Even after 54% drop in VA sales over the last year, the carrier is optimistic about sales with new mix of products.
Comment letters show independent B-Ds want no part of it, while wirehouses are all for it.
Lincoln National's variable annuity deposits hit $3.4 billion at the life insurer during the third quarter, reflecting a 56% increase from the year-ago period, but execs want to shift more to contracts without living benefits.
Seven-week block applies only to products with guaranteed living benefits, not fixed and indexed annuities.
Annuities, individual municipal bonds and equities in the pharmaceutical sector hold good prospects for clients seeking retirement income.
They may not have money now, but executives say you should get ready for when they do.
Earning power needs to be factored in to all retirement plans
A New York regulator alleges that the insurer limited the returns of legacy variable annuity clients.
The SEC charged a pair of brokers, an investment adviser and others in an $80 million variable annuity scam that an SEC official called a "calculated fraud exploiting terminally ill patients."
The entirety of estates that are only 5% over the exemption are now subject to the tax. Some NYers are considering charitable gifts to winnow the size of their assets; others may move.
