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.
When will annuities be loved? After all the creative destruction of the past 10 years, what’s next for the annuity industry? Which trends will persist? Which products will flourish? We discuss the trends that Retirement Income Journal expects to cover in 2021 and beyond.
Fixed deferred annuities may be the most promising candidates for inclusion in 401(k) plans. But in order to adapt these contracts to the defined contribution space, they must lose some of the 'illiquidity' that helps make annuities valuable. Some innovative solutions are now on the market.
Publicly-held life insurers are using reinsurance to improve their balance sheets. But at what cost? 'I believe that many of these blocks of business are only being funded in part with real assets,' a forensic accountant told RIJ.
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.