AIG boss Robert Benmosche has offered a radical yet simple solution to gaping shortfalls in government pension and medical programs. Push the retirement age back -- way back.
Firm joins the likes of LPL Financial, Commonwealth and Royal Alliance
Axa aims to offer VA policyholders a hike in account value if they agree to cancel a generous death benefit. If the plan works, expect other insurers to follow suit. Says one industry watcher: 'The floodgates will open.'
After strong growth in 2010 and 2011, VA sales are expected to slow as products become less attractive, guaranteed-withdrawal percentages slide and fees continue to skyrocket.
Insurer turns focus to tax deferral, alt investments and fee-based advisers
Claims agents coached them to tell insurer they were paying for policy premiums when outside parties actually did so
In March, Aviva sued six life insurance agents over Stoli policies sold to 119 members of a church in Los Angeles. Now, those agents have fired back, claiming the carrier consented to the offer of the coverage.
Jackson National Life Insurance Co. will pay $621 million in cash for the life insurance assets of Swiss Re Group's American division
Jefferson National Life Insurance Co. has bolstered its roster of alternative-investment offerings
In-force VA block lapse rate jumped by nearly 50% after Hartford announced it would leave annuity biz; many contracts in the money
Company not prepared to put annuities manufacturer on its platform
Multistate settlement follows review on whether companies were holding funds that should go to beneficiaries.
Guggenheim's purchase of the Dodgers to close April 30, reportedly insurers will be tapped
Carrier's wholesalers met with advisers as recently as last week, said insurer was “committed” to annuity space
Kiley says A rating will boost distribution of annuities; carrier's premiums already on the rise
