Results for "lincoln national corp"

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Transamerica pays $195 million to settle lawsuit over universal life insurance

October 4, 2018

Transamerica Life Insurance Co. will pay $195 million to settle a class-action lawsuit alleging the company improperly increased the monthly charges on 70,000 universal life insurance policies. According to Harvey Rosenfield, an attorney with...

Universal life insurance lawsuits underscore product risk

September 19, 2018

Lawsuits filed against insurers in recent years for their practices around universal life insurance policies highlight the risks these products can pose to unwary financial advisers and clients. Transamerica Life Insurance Co., AXA Equitable...

Amid DOL fiduciary rule doom and gloom, some take opportunistic tack

November 4, 2016

Amid the outpouring of dour forecasts, grim analysis and outright confusion about the impact of the Labor Department's fiduciary rule among stakeholders in the financial services industry, some product providers see a silver lining. Executives...

MoneyGuidePro creator releases DOL fiduciary-focused software

July 21, 2016

PIEtech, the creator of financial planning software MoneyGuidePro, has built a tool to see how well clients' portfolios are aligned with their best interests, including retirement goals and concerns, insurance needs, and health-care costs. With...

Broker-dealers eye level commissions to reduce risk under DOL fiduciary rule

July 11, 2016

Broker-dealer executives are strongly considering a strategy whereby investment products with similar characteristics would have the same commission schedule as a way to reduce risk under a new Labor Department rule that raises investment advice...

Insurance-based broker-dealers plan to use BICE under DOL fiduciary rule

July 7, 2016

Insurance companies with affiliated broker-dealer networks are slowly coming out of their hibernation phase that followed release of the Labor Department's final fiduciary rule in early April, with some announcing plans to comply with portions...

The DOL fiduciary rule could push these firms' variable annuity sales even lower

March 31, 2016

Many of the top variable annuity companies saw sales figures drop off last year, and the pain is only expected to continue, or even accelerate, this year given the Labor Department's looming fiduciary rule, market volatility and cannibalization...

MetLife launches first longevity annuity for individual clients' retirement accounts

July 20, 2015

MetLife Inc. on Monday unveiled its first longevity annuity for individuals' retirement accounts, becoming the latest firm to seize on new rules allowing plan beneficiaries to use insurance products that defer income distributions far longer...

Broker-dealers face administrative hurdles in rollout of QLAC annuity

May 13, 2015

Qualified longevity annuity contracts are the latest “it” product for life insurers, but broker-dealers are running into hitches when rolling out the annuities onto their platforms. Annuity nerds will remember that last summer the Treasury...

Raft of new annuity products has broker-dealers scrambling to train reps

February 22, 2015

A raft of new offerings and changing needs for retirement income are spurring broker-dealers to tweak their product training seminars for advisers. It wasn't that long ago that variable annuities were a favorite among representatives. Clients...

Jackson National's variable annuity sales suspensions pay off

December 1, 2014

For Jackson National Life Insurance Co. and the reps who sell its variable annuities, patience during year-end variable annuity sales suspensions has paid off. By now, advisers know that the carrier has blocked off sales for the richest version...

New rules for annuities and target date funds inspire products race

October 30, 2014

Retirement plan service providers are revving up their product development engines now that the Treasury and Labor departments are paving the way for annuities to be paired with target date funds in 401(k) plans. Plan service providers have...

No big price increases for Lincoln National annuities

September 29, 2014

Good news is ahead for customers and advisers who use Lincoln National Corp.'s annuities: CEO Dennis Glass doesn't anticipate significant price increases for clients, and some price reductions may be coming up in the next couple of years. Mr....

Jackson National extends variable annuity lead

August 19, 2014

Jackson National Life, owned by UK-based Prudential Plc, extended its lead in U.S. variable annuity sales at its unit as rivals scaled back. Jackson sold $12.7 billion of the retirement contracts in the first six months of 2014, an increase...

MetLIfe: Doubling-down annuity sellers lack clarity, risk

December 17, 2013

MetLife Inc., the insurer reducing variable annuity sales by more than half, said rivals that are expanding are probably retaining less funds to back the retirement products. “The companies that hold the lowest amount of capital against their...

Third quarter lifts insurers' VA businesses

November 18, 2013

The markets have been kind to investors in variable annuities during the third quarter, which means that they have been even more generous to the insurers that have sold the products in the first place. Equity markets have surged through the...

Lincoln National: Variable annuity sales are up, and there's still room to grow

October 31, 2013

Some good news for fans of Lincoln National Corp.'s variable annuities: The insurer still wants more of the business — within reason. Variable annuity deposits hit $3.4 billion during the third-quarter at the life insurer, reflecting a 56%...

Allianz Life to launch indexed annuity for B-Ds, wirehouses

October 11, 2013

Allianz Life Insurance Co. of North America is making a bigger push to get registered reps interested in indexed annuities as the carrier launches a line of products for broker-dealers and wirehouses. It plans to launch its Core Income 7 indexed...

Penn Mutual lays off team of wholesalers and relationship managers

October 4, 2013

The Penn Mutual Life Insurance Co., a burgeoning player in the variable annuity space, recently let go of a team of wholesalers and relationship managers. The carrier, which ended 2012 with just under $1 billion in sales, laid off seven regional...

When retirement products miss the mark

September 23, 2013

In the world of insurance and asset management, sometimes it doesn't pay to be the company with the most revolutionary product. Life insurance and fund family executives recounted their brushes with product failures at the Insured Retirement...

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