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.
Franklin Templeton SVP Drew Carrington says his firm's Defined Maturity Funds, which work like bond ladders, could provide retirement income for 401(k) participants, and could be paired with qualified longevity annuity contracts.
A mortality and longevity expert at Willis Towers Watson writes that 'the variability of the mortality impact by age makes the impact highly variable by type of insurer.'
Negative real interest rates have become a disincentive to personal savings, especially among lower-income Americans who will rely heavily on Social Security and Medicaid anyway, this team of economists from Stanford suggests.
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.