Economy & Markets
The important economic and stock market news that advisors need to know.
Ask the Expert: Positioning the guaranteed withdrawal benefit
By Staff WriterHow do I position the advantage of a fixed indexed annuity (FIA) having a guaranteed withdrawal benefit versus a managed payout fund?
October 21, 2008
Market Rally Continues; Signs of Credit EasingThe drama continues in the stock--and credit--markets, as stocks rallied again on October 20, with the Dow industrials up 411.46 points, or 4.65%, to close at 9,265.43. The S&P 500 was up 44.85 points, or 4.8%, to close at 985.40.
October 21, 2008
A generational crashJoe White of the Wall Street Journal thinks boomers have dug themselves into a financial hole. And this is not the time to be digging...
October 16, 2008
Insurer Responds To Rating AgencyProtective Life Corp. says it believes it is doing a good job of addressing the current economic challenges.Protective, Birmingham, Ala., issued a statement about its ...
October 16, 2008
UnitedHealth Posts A ProfitA large managed care company has become the latest financial services company to announce that it turned a profit during the third quarter.UnitedHealth Group Inc., ...
October 16, 2008
Group LTD Feature Relies On ADL TriggerLincoln National Corp. will be paying extra benefits to group long-term disability insurance claimants with especially serious disabilities.Lincoln, Philadelphia, says it will be selling a ...
October 09, 2008
Last gasp or a chance for change?Ben Bernanke told members of the National Association for Business Economics "the combination of the incoming data and recent financial developments suggests that the outlook...
October 08, 2008
Labor market expected to get worseMore losses are expected to come in the labor market as The Conference Board Employment Trends Index (ETI)(TM) continued its decline in September. The index fell...