New survey reveals how prudent planners go about reaching their retirement goals
Tumult on the variable annuity scene is dampening sales at broker-dealers, raising some concerns about the impact on revenue.
Insurer never recovered VA business it lost after the financial crisis
Prudential will stop selling long-term care policies citing 'challenging economics.'
Just when it seemed that the variable annuity industry couldn't handle more change, major sellers MetLife Inc. and Prudential Financial Inc. expect to roll out product updates this month, while The Hartford Financial Services Group Inc. is looking to reduce further its VA book of business.
Variable annuities up-and-comer hires wholesaler team
Understimate healthcare costs for clients and watch things unravel
Allegedly raked in big commissions by selling policies that greatly exaggerated applicants' net worth; faces 30 years in prison, forfeiture of Escalade
Some 40% of new flows are going in Guidance Portfolios, a packaged strategy; 'counter-correlated sleeve'
Genworth's chief investment officer Ronald Joelson, who oversees $75 billion in assets, is leaving to join Northwestern Mutual Life Insurance.
Buyer began receiving benefits at 46 — and has been filing claims for 15 years; 'not the lottery'
Pru the latest marquee carrier to exit from the individual LTCI business; last day for sales is March 30
Variable annuities aren't the great deal they used to be, what with insurers pulling back on generous benefits and offering to exchange onerous payouts for a bump up in account values. But now, an SEC official has fired off a warning shot about such practices
Will require that brokers perform reasonable due diligence to understand the nature of the recommended strategy or securities product and whether it's suitable
Few make enough money to be hit by 3.8% surcharge; did insurers cry wolf?
