Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Indeed Annuity Sales Soar In Banks In First Quarter
By Staff WriterU.S. banks increased sales of equity indexed annuities by 79% in the first quarter, well above the growth rate for EIAs sold through other ...
July 11, 2005
VA Rider Protects Income PaymentsNationwide Financial Services Inc. is adding a retirement income guarantee option for variable annuity holders.[@@]The option, the America's Income Annuity Income Foundation rider, gives ...
July 11, 2005
Shepherdson Returns To AXAAXA Financial Inc. has hired Jamie Shepherdson to be executive vice president and head of the company's AXA Distributors L.L.C. wholesale distribution division.[@@]Shepherdson co-founded ...
July 06, 2005
IMSA Publishes Consumer Annuity GuideThe Insurance Marketplace Standards Association has released a free brochure for annuity buyers.[@@]IMSA, Washington, has posted the brochure on its Web site, at http://www.imsaethics.orgThe ...
July 06, 2005
Bank Annuity Sales Drop In AprilA sharp drop in variable annuity sales sent bank annuity sales falling 15% in April.[@@]Banks and savings institutions sold $3.5 billion in annuities in ...
July 06, 2005
NASD Punishes Firm For Variable Product Sales ContestsThe National Association of Securities Dealers has imposed a $325,000 fine in connection with allegations about variable product sales.[@@]The NASD has accused the firm, ...
July 05, 2005
Consultant: VA Reinsurance Remains TightReinsurance for variable annuities with guarantees continues to be scarce and costly.[@@]That's the assessment of David Hopewell, a senior actuarial advisor in the Philadelphia ...
July 05, 2005
Indeed Annuity Offers Nursing Home And Terminal Illness RidersConseco Insurance Company has introduced an equity indexed annuity with features designed to appeal to consumers who want some access to their cash.[@@]The annuity, ...