Total annuity sales rose 27% to $79.6 billion in Q3, Limra reported, while fixed-rate deferred annuity sales came in 159% higher than in the same quarter last year.
The ESG product would seek to expand disaster coverage and provide pricing transparency.
'No one is going to want to settle with broker-dealers over GWG claims until the bankruptcy is resolved,' an attorney said about the lawsuit filed by Emerson Equity.
Customer satisfaction drops soon after life insurance and annuities are purchased according to a new survey.
The firm designs and manages retirement plans, including 401(k)s, 403(b)s and 457(b)s, as well as defined-benefit and cash-balance plans.
Selling life insurance policies can help retirees meet expenses, but such transactions, known as life settlements, are overlooked by the financial planning world.
Perry, who most recently served as the firm's chief operating officer, succeeds Doyle Williams, who is returning to parent company Protective Life.
The lack of Democratic support likely would keep legislation on using alternatives in retirement plans out of the Secure 2.0 mix.
Limra estimates 86 million employees could have access to new insurance benefits within 2 years.
The Retirement Income Style Awareness profile matrix matches clients' preferences with financial solutions.
The largest American insurance companies have uneven track records with diversity when it comes to selecting asset managers.
Most advisers agree they should be providing health care advice, but they say they need better tools.
Bob Gaydos, CEO of Pendella, explains why employees need to focus on individual life insurance coverage.
Dallas-based Integrity is once again adding to its footprint with the the acquisition of Kansas City, Missouri-based Heartland.
The move to provide guaranteed lifetime income products in defined-contribution plans will transform retirement planning.
While the current economy is causing uncertainty and jitters, it’s also encouraging participants to act more like institutional investors.
The two private investors are investing $20 million of additional capital in the commission-free insurance specialist.
As clients consider the different types of coverage, they need to ask the correct questions and observe sign-up deadlines.
Total U.S. annuity sales rose 16% to $79.4 billion in the second quarter, nearly the exact opposite of the S&P 500's return.
The insurer will pay almost $21.6 million to consumers and their beneficiaries, along with $2.2 million to the New York State Medicaid program and a $2.5 million penalty to New York state.
