By Editor Test
Bob O'Donnell talked to RIJ about sustaining VA guarantees in an uncertain rate environment, and about the public's ability to understand VA riders. MetLife, AXA Equitable, and Jackson National also comment here on limiting new contributions to older, richer contracts.
By Editor Test
Symetra Life and Russell Investments have teamed up to build a low-cost variable annuity with a lifetime income feature that doesn't involve costly hedging, insurance charges or commissions.
By Editor Test
SWAPA members will be able to use Income Solutions to buy annuities with IRA rollover assets or non-qualified savings. The platform includes fixed deferred, single premium immediate, and longevity annuity contracts.
By Editor Test
Unemployment shocks at ages 57 to 61 have the biggest long-term effect on survival, while shocks at earlier (ages 55 to 56) or later (ages 62 to 65) ages have no significant long-term effect, economists at Wellesley College found.
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Dietrich & Associates inflated bids from other insurers to hide a secret 2% payment from The Hartford on a $26.1 million pension deal in 2004, the Labor Department claims.
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Mortality levels among purchasers of guaranteed living benefits are lower than among variable annuity purchasers who did not buy a guaranteed living benefit, according to the 2012 Variable Annuity Mortality Study from Ruark Consulting.
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"While there is a debate about the effectiveness of QE measures in stimulating the economy, there is little doubt that they have provided a boost to equity markets," writes John Praveen of Prudential International Investments Advisors.
