A Chat with Jackson’s Clifford Jack

'We talk all the time about not being the team that performs extremely well for eight and two-thirds innings just to screw it up on the final out,' said the Jackson National EVP.

How Debt Affects Retirement

“Remaking Retirement? Debt in an Aging Economy," was the theme of the 65th annual symposium of the Wharton School's Pension Research Council, held last week in Philadelphia. (Photo: Kitchen and retirement makeovers sometimes occur in tandem.)
Anecdotal Evidence

It’s No Joke: The Fed’s Comic Book is Wrong

The educational comic book from the New York Fed means well but perpetuates the myth that money was created in the private sector to facilitate barter and enabled commerce to flourish. History shows otherwise.
Anecdotal Evidence

Annuities that Pay Cash Back Rewards

Gainbridge, a insur-tech startup, aims to sell fixed deferred and period certain income annuities online. Its sister company, Relay, uses annuities to fund cash back rewards cards. Both firms are part of Group1001 (formerly Delaware Life Holdings).
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Anecdotal Evidence

Will Boomers Pony Up for these Riders?

Deferred annuities have lapse rates as high as 40% to 70%, but the lapse rates of LTCI/annuity hybrids could shrink to as low as one or two percent—the rates associated with LTCI policies.
Anecdotal Evidence

IRI: Not Just NAVA by Another Name

Where NAVA might have been described as inward-looking, IRI seems to be outward-looking. Some members think that's a refreshing change.
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Anecdotal Evidence

Impaired Risk Annuities Sell Well in the U.K.

The popularity of enhanced annuities—which provide bigger payouts for those with adverse medical conditions—is likely to grow, consultants said.
Anecdotal Evidence

Cerulli Report Reveals Investor Concerns

From August to December of 2008, the number of households describing themselves as conservative investors jumped to 32% from 25%.
Anecdotal Evidence

Index Annuities Set Quarterly Sales Record

“Never has there been a more challenging period for those selling indexed annuities,” said Sheryl J. Moore, president and CEO of AnnuitySpecs.com.