The big mutual insurer plans to offer its managed account program, incubated last year among career agents, to third-party registered reps, says Michael Gordon, first vice president in the firm's U.S. life insurance and agency business.
A new critical survey of twelve retirement planning calculators shows why they're so frustrating to use.
AXA Equitable Life (and its trademark gorilla) have bounced back from the financial crisis with a novel variable annuity rider that pegs guaranteed accumulation and withdrawal rates to the 10-year Treasury rate, plus one percent.
You knew it all along, but now there's evidence. Most Americans are financially illiterate. Experts wonder how the millions who don't understand compound interest can possibly fashion successful retirements.
Viral Acharya and colleagues at NYU's Stern School of Business say the economy was pushed off a cliff by bankers skirting reserve requirements.
But there's no clear indication that Washington understands the nuances that make annuity decisions so complex and problematic.
Selling Alico would help AIG repay the federal government and might strengthen MetLife's position in Asia, an analyst said.
vWise's SmartPlan Enterprise “provides the benefits of a personal financial professional in a website available 24/7/365.”
“Many Americans aren't necessarily buying into the country's long-held belief that anyone with a dream can strike it rich,” said the editor of Bankrate.com.
The program, which combines live presentations with self-study materials, is approved for continuing professional education credit in 49 states.
He succeeds Robert T. Cassato, who will assume a new role as a senior advisor to Manulife Chief Operating Officer John D. DesPrez III on global distribution strategy.
If implemented, the proposal would require certain insurers to pay a fee equal to 0.15% of “covered assets.”
Most companies are predicting 2010 sales growth, premium growth and profitability to be modest to flat compared to 2009.
A recent Journal of Financial Planning article on annuities was a bit perplexing.