United of Omaha, Genworth Life, Bankers Life, and OneAmerica have introduced LTC/annuity hybrids in the run-up to January 1, 2010, when distributions from annuities to pay nursing home bills will be tax-free.
Wells Fargo Asset Management's new target-date series of CITs comes with a built-in, optional retirement income strategy: systematic withdrawals plus an annuity starting at age 85.
In her new book, 'The Deficit Myth,' Stephanie Kelton explains Modern Monetary Theory--and how we can afford a lot more as a nation than we think we can.
The deal, part of a trend in private-equity acquisitions of life/annuity properties that began a decade ago, makes KKR about one-third larger. The trend tailwind: low rates.
“We'll have to see how this market plays out,” said Terence Martin, vice president of insurance research at Hartford-based Conning Research and Consulting.
“A mutual funds/fixed annuity combination” and “variable annuities with a guaranteed minimum withdrawal benefit” were the “most attractive” options for retirement income planning/distribution.
The Center, directed by Kenn Beam Tacchino, JD, offers technical knowledge to financial advisors and agents in matters related to the retirement decisions facing clients.
VA writers like Nationwide continue to be under pressure from the decline in equity market values, which have required additional general account reserves to cover guarantees, Fitch said.
ShareOwners.org wants stronger regulation of the securities industry, increased accountability of corporate boards and CEOs, greater financial transparency and protection of the legal rights of investors.
Effective yields ranged from 1.75% for a two-year contract with a one-year bonus to 5.25% for a 10-year contract.