Life insurers are buffeted by a perfect storm of falling interest rates, falling share prices and falling sales of annuities. But, according to David Paul of ALIRT Insurance Research, the companies are holding up fairly well.
Investors buy stocks because they believe they will outperform risk-free bonds by five or six percentage points per year over the long-term. But the risk-free rate, equity returns, and the equity risk premium all keep changing.
News from Milliman, AM Best, DPL Financial Partners, Great American Life, Allianz Life, MassMutual, Principal Financial, and Envestnet | MoneyGuide.
'Pandemics and financial crises have occurred throughout history,' writes our guest columnist, a former IMF official. 'Think of the biblical account of Ancient Egypt, and the cycle of lean and fat years. That story has never really gone out of date.'
Letter to the Editor
'It's hard to imagine a multi-trillion dollar industry that has done more to neuter its own influence over national economic policy,' writes David Macchia (in photo), CEO of Wealth2k, Inc., in a letter to Retirement Income Journal.