Results for "annuities"

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Boomer assets draw Old Mutual to VA market

March 19, 2007

NEW YORK — A life insurer known mainly for its fixed annuities has thrown its hat into the variable annuity ring. Old Mutual Financial Network in Baltimore last month launched a no-frills VA product to which a guaranteed-withdrawal-and-death-...

Lifetime-guarantee annuities could end up biting insurers

February 26, 2007

CHICAGO — Industry leaders are concerned that insurance companies are taking on too much risk from annuities that offer guaranteed-withdrawal benefits for the life of the client. Financial services leaders worry that if baby boomers live longer...

Class action litigation looms as new hurdle for EIA insurers

February 26, 2007

NEW YORK — Add class action litigation to the regulatory controversies, bad press and other woes plaguing insurers that sell equity index annuities. A magistrate for the U.S. District Court for the District of Hawaii in Honolulu this month...

VA industry unveiling electronic processing

February 12, 2007

NEW YORK — A trade group for the variable annuity industry today announced a technology initiative intended to save time and money for VA distributors through streamlining and standardization. The initiative applies to fixed annuities in addition...

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