LIMRA analyzes potential impact of a new estate tax law
If Congress lets estate tax go back to $1 million exemption/55% maximum, 14.7 million U.S. households would have a potential estate tax liability, with an average tax of $1.4...
DALBAR validates Pacific Life funds as QDIAs
The PL Portfolio Optimization Funds are five target-risk fund-of-funds, ranging from conservative to aggressive, that are designed to offer investors one-step diversification.
NY Life officially announces DIA with upside
"With the launch of Income Plus, we now offer pre-retirees guaranteed income and the pursuit of more through participation in the market,” said New York Life's Matt Grove.
Allianz Life launches new variable annuity through Wells Fargo Advisors
The lifetime income payout rate for contract owners ages 65 and older depends on the 10-year U.S. Constant Maturity Treasury rate, according to the prospectus
MassMutual jumps into DIA market
“Although payouts can start as soon as 13 full months after the contract issue date, MassMutual RetireEase Choice is specifically designed to address future predictable income needs,” the company...
MassMutual jumps into DIA market
“Although payouts can start as soon as 13 full months after the contract issue date, MassMutual RetireEase Choice is specifically designed to address future predictable income needs,” the company...
U.S. stock funds lose another $14.3 billion in August
Investors continue to pull money out of open-end stock funds, even as equity indices remain robust. Is this what's called an "orderly exit"?
Your Clients’ Toughest Retirement Decision
The curriculum director of the Retirement Income Industry Association’s Retirement Management Analyst designation explains why systematic withdrawals and annuities can coexist. (This article first appeared at AdvisorPerspectives.com.)
Bullish sentiments follow central bank easing
"While there is a debate about the effectiveness of QE measures in stimulating the economy, there is little doubt that they have provided a boost to equity markets," writes...
A Chat with the President of Prudential Annuities
Bob O'Donnell talked to RIJ about sustaining VA guarantees in an uncertain rate environment, and about the public's ability to understand VA riders. MetLife, AXA Equitable, and Jackson National...
Living benefit buyers live longer: Ruark
Mortality levels among purchasers of guaranteed living benefits are lower than among variable annuity purchasers who did not buy a guaranteed living benefit, according to the 2012 Variable Annuity...
DoL pursues 2004 group annuity kickback case against PA broker
Dietrich & Associates inflated bids from other insurers to hide a secret 2% payment from The Hartford on a $26.1 million pension deal in 2004, the Labor Department claims.
‘The Future of Lifetime Income’
Symetra Life and Russell Investments have teamed up to build a low-cost variable annuity with a lifetime income feature that doesn't involve costly hedging, insurance charges or commissions.
Can layoffs shorten lifespans?
Unemployment shocks at ages 57 to 61 have the biggest long-term effect on survival, while shocks at earlier (ages 55 to 56) or later (ages 62 to 65) ages...
Now boarding: Southwest pilots onto Hueler’s Income Solutions annuity platform
SWAPA members will be able to use Income Solutions to buy annuities with IRA rollover assets or non-qualified savings. The platform includes fixed deferred, single premium immediate, and longevity...
Fed pledges action until economy shows gains
The Fed also acknowledged its limits. “Monetary policy, particularly in the current circumstances, cannot cure all economic ills,” the Fed chairman, Ben S. Bernanke, said at a news conference.
Fitch upgrades select AIG ratings following government sale
The 'A' Insurer Financial Strength (IFS) ratings on AIG's core property/casualty and life insurance subsidiaries was affirmed.
Treasury expects $2.7 billion from AIG stock offering : AIG
After the completion of this offering and a $5 billion share purchase by AIG, Treasury will own about 15.9% percent of AIG’s common stock outstanding.
U.S. spends $3.4 trillion in 11 months
Federal outlays through August totaled $3.4 trillion, up 2% from the same period last year. Receipts in the first 11 months totaled $2.2 trillion, up $126 billion from the...
‘Near-record’ sales for indexed and income annuities in 2Q: Beacon
New York Life’s Lifetime Income Annuity was the best-selling product for the second consecutive quarter.
