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Axa latest insurer to yank generous VA options
Axa is the latest insurer to drop aggressive VA investment options, moving customers into funds that are less volatile. The shift will affect some 500,000 policies.
The case for fixed-income annuities
So far this year, somewhere around $34 billion worth of fixed-income annuities has found its way into Americans' retirement portfolios. Though that's well below the $80 billion in variable annuities purchased, the gap is closing. And there is good reason to think it will close further.
Guggenheim's Security Benefit Life climbs among top fixed-annuity players
Hot third-quarter indexed-annuity sales help propel industry, PE-backed insurers show staying power
Advisers not very confident on their annuity know-how
Morningstar research shows that advisers prefer systematic withdrawals in retirement; lack confidence in their annuity know-how.
Mutual insurers ramp up development of deferred-income annuities
Amid all the cooling in the annuity development space, one area is picking up steam: deferred-income annuities, or longevity insurance.On Monday, Northwestern Mutual Life Insurance Co. announced the release of its Select Portfolio Deferred Income Annuity. Two weeks before that, Massachusetts Mutual
GM follows in Ford's tracks, offers lump sum to retirees
Apparently, as Ford Motor goes, so goes GM.General Motors Co. on Friday announced plans to cut its pension obligation by $26 billion by offering lump-sum payments to about 42,000 white-collar retirees. The nation's largest automaker is also shifting the balance of its plan to Prudential Insurance
With VA bennies being jettisoned, customers hop on indexed annuities
Search for guaranteed income boosts sales; rising stock market fails to lift VAs
Ratings upgrade a real benefit to Security Benefit, says insurer's boss
Kiley says A rating will boost distribution of annuities; carrier's premiums already on the rise
'Transformative events' shape client's financial thinking, survey finds
Upper-middle class more worried about life's big moments than the next 12 months
Why hanging on to your older fixed annuity is a solid bet
Older fixed annuities, ones that hold 3% guaranteed minimum rates, are looking pretty attractive right now
Guggenheim scoops up insurer to build fixed indexed annuities
Guggenheim Partners LLC is ramping up its presence in the fixed-indexed-annuity realm with the purchase of an insurer
Variable annuity players join the fixed indexed annuity fray
Carriers that have been stalwarts in the variable annuity industry are trying their hand at manufacturing and selling fixed indexed annuities.
Fixed and indexed annuity sales crept upward during 2Q
Sales of indexed annuities surged to $8.4 billion, growing 18% from the first quarter. Meanwhile, income annuities climbed 30% to $2.3 billion during the same period.
Ratings aside, new Security Benefit CEO aims for stronger retirement product presence
Insurance and investment veteran Michael Kiley, who will take the helm of Security Benefit Corp. on Sept. 30, is setting his expectations high.
Iowa to shed light on sources of insurance funding
In a move that could affect the sales of securities and insurance in the state, Iowa's insurance regulator this week is expected to issue guidance on how far insurance agents and brokers can go in advising clients on the suitable sources of funds for insurance products
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Mary Beth Franklin, InvestmentNews
Davis D. Janowski, InvestmentNews