Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Insurer Adds Annuity Distributor (Corrected)
By Staff WriterThe individual annuity distribution unit at Minnesota Mutual Companies Inc. has hired Christopher Owens to be manager of its internal sales desk.[@@]Owens, who be ...
October 14, 2005
Rating Firm Likes European MarketThe European life insurance market has suffered through 3 tough years, but it should do better in the future.[@@]Hans Wright, a credit analyst at ...
October 13, 2005
AIG Unit Issues Group Fied AnnuityAIG VALIC has introduced a guaranteed, fixed-rate annuity aimed at 401(k) plans and other employer-sponsored retirement plans.[@@]The AIG VALIC Guaranteed Fixed-Interest Option product is ...
October 13, 2005
Nationwide Offers New Asset Allocation ToolNationwide Financial Services Inc. has added an asset allocation service to its living benefit feature for certain variable annuities.[@@]Clients who use the Capital Preservation ...
October 11, 2005
Officials To Update Series 6 TestThe National Association of Securities Dealers is revising the examination requirements for individuals who want to sell mutual funds, variable annuities and variable life ...
October 10, 2005
Calif. Regulator Demands Annuity SuitabilityCalifornia Insurance Commissioner John Garamendi is asking life insurers doing business in the state to adopt suitability standards for selling annuities to seniors.[@@]In a ...
October 06, 2005
Feature Increases Purchaser Control Over Income StreamsNew York Life Insurance and Annuity Corp. has introduced an income-adjustment tool for purchasers of the company's LifeStages Lifetime Income Annuity contracts.[@@]The new Changing ...
October 06, 2005
MassMutual Adds Accumulation Guarantee RiderMassachusetts Mutual Life Insurance Company has started selling a new guaranteed minimum accumulation benefit with the MassMutual Evolution variable annuity contract.[@@]MassMutual is offering 10-year ...