Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
NAIC OKs Guarantee Proposals
By Jim ConnollyMembers of the National Association of Insurance Commissioners today approved measures that will affect standards for variable annuities with performance guarantees, universal life policies ...
October 13, 2005
AIG Unit Issues Group Fied AnnuityAIG VALIC has introduced a guaranteed, fixed-rate annuity aimed at 401(k) plans and other employer-sponsored retirement plans.[@@]The AIG VALIC Guaranteed Fixed-Interest Option product is ...
October 11, 2005
Officials To Update Series 6 TestThe National Association of Securities Dealers is revising the examination requirements for individuals who want to sell mutual funds, variable annuities and variable life ...
October 10, 2005
Calif. Regulator Demands Annuity SuitabilityCalifornia Insurance Commissioner John Garamendi is asking life insurers doing business in the state to adopt suitability standards for selling annuities to seniors.[@@]In a ...
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 ...