Lawsuits filed in Rhode Island, New York and Illinois shed light on the sinister, multi-million-dollar strategy of using the dying as fronts to exploit variable annuity loopholes.
Here's an income plan for a hypothetical 65-year-old couple with $1.6 million in savings, a real income goal of $8,000/mo. in retirement, and a legacy goal of $1.5 million.
CUNA Mutual Group invades Allianz Life airspace by launching 'Zone Income Annuity.' It's the only structured index annuity besides Allianz Life's Index Advantage Income to offer a lifetime income option. The two contracts differ in small but significant ways.
The president of Prudential Annuities since 2017, actuary Kent Sluyter spoke with RIJ recently about financial wellness and about his firm's pivot to a new generation of individual annuities.
Rhode Island attorney Robert Flanders said "stranger-originated annuity transactions" are perfectly legal.
Identity theft does not begin to describe the harm done to a quadriplegic woman who died of bedsores in a Chicago nursing home.
Jack Marrion predicts that by 2020 the securities industry will exercise control over the annuity market in the U.S.
“There have been only two times in the last five years where we have seen bank channel total annuity sales this low,” said Kehrer-LIMRA's research director.
The modified funds will “dynamically de-risk into bonds and cash when it's appropriate” to reduce overall portfolio risk.
Many advisors feel a need to change their approach but are uncertain how to go about it.
The "Growth and Income Advantage Benefit" rider now has a 6% annual roll-up and a maximum 5% annual payout.
We erred in reporting that “When a husband in a retired couple (both at least age 62) dies, his widow's Social Security benefit, if lower, rises to match his own.”
"Academics continue to create analytical solutions that rarely apply in the human world," says this Denver advisor.