Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
How Old Is Too Old To Buy A Deferred Annuity?
By Norse N. Blazzard, Judith A. HasenauerControversy continues regarding sales of deferred annuities--particularly deferred variable annuities to seniors (usually defined as those over age 70).In recent times, regulators--including state insurance ...
July 19, 2005
New Annuity Offers Withdrawal Guarantee OptionThe Phoenix Companies Inc. has introduced a flexible-premium deferred variable annuity with a variety of riders, including an optional guaranteed minimum withdrawal benefit.[@@]The product, ...
July 13, 2005
Indeed Annuity Sales Soar In Banks In First QuarterU.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 13, 2005
Bank of America Settles With Mass. On VA Sales To ElderlyThe brokerage unit at Bank of America Corp. has agreed to settle a state regulator's complaint that it sold inappropriate variable annuities to older ...
July 13, 2005
Industry Battling Proposed VA Suitability RegulationsThe American Council of Life Insurers will be asking federal regulators to reject a proposed variable annuity sales suitability regulation developed by the National ...
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 ...