New York Life Insurance Co.
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Slow 2012 for VA sales as costs climb, insurers leave the space
After strong growth in 2010 and 2011, VA sales are expected to slow as products become less attractive, guaranteed-withdrawal percentages slide and fees continue to skyrocket.
New York Life splits life insurance, investment operations
Annuities to be slotted under the latter; retirement income boss Chris Blunt to oversee insurance
Ratings drop for U.S. won't hurt insurers, Moody's says
Four major life insurers with pristine Aaa ratings are likely to hold on to their status, provided that the United States' government bond rating doesn't fall by more than one rung
Triple-A rated insurers can handle a mild downgrade of U.S. debt
The ratings of four major life insurers with pristine Aaa ratings are likely to hold steady, provided the U.S.'s government bond rating doesn't fall by more than one rung.
Financial advisers, insurers hail GAO plug for immediate annuities
"A SIGNPOST' MORE MARKETING FULL PLATE Although encouraged by the results of a recent Government Accountability Office study that effectively endorses immediate annuities as a supplement to Social Security, financial advisers and insurers don't think that the GAO's imprimatur will lead to an
California insurance czar probes 10 insurers over lapsed policies
A slate of major life insurers — the 10 largest doing business in California — are under investigation for the way they handle dormant life insurance policies
Probe widens, as California examines how 10 life insurers handle dormant policies
The ten largest life insurers doing business in California are under the microscope over the way they handle dormant life insurance policies.
Insurers getting plenty of mileage out of LTC hybrids
Combination life and long-term care polices are gaining serious traction in the marketplace. One for-instance: Sales for Lincoln National's MoneyGuard are up 62 percent over the past year.
N.Y. Life to release longevity annuity product
Worried about outlasting your savings? Worry no more; N.Y. Life has you covered
Financial firms help Japan
Financial services firms — many with operations in Japan — are opening their corporate pockets in response to the country's disasters
NY Life taps new CIO
New York Life Insurance Co. said today that John Kim, president and chief executive of the company's investment management arm, will become chief investment officer at the end of the year.
Big insurers launching fee-based annuities
In an attempt to appeal to dually registered advisers, major life insurers are launching fee-based annuities.
Donald Salama tapped for new role at New York Life Investment Management
Donald Salama was named chief strategy officer at New York Life Investment Management, effective Feb. 15. The position is new. Mr. Salama was head of New York Life Retirement Plan Services, which provides investment management and other retirement services to defined benefit and defined
Banks' annuity fee income rose, FA sales fell in "09 3Q
Fee income from annuity sales climbed at bank holding companies during the first three quarters of 2009, but sales of fixed annuities in the bank channel slipped, according to two separate studies released last week.
Sales of fixed annuities trail off in the third quarter
Sales of fixed annuities fell during the third quarter to $21.9 billion, reflecting a decline of 21% from the year-ago period, according to data from Beacon Research.
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February 27, 2014