Where can you find lowest SPIA prices on the web? RIJ compared prices at Immediateannuites, Income Solutions, Fidelity and (as a benchmark) Cannex. And the winner was...
Rejecting a takeover bid by Athene and MassMutual, fixed index annuity issuer American Equity will partner with Brookfield Asset Management. The deal releases up to $350m in capital for American Equity, and makes it a 'Bermuda Triangle' player. Photo: AEL headquarters in Des Moines.
'Many of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
An ad campaign featuring the 1967 Buffalo Springfield classic, "For What It's Worth," and other factors are helping drive higher income annuity sales in Australia for Challenger Ltd. Their latest product offers liquidity in the first 15 years.
The largest share of 401(k) assets is clustered in big accounts, and the highest-earning participants reap the most tax benefits, says a GAO study. The CEO of ASPPA, a plan administrator group, says the study is wrong.
His firm's "temporary life annuities" offer a remedy to some of the perceived shortcomings of income annuities that were mentioned in a May 1 Wall Street Journal article, says Gary S. Mettler, vice president at Presidential Life.
Had owners of deep-in-the-money variable annuity living benefits acted more "rationally" at the depth of the financial crisis, the issuers of those contracts might have suffered much more serious losses.
The new design “simplifies the structure of the businesses and increases the responsibilities of the senior leaders and their respective teams,” the company said in a release.
Brief or late-breaking news from Lincoln Financial, Allianz Life, Prudential, Mutual of Omaha, BNY Mellon, Nationwide, New York Life and AXA Equitable.