago period, falling to an estimated $16.7 billion.
Life insurers facing annuity squeeze
A period of fierce competition to build annuity premiums awaits life insurers as they contend with industry consolidation and the difficulties of standing out from rivals
What advisers really think of income annuities
Hint: they think the retirement products attract customers who are frightened by the market
Accounting changes plumped up insurers’ capital ratios
Life insurers, whose capital buffers shrank during 2008's downturn, emerged from 2009 with a rebound in capital. The reasons? Regulatory changes and a climbing equities market, according to Moody's
