The cost of medical care in retirement doesn't look as scary when you break it down into annual expenses and remember that insurance covers most of the big-ticket items.
'The cryptocurrencies are a statement of faith in a new community of entrepreneurial cosmopolitans who hold themselves above national governments,' writes the Nobel Prize-winning economist, author and Yale professor.
The contract's costs, other than those embedded in the performance caps and floors, are 40bps for an income rider, 10 to 30bps for a death benefit and administrative fees, and between 49 and 120 bps for variable subaccounts, if chosen.
Mutual fund assets down again, says Cerulli; TIAA calls for infrastructure lending reforms; MassMutual publishes research on Asian Americans; John Hancock hires Infosys for digital modernization; Apple leads all companies in recent stock buybacks.
'If the Department does not appeal the Fifth Circuit’s decision, or it is not overturned on appeal, what will the Department do in the future to protect retirement savers from conflicted advice?' the senators asked.
The National Association of Insurance Commissioners (NAIC) is trying to modify reserve and capital requirements for variable annuity riders so that non-economic volatility is diminished, A.M. Best reported.
Milliman's forecasts for the discount rate range from a high of 4.43% by end of 2018 and 5.03% by end of 2019 to a low of 3.63% at end of 2018 and 3.03% by end of 2019.
As for structured annuities, LIMRA is now using the term “registered indexed-linked annuities” to describe them and will include them in its overall variable annuity sales figures. These products represent about 9% of the VA market.