Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Oregon Increases Annuity Guarantee Limit
By staff WriterOregon Gov. Ted Kulongoski has signed a bill that will increase the maximum annuity coverage limit in the state to $250,000, from $100,000.
March 08, 2010
Oregon Increases Annuity Guarantee LimitOregon Gov. Ted Kulongoski has signed a bill that will increase the maximum annuity coverage limit in the state to $250,000, from $100,000.
March 08, 2010
LIMRA: Consumer Interest in Guaranteed Living Benefits Remains Strong in 2009The rate of election for guaranteed living benefits (GLBs), when offered in a variable annuity (VA), was 84% in the fourth quarter of 2009, according to LIMRA's annuity study.
March 08, 2010
Minnesota Fines Carrier Over Cross-State Annuity SalesThe Minnesota Department of Commerce has imposed a $275,000 fine in connection with allegations that an Iowa insurer sold unapproved annuity contracts to its residents.
March 08, 2010
Feature: Regulator group moves to reign in secondary market for annuitiesLife insurers and life settlement professionals are clashing over a model state regulation that would let deferred annuity carriers terminate a living or death benefit if the annuity is sold in the secondary market.
March 07, 2010
Pacific Life's Annuities & Mutual Funds Division Changes NameEffective March 1, 2010, the Annuities & Mutual Funds Division of Pacific Life Insurance Company has been renamed to the Retirement Solutions Division.
March 07, 2010
LIMRA: Consumer Interest in Guaranteed Living Benefits Remains Strong in 2009The rate of election for guaranteed living benefits (GLBs), when offered in a variable annuity (VA), was 84% in the fourth quarter of 2009, according to LIMRA's annuity study.
March 05, 2010
4Q VA Buyers Still Choosing GLBs: LIMRAIn fourth quarter 2009, 84% of variable annuity buyers chose to have guaranteed living benefit features added to their policies.