Fixed-annuity sales slid in the fourth quarter and dropped off slightly for the full year of 2009.
Fixed annuity sales slid in the fourth quarter of 2009 — and dropped off slightly for the full year.
The hearing will concentrate on the practice of baiting seniors and terminally ill people to act as insured lives on an annuity purchase, with the death benefit going toward a third-party investor or an intermediary.
Insurance companies are scoping out new distribution channels for variable annuities. Managed-money programs and 401(k) plans top the list of targets.
Genworth's Total Living Coverage Annuity can also be covered through a tax-free 1035 exchange out of an old annuity or life insurance product.
Move aimed at helping to open up a dialogue between high-income investors and their advisers
Funds also saw higher flows due to investors' improving confidence in the market, and target-date funds' popularity as a qualified default investment option in 401(k) plans
The American Council of Life Insurers today blasted a newly floated tax proposal on unearned income — part of a series of suggested changes to the Patient Protection and Affordable Care Act of 2009.
State insurance regulators Monday voted in favor of a proposal that would allow carriers to terminate an annuity living or death benefit if a client sold the contract over the secondary market.
Annual volume from life settlements transactions is expected to reach $13 billion in face value over the next three years, according to research from Aite Group LLC.
