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ING wins fixed-annuity deal as Allstate narrows focus
ING U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ceases to offer its own brand of the retirement products.
Fixed-annuity sales driven by frustration with low interest rates, thirst for income
Fixed-annuity sales in the third quarter reached their highest level since 2009, topping $22 billion. That number represents a 31% rise from the previous quarter and more than a 35% increase from the same period last year.
Bond market fears igniting interest in fixed annuities
The bond market's struggles have ignited investor interest in fixed annuities, though the products come with warnings, as insurers deal with the same rate pressure as bond owners.
Interest rate spike could whack VA sellers
Just as insurers are beginning to take comfort in strong stock markets and look ahead to rising interest rates, a new risk could bedevil their blocks of variable annuity business. Life insurers haven't really confronted the possibility of a dramatic spike in interest rates, which could lead to some
Dynasty branches out to the insurance side
New offering opens up access to insurance brokerages offering annuities, disability, long-term care.
The Takeaway: Gross' Total Return gets totally buzzed
On the (quick) reversion in S&P vs Treasury yields. ( Abnormal Returns ) Pimco Total Return has its worst monthly loss since September 2008. ( The Tell ) The Biz Remember when training on Wall Street was about mentorship and not salesmanship? ( The Big Picture ) RBC broker promised a couple that
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
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- New 3.8% surtax means new tax strategies for business owners
- Mountain of money in nontraded REITs continues to hold Wall Street's attention
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Blaine Aikin CEO, fi360
Timothy Welsh, CFP President and Founder, Nexus Strategy, LLC
Justin Wisz Co-Founder & CEO, Vestorly