Contingent deferred annuities (CDAs) are on the minds of insurers these days and took up a fair portion of yesterday’s seminar on securities products of insurance companies at the Practicing Law Institute in New York.
2012 was the first full year of performance of a managed volatility strategy designed by Milliman for TOPS Protected Portfolios and used in Ohio National, Nationwide and Minnesota Life variable annuities with rich GLWBs. The market threw it a curve ball last June.
Rates may still be low, but annuity products keep coming off the assembly line. American General has a new deferred income annuity, Security Benefit a new fixed indexed annuity and Securian a new variable annuity contract.
What happens when Wall Street dealmakers who are in business to make a killing enter the life insurance industry, where people are traditionally in business to make a living?
Pfau reviews a new book on retirement income planning by financial planner Erin Botsford, who he says "does a good job explaining the safety-first approach to readers who may be unfamiliar with the concept."
This always-bearish guest columnist expects that it will eventually be morning again in America, but not without an intervening period of financial chaos and catastrophe.
The retired Democratic Senator from Nebraska, a former insurance executive and regulator, succeeds outgoing NAIC CEO Terri Vaughn at a turbulent time for the regulation of annuities and other insurance products.
A Wall Street and Washington veteran, White has served as federal prosecutor, white-collar defense attorney, and director of the NASDAQ stock exchange.
Ten new guidance models, known as Nationwide Guided Portfolio Strategies (GPS), allow advisors and clients to choose among multiple pre-packaged options focused on alternatives.
In October 2012, Italy, Spain, Estonia and Slovakia pledged support for the tax, bringing the number of member states backing the FTT to 11, higher than the minimum of nine countries required.