Great-West Financial's new Smart Track II variable annuity contract has four different income riders. Will it help Bob Reynolds achieve his goal of making Great-West a top-five retirement company in three to five years?
Over-estimates of variable annuity lapse rates have cost life insurers billions. A group of VA issuers is now working with actuaries at Ruark Consulting to predict those rates more accurately.
In New York last week for InVest, a fin-tech conference, I learned that advisors of the future won't be robots. They will be less sexy: Phone reps who help Millennials "navigate the site and provide some advice along the way."
Has the time finally arrived for the variable income annuity? At TIAA, where the VIA was invented, they say it never left. New research from the TIAA Institute compares the VIA with a variable annuity with a lifetime withdrawal benefit.
John Walton, a professor at the University of Texas at El Paso, has combined his knowledge of water with his personal curiosity about retirement income to create a "framework" for comparing safe withdrawal rates from a balanced portfolio.
'DOL Fiduciary Basics for Employees' is presented in 13 multimedia vignettes, each several minutes long. The vignettes are accessible through mobile devices, tablets, or personal computers.
Orion will provide back-office services related to reporting, billing and client statements, integrating the investment, annuity, and life insurance products on AE Wealth Management’s client relationship management (CRM) platform.