A low interest rate policy, while necessary in a crisis, acts as a tax on the average person and plants the seed for the next credit crisis, according to two NBER Working Papers published in July.
Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.
In MassMutual's new all-digital deferred income annuity, an adult child is the owner, and receives income when a parent (the annuitant) reaches age 91.
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at Boston College proposes that strategy as a default option in retirement plans.
Steve Zaleznick sells insurance direct to the elderly online. But can his call center reps offer more than piecemeal planning?
The steep yield curve enabled fixed annuities to outperform CDs, and drove fixed annuity sales to a new record in the second quarter.
The new site is a renaming of and enhancement of Summit's three-year-old site for advisors, AdvisorOne.com.
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.
To compete, "advisors must introduce high-end, high-impact communications tools,” said David Macchia of Wealth2k.
The U.S. unit of the Canadian insurer has also hired the ad agency that created Geico's Gekko and Caveman campaigns.
The firm said its real-time portfolio statistics could help insurers preserve GLB features in their products.