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All About Annuities » 2012 » November

Why are hedge funds buying annuities?

Why are hedge funds buying annuities?News from MarketWatch: Picture a scene from a future Oliver Stone movie. A high rise Wall Street office where a selected few master-of-the-universe hedge fund owners are sitting around drinking $ 500-a-glass single malt trying to figure out their next step toward world dominance. Suddenly, in walks the nerdy bean [...]

Indexed annuities’ new pals

Indexed annuities’ new palsNews from InvestmentNews: Private-equity firms are raising their profile in the indexed-annuity market, worrying some observers who fear that they are taking greater risks in increasing market share. Apollo Global Management LLC is reportedly in the lead to snap up Aviva PLC’s U.S. life insurance and annuity business, participating in a joint [...]

Don’t panic over gender neutral annuities

Don’t panic over gender neutral annuitiesNews from Investors Chronicle: New rules for pricing annuities come into force on 21 December, but male rates aren’t going to be as bad as previously thought. Now might be the most terrifying time ever to buy an annuity. Scaremongering over the potentially drastic effects of gender neutral annuity pricing [...]

How annuities can benefit your charity

How annuities can benefit your charityNews from MarketWatch: There are many ways that annuities can be used to help your charity of choice raise money. A few years ago, I was asked by a valued client of mine to help his college with new ideas to raise more money. As a courtesy, I agreed and [...]

Cowie’s Quick Guides, part 1 – Annuities

Cowie’s Quick Guides, part 1 – AnnuitiesNews from Telegraph.co.uk: Costs and yields vary widely, depending on which insurer you buy your annuity from. For example, a man aged 65 with £100,000 capital can buy a fixed income of just under £5,035 from Prudential – by no means the worst provider – but could obtain £5,950 [...]

Lawyer Who Took Out Annuities On The Dying Pleads Guilty 1 Week Into Trial

Lawyer Who Took Out Annuities On The Dying Pleads Guilty 1 Week Into TrialNews from The Consumerist: (frankieleon) Depending on your point of view, Joseph Caramadre of Cranston, R.I. is either an opportunist who scammed the terminally ill, or a great philanthropist who found a win-win loophole and made last few months of the dying [...]

A New Twist on Variable Annuities

A New Twist on Variable AnnuitiesNews from Motley Fool: Variable annuities draw fierce debate from both advocates and skeptics alike. But whether you like the guaranteed benefits that they offer or think that they cost too much for the protection they provide, one thing is clear: Those who bought variable annuities with guarantee provisions five [...]

You and the Law: Annuities — not as safe as you think

You and the Law: Annuities — not as safe as you thinkNews from Hanford Sentinel: Lawyers are generally late to the party, rarely witness to events which can get someone arrested or sued. But occasionally, we are listening to jaw-dropping statements, and this time, it was a stream of absolute lies from two enthusiastic, ever-so-friendly [...]

MassMutual agrees to $1.6 million penalty for misleading investors about …

MassMutual agrees to $ 1.6 million penalty for misleading investors about …News from Boston.com: By Todd Wallack, Globe Staff Massachusetts Mutual Life Insurance Co. agreed to pay $ 1.6 million to settle charges that it misled customers about an obscure restriction in $ 2.5 billion of variable annuities it sold from 2007 to 2009, federal [...]

Annuities get a bad rap

Annuities get a bad rapNews from MarketWatch: Annuities have somehow gotten a bad name. Life annuities are an important product for retirement income and are truly more friend than foe. The dictionary meaning of the word annuity is an amount payable at regular intervals for a certain or an uncertain period. In this article, the [...]