How Many VA Owners Will Bail Out?
Issuers of variable annuities with income benefits could face lower-than-expected lapse rates and higher reserve requirements over the next 18 months, says Oliver Wyman.
Tontine Savings Accounts
'While mimicking the high payouts of an actuarially fair variable life annuity, TSAs would cost significantly less than commercial life annuities,' write Forman and Fullmer.
Better than Throwing Darts
'We have all these insurance agents selling billions of dollars of fixed indexed annuities. But they have few clues about how the crediting rates have performed,'' says Kent Jacquay. With his Indexalyzer software, he proposes a solution.
A New Kind of Income Annuity
Achaean Financial and Ash Brokerage, a large Fort Wayne, Ind., BGA, are partnering on a potential retirement game-changer: Achaean's immediate indexed income annuity, couched in Ash's JourneyGuide planning software. The underwriter has yet to be named.
Featured
“Too Good to Last”
Curiosity about investments in secondary market annuities, which earn up to 9%, is growing. But these “factored products” are scarce—and virtually unregulated.
Five Ways to Adjust to a New Tax Landscape
A consortium of advisors who represent Securities America offered these suggestions for how investors and their advisors can adjust to the expiration of EGTRRA and JGTRRA at the end of 2010.
News
NIH Devotes Only 11% of Budget to Elderly Studies
Although there has been moderate growth in spending at all 27 N.I.H. research centers, the growth is slower at the National Institute on Aging.
Orszag to Depart OMB Director Post
“Basically, the OMB Director is a brutal job and subject to quick burnout," commented one political blogger.
Towers Watson Explains New Pension Relief Law
A Client Alert details the implications of the "Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010."
The Guardian Offers New SPIA
As an inflation hedge, the product’s Annuity Payment Increase Benefit option increases the annuity payment each year by a fixed dollar amount.
The Global Distribution of Millionaires
In Singapore and Hong Kong, millionaire households account for 11.4% and 8.8%, respectively, of all households, according to Boston Consulting Group.
