The desirability and feasibility of allowing owners of deferred income annuities to convert income streams to lump sums was discussed at the American Law Institute's Continuing Legal Education Conference on Life Insurance Company Products in November.
Last spring, MetLife pulled the plug on its popular, respected thought-leadership unit after a 15-year run. Did the decision signify a loss of faith in the Boomer retirement opportunity?
Two recent reports from different organizations paint very different portraits of retirement readiness in the U.S.
Insurers and asset managers love managed-vol funds and VA portfolios, whose sales are climbing. But in a low-vol bull market, advisors wonder about their value.
“An annuity is a contract with an insurance company.” Sadly, many texts about annuities begin this way. You might as well describe marriage to teenagers as “a legal contract between two people of the same or opposite genders.”
FINRA Regulatory Notice 13-45, on the heels of the FINRA Conflict of Interest report, may be its way of telling the DoL that FINRA can make the suitability standard work, and that broker-dealers don't need a DoL fiduciary standard.
The largest single source of income for Americans ages 65 and over, as a group, is earned income, according to a study by AARP based on recent U.S. Census data. In 2012, almost 22 percent of older Americans had earnings.
The series includes six 30-second spots that will air during the Rose Bowl, Fiesta Bowl, Orange Bowl and BCS Championship game.
A new subsidiary of Prudential will hold 70% of the shares of Uni.Asia Life Assurance Berhad.
During the deregistration process, Principal Bank narrowed its activities to those of a limited purpose trust savings bank.