Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
IRS Adds Variable Annuity Issues to To-Do List
By Staff WriterTax accounting issues of interest to variable annuity issuers have made it onto the guidance development project list at the Internal Revenue Service.
August 15, 2011
AnnuitySpecs: Indexed Life Sales SoarU.S. sales of indexed life insurance jumped to $224 million in the second quarter, up 35% from the total for the comparable quarter in 2010.
August 15, 2011
IRS Releases Annuity-LTC Exchange GuidanceThe Internal Revenue Service has come out with a document, IRS Notice 2011-68, that discusses the tax rules that apply to annuity-long term care benefits hybrids and exchanges of annuity cash surrender value for qualified LTC insurance.
August 15, 2011
Super Committee: Securities Firms, Health Professionals Outgave InsurersThe insurance industry ranks just 10th on a list of top industry contributors to members of the new "super committee" - the congressional panel that is supposed to find $1.5 trillion in federal spending cuts by Thanksgiving.
August 15, 2011
New York Department Eyes Separate AccountsOfficials at the New York State Insurance Department discuss use of separate accounts and credit default swaps in a recent life company examination report.
August 14, 2011
IRI: Annuity Features Appeal to Middle-Income BoomersMiddle-income baby boomers may have less to spend on annuities than higher-income boomers, but they are more interested in guarantees and much less interested in rate of return.
August 14, 2011
IRS Releases Annuity-LTC Exchange GuidanceThe Internal Revenue Service has come out with a document, IRS Notice 2011-68, that discusses the tax rules that apply to annuity-long term care benefits hybrids and exchanges of annuity cash surrender value for qualified LTC insurance.
August 12, 2011
California Updates Guaranty Fund Notice RequirementsThe California Department of Insurance has updated the notice insurers in the state must provide when they deliver life, health and annuity contracts.