Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Are Annuities the High-Speed Rail of Retirement Plans? (BenefitsPro)
By Staff WriterA new high-speed rail line in New York serves very little purpose. Likewise, is an annuity a solution in search of a problem?
February 17, 2012
"Sense of Congress" Seeks to Preserve Tax Incentives for Retirement SavingsTwo congressmen have introduced a resolution in the House seeking a "Sense of Congress" that current tax incentives for retirement savings should be retained in any reform of the tax code.
February 17, 2012
Benmoshe on AIG: We're Back in a Big WayAmerican International Group president and CEO Robert Benmosche said the company has regained its role as a primary seller of insurance and investment products through banks.
February 16, 2012
What We’re Reading: Contraception Calamity, Magic Retirement Number & Reader FavesA selection of our favorite stories from the past week, by the reporters and editors of LifeHealthPro.com.
February 16, 2012
NAIC Subgroup Suggests All 'Hybrid' Annuities May Need Reserve ScrutinyFelix Schirripa, head of the CDA Subgroup, calls CDAs synthetic hybrid income annuities, and GWLB products hybrids, and says they all might need to be reviewed in terms of capital and reserve adequacy given their market risk position.
February 16, 2012
NAIC Subgroup Suggests All 'Hybrid' Annuities May Need Reserve ScrutinyFelix Schirripa, head of the CDA Subgroup, calls CDAs synthetic hybrid income annuities, and GWLB products hybrids, and says they all might need to be reviewed in terms of capital and reserve adequacy given their market risk position.
February 16, 2012
Fitch Says Insurance Longevity Product Raises Questions and Concerns (Reuters)Fitch notes the latest product offering aimed at the longevity risk protection market, the contingent annuity (CA), is generating controversy.
February 16, 2012
LIMRA: Annuity Sales Topped $240 Billion in 2011For the second consecutive quarter, indexed annuity sales outperformed sales of traditional fixed annuities (book-value and market-value adjusted), capturing 44% of the fixed annuity market, LIMRA says.