A hefty charge ING Groep NV will take on its American variable annuity business appears to be a mixed blessing for investors hoping to snap up shares of the company's insurance unit once it makes its public debut.
MetLife Inc., the largest U.S. life insurer, kept the top spot in variable annuity sales in the third quarter by cutting rates to attract customers looking for a consistent return amid equity market declines.
Volatile equity markets and record low interest rates have led major variable annuity issuers to rein in sales, but a few insurers are drumming up business with products that reflect the “new normal”
ING Groep NV will close its registered indexed annuity to new sales Oct. 31 after a little more than a year.
The government is hoping that its upcoming support for lifetime-income solutions such as annuities will encourage companies to add these options to their retirement plans for employees, but some worry that Uncle Sam isn't giving a big-enough push
Carriers that have been stalwarts in the variable annuity industry are trying their hand at manufacturing and selling fixed indexed annuities.
State regulators continue to investigate claims that life insurance carriers may be failing to pay out death benefits or submit the money to the state in a timely fashion. Not surprisingly, this has attracted the attention of tort lawyers.
Critics say it's smart for carriers to deny life insurance claims for allegedly spurious reasons. Why? Because they make money off the float.
Financial advisers are calling on insurers to enhance their suite of variable annuities, saying that clients are turned off by falling accrual rates on living benefits and insufficient investment choices
MetLife Inc., the biggest U.S. life insurer, was removed from Citigroup Inc.'s list of top stock picks as new Chief Executive Officer Steven Kandarian reshuffles management and plans his strategy.
MetLife Inc. kept the top spot in variable-annuity sales in the third quarter with $8.56 billion in sales.
The Hartford Financial Services Group Inc. has sold its private-placement life insurance operations
With 2011 sales of life insurance products up just 4% over last year, carriers and producers would be well served by mining social networks to step up growth.
Lincoln National Corp.'s CEO today stressed that the insurer has sufficient reserves for its universal life products
Ameriprise Financial Inc. and Lincoln National Corp. have strong VA hedging programs, Moody's Investors Service said in a report on the most frequently asked questions about variable annuities
Up 13% after Citigroup analyst said insurer can withstand mortgage-related losses
Aviva says a slew of charity-originated life insurance policies were touted as way to aid churches in poorer neighborhoods. But the carrier claims agents and third-party were the biggest beneficiaries
Most baby boomers, even those past retirement age, say they don't know much about Medicare, the federal health insurance plan for seniors. Their ignorance could end up costing them.
Almost one-third of U.S. employers are likely to stop providing health coverage for workers in 2014, when U.S. subsidies become available for people to buy individual policies.
