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All About Annuities » insurers

Wells Fargo pushes insurers to lower commissions on indexed annuities

Wells Fargo pushes insurers to lower commissions on indexed annuitiesNews from InvestmentNews: Wells Fargo Advisors is pushing for lower commissions and shorter surrender schedules on indexed annuities — a move that is likely to garner a lot of attention among insurers and broker-dealers. On Monday, Wells Fargo kicked off its newly updated annuity platform to [...]

Life insurers turn focus to uncapped indexed annuities

Life insurers turn focus to uncapped indexed annuitiesNews from InvestmentNews: ​Uncapped indexed annuities are positioned for market success — as long as insurers and distributors can ensure that customers understand what they’re getting. ​Capitalizing on last year’s massive jump in broad equity-market indexes, life insurance companies are cranking out a new flavor of indexed annuity. [...]

Insurers threaten widows with legal action over annuities

Insurers threaten widows with legal action over annuitiesNews from LifeHealthPro: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the “Reprints” link at the top of any article. Annuity news from the UK keeps getting worse. According to an article in The [...]

Insurers Add Appeal to Income Annuities

Insurers Add Appeal to Income AnnuitiesNews from On Wall Street: Insurers Add Appeal to Income Annuities by: Donald Jay Korn Tuesday, May 14, 2013 � Immediate annuities, also known as income annuities and payout annuities, can replace disappearing corporate pensions, but sales have been tepid. LIMRA, a research, consulting and professional development organization, reported that [...]

Private-equity jumping into annuities could be bad news for insurers

Private-equity jumping into annuities could be bad news for insurersNews from InvestmentNews: Private-equity firms’ appetite for annuity business and takeover targets is starting to worry debt analysts. Advertisement Companies like Guggenheim Partners LLC, Athene Holding Ltd. and Harbinger Capital Partners have consumed a veritable buffet of annuity businesses, snapping up bits and pieces as life [...]

Mutual insurers ramp up development of deferred-income annuities

Mutual insurers ramp up development of deferred-income annuitiesNews from InvestmentNews: Amid all the cooling in the annuity development space, one area is picking up steam: deferred-income annuities, or longevity insurance. Advertisement On Monday, Northwestern Mutual Life Insurance Co. announced the release of its Select Portfolio Deferred Income Annuity. Two weeks before that, Massachusetts Mutual Life [...]

NAIC: CDAs are Annuities to be Sold by Insurers

NAIC: CDAs are Annuities to be Sold by InsurersNews from LifeHealthPro: Image courtesy AP Contingent Deferred Annuities are annuities, best written by life insurance companies, but the adequacy of laws and regulations protecting consumers and insurers’ solvency must be examined, according to an NAIC group. The NAIC’s CDA Subgroup had suggested also revisiting reserves and [...]

Insurers to ease pressure-selling of annuities

Insurers to ease pressure-selling of annuitiesNews from The Independent: How annuities are sold is set for a major overhaul at the time of next month’s Budget. Under pressure from ministers, insurance companies are set to agree to abandon profit-boosting pressure sales techniques to persuade pension savers to opt for poor paying annuities. Insurers are to [...]

Financial advisers, insurers hail GAO plug for immediate annuities

Financial advisers, insurers hail GAO plug for immediate annuities News from InvestmentNews: By Darla Mercado July 10, 2011 6:01 am ET Although encouraged by the results of a recent Government Accountability Office study that effectively endorses immediate annuities as a supplement to Social Security, financial advisers and insurers don’t think that the GAO’s imprimatur will [...]