Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Nationwide Offers New Asset Allocation Tool
By Staff WriterNationwide Financial Services Inc. has added an asset allocation service to its living benefit feature for certain variable annuities.[@@]Clients who use the Capital Preservation ...
October 06, 2005
MassMutual Adds Accumulation Guarantee RiderMassachusetts Mutual Life Insurance Company has started selling a new guaranteed minimum accumulation benefit with the MassMutual Evolution variable annuity contract.[@@]MassMutual is offering 10-year ...
October 06, 2005
Feature Increases Purchaser Control Over Income StreamsNew York Life Insurance and Annuity Corp. has introduced an income-adjustment tool for purchasers of the company's LifeStages Lifetime Income Annuity contracts.[@@]The new Changing ...
October 05, 2005
Bank Indeed Annuity Sales SwellBanks are selling almost 3 times as many equity indexed annuities as they did a year ago, according to a report by Kenneth Kehrer ...
October 05, 2005
NAVA Hears EIA Battle CryNew YorkThe industry needs to stand up to the National Association of Securities Dealers in its efforts to regulate equity indexed annuities, according to ...
October 05, 2005
VA Industry Needs To Do The Right ThingNew YorkThe variable annuity industry kicked off its annual meeting with a call to "do the right thing." During the course of the annual ...
October 02, 2005
Next Annuity Industry Storm: Overselling GLWBsThe annuity industry gets into trouble occasionally by not discouraging the overselling of potential returns; now some in the business are doing the same thing with guaranteed lifetime withdrawal benefits in annuities.
October 02, 2005
Annuitization Is Coming-One Way Or Another"The pig through the python" is how some are describing the oncoming flood of baby boomers reaching retirement age.The first boomers will reach early retirement ...