Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
NAIC Acts on Annuities, Limited Term Resolution
By Jim ConnollyChicagoAmong the actions taken by regulators at the National Association of Insurance Commissioners' winter meeting were the adoption of the annuity nonforfeiture model regulation, ...
November 15, 2005
Hartford Jumps Into Lifetime Withdrawal FrayHartford Financial Services Group Inc. is leaping into the competition to give consumers more options for generating lifetime retirement income streams.[@@]Hartford, Hartford, is introducing ...
November 15, 2005
Indeed Annuity Sales Edge LowerTotal U.S. sales of equity indexed annuities and other indexed annuities fell to $6.9 billion during the third quarter, down 2% from the total ...
November 14, 2005
Insurers Add VA Withdrawal BenefitsPhoenix Companies Inc. and ING USA Annuity and Life Insurance Company are expanding their menus of retirement income options.[@@]Both companies have introduced new guaranteed ...
November 14, 2005
AIG Reports Lower EarningsAmerican International Group Inc. saw profits drop during the third quarter.[@@]AIG, New York, is reporting $1.7 billion in net income for the third quarter ...
November 13, 2005
Thoughts On The Distribution Of WealthRecently a friend posed a hypothetical question for me to answer. He asked, "If you won a lottery, what would you do with the winnings--take ...
November 12, 2005
NASD Head Singles Out EIAs In SpeechA top official at the National Association of Securities Dealers says too many equity-indexed annuity sellers are portraying them as no-risk products.[@@]Robert Glauber, chairman ...
November 11, 2005
MassMutual Cuts VA Rider CostMassachusetts Mutual Life Insurance Company has cut the cost of a death benefit rider sold with 2 deferred variable annuities. [@@]The company lowered the ...