That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.
Great American Insurance is accused of submitting a false insurance premium quote.
Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.
Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.
After an outcry from member B-D firms, FINRA proposed pushing back a section of the rule to Aug. 4.
Jackson National Life Insurance Co. today added a pair of new portfolios to its retail mutual fund lineup.
Catherine J. Weatherford, executive vice president and chief executive officer, will earn $370,000.
The insurance company's president and chief executive, Michael G. Cherkasky, will step down.
America’s Health Insurance Plans today unveiled a proposal to provide health insurance coverage to more people.
America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.
That’s a 15.3% gain from the same period last year, when net assets for variable annuities were $1.3 trillion.
The products give “windows of opportunity” to withdraw from the policy without incurring surrender charges.
Aon's Combined Insurance will be sold to ACE for $2.4 billion and Munich Re is buying its Sterling unit for $352 million.
Elder-law attorneys are concerned that the new year will bring new rules in a number of states regarding how — and if — immediate annuities can work with Medicaid eligibility and planning.
The mind-set of clients presents a significant stumbling block to advisers who recommend annuities as a retirement-planning tool.
The insurance trade groups will join under the umbrella of LL Global but each will keep its name.
The Hartford announced today that it is purchasing Boston-based Sun Life Retirement Services Inc.
A 37-year veteran of the life insurance industry, Daniel J. Toran, 59, spent 12 years with the Horsham, Pa.-based company.
The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.
