Its Technology Eases Hedging of GLB Riders, UAT Claims
The firm said its real-time portfolio statistics could help insurers preserve GLB features in their products.
Cirque du Soleil to Help Burnish Sun Life Brand
The U.S. unit of the Canadian insurer has also hired the ad agency that created Geico's Gekko and Caveman campaigns.
Securities America, Wealth2K Help Advisors Fight “Big Brands”
To compete, "advisors must introduce high-end, high-impact communications tools,” said David Macchia of Wealth2k.
Prudential Net Income Turns Positive in 2Q 2009
The firm's individual annuity sales boomed in the second quarter, thanks in part to a wave of exchanges of variable annuity contracts from financially weaker insurers.
Banks Reap Record Annuity Income
The steep yield curve enabled fixed annuities to outperform CDs, and drove fixed annuity sales to a new record in the second quarter.
One-Stop Shopping for Retirement Risk
Steve Zaleznick sells insurance direct to the elderly online. But can his call center reps offer more than piecemeal planning?
Lincoln Financial Group Rebounds in Second Quarter
At $2.6 billion, overall annuity deposits were down 23% from the second quarter of 2008 but up by 20% from the first quarter of 2009.
MetLife Posts Strong Annuity Growth in 2Q 2009
MetLife's annuity net flows remained positive for the fifth consecutive quarter while lapse rates declined for the second quarter in a row.
VA Rider Hedging Has Been 94% Effective—Milliman
The financial crisis has prompted VA writers to reevaluate their entire risk management strategies and become more self-reliant, the Seattle-based consultants say.
Obesity Linked to Retirement Insecurity
Per capita medical spending for the obese is $1,429 higher per year, or roughly 42% higher, than for someone of normal weight, a new research study claims.
‘Breakaway Broker’ Is A Myth
Wirehouse reps still manage almost half of the assets in all retail advisory channels, according to Cerulli Associates' exhaustive annual study.
Nationwide and MSSB Ink SALB Deal
A Nationwide income guarantee will be offered to Morgan Stanley Smith Barney's Select UMA holders. The wirehouse expects to use up the initial $250 million capacity in six months.
Target-Date Funds ‘At a Crossroads,’ Cerulli Says
While more than 70% of asset managers say they've just begun to tap the target-date fund opportunity, a small but growing percentage think the phenomenon may have peaked.
The Hartford Continues to Shed Jobs
“The reductions reflect the need to realign our expenses with the reduced volume of business that we have experienced in our investment products business, particularly variable annuities,” a Hartford...
Nationwide Adds Annuity Option to Morgan Stanley UMAs
Morgan Stanley Smith Barney has launched Select Retirement, which adds an optional Nationwide Life Insurance fixed income annuity option to the Select unified management account program.
Goldman Sachs Eyes DC Market
“We've been in the retirement business for 20 years managing defined benefit assets, but are now really ramping up our DC effort,” a Goldman executive said.
