The End of the VA Arms Race

The variable annuity "arms race" is over, a victim of the equity crash, low interest rates, and the destructive effects of competition for market share - mainly among publicly held life insurers. Here's a three-part look at what has happened, why it happened, and what could happen next in the "living benefit" space.

The Alt-Asset Teams that Reinvent Annuity Companies

'Insurance Solutions' groups use private assets to boost the returns of life/annuity company investment portfolios. RIJ talks with Todd Fonner of Investcorp Insurance Solutions about this trend.

One Life Insurer’s Pivot to Private Assets

American Equity Investment Life’s ‘AEL 2.0’ strategy is designed to help it thrive even in a low yield environment. Allocating up to 40% of its money to ‘private assets’ is key to the fixed annuity specialist's plan.

NAIC Eyes ‘Bermuda Triangle’ Strategy

A document from the NAIC's Financial Stability Task Force reflects the concerns that the NAIC has heard from a variety of sources about the increased ownership of life insurers by private equity firms. (Image from NAIC document.)
Featured

Mr. Indexed Annuity Goes To Washington

On a sultry afternoon in Washington, the Capitol looked stark, lonely, and forbidding. But NAFA members persevered in their long-planned "March to the Hill" to enlist legislators in a bi-partisan fight against SEC Rule 151A.

Prudential Retirement Weds GLWB to TDF

The new offering, a group variable annuity called IncomeFlex Target or IFX Target, is designed to be fully automatic. If not exactly a “cradle-to-grave” plan for qualified plan participants, it's potentially a “first-job-to-grave” plan.
News

Regulatory Cloud Stifles EIA Market

Only two new EIA contracts were issued in the first quarter of 2009, both with bonuses and both with mandatory GLWBs. They were Forethought Life’s single-premium Income 125 and American Equity’s flexible-premium Retirement Gold.

Without Golden, Will MassMutual’s RMA Lose Its Glow?

Jerry Golden has retired from Mass Mutual, leaving uncertainty over the future of the Retirement Management Account. MassMutual says the RMA, a tool for building income annuity ladders, "remains available."