Presidential’s New Campaign
Presidential Life has engineered a two-tier income annuity where the first annuitant receives benefits for life but the survivor receives income for a period certain or for life, whichever...
Let’s Look at Your Telomeres
These loss-leaders at the ends of chromosomes, which help determine our longevity, were the basis for this week's Nobel Prize in Medicine.
Boston College Gets Financing for Financial Literacy Center
“Given the turbulent economic climate and the shift of financial risk to individuals, people need help,” said Center Director Alicia Munnell.
Pacific Life Applies For Possible In-Plan VA
The Destinations VA offers an optional 0.10% uptick in the lifetime payout rate for each of the first ten contract years or until a withdrawal.
Jackson National Launches Bonus VA
Perspective Rewards pays a 6% bonus on first-year premiums under $100,000 and 8% on higher ones.
Employers Expect Health Reform to Raise, Not Lower Costs
Only 10% of employers would support an “employer mandate” that required them to provide health insurance to employees.
Plan Sponsors Increasingly Turn to Investment Consultants—Cerulli
Consultants want asset managers who provide consistent investment performance without “surprises.”
SEC Moves To Bolster Oversight of Rating Agencies
The SEC voted Sept.17 to address conflicts of interest, reveal rating shopping, and promote accountability.
Americans Reveal Inertia, Self-Reliance in Principal Financial’s Latest Survey
A third of those polled, up from 20% in the second quarter, said their account balances have recovered to their Jan. 1 levels or expect them to recover in...
Shunned in U.S., Income Annuities Thrive in the U.K.
The "at retirement" market for annuities in the U.K. topped £14 billion in 2008 and is expected to reach about £23 billion in five years.
Decumulation Beat
The Insured Retirement Institute held the first annual conference under its new name in Boston this week, and the difference between IRI and NAVA was striking.
NewRiver Upgrades Compliance-Facilitating Solution for Variable Products
Variable Products Express Version 2.0 allows providers to take advantage of web-based delivery of summary prospectuses without sending contract owners to other websites for information.
F.D.I.C. May Borrow Funds From Banks
Bankers say they'd rather loan money to the FDIC than make new contributions to the FDIC fund or see the FDIC tap a line of credit at the Treasury.
Larry Kotlikoff to Receive RIIA’s Academic Achievement Award
The Harvard-trained economist teaches, consults, writes scholarly and popular books, created ESPlanner, and is the champion of “consumption smoothing.”
