Ted Mathas' promotion makes him the New York-based company’s 18th CEO in its 163-year history.
The model aims to create an industry standard to streamline the process of selling VA contracts and simplify compliance.
The combined total launches last year of exchange traded funds, variable annuities and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
Nearly half of pre-retirees believe they can withdraw 10% annually from their retirement savings, according to MetLife’s Mature Market Institute survey.
A.M. Best Co. today downgraded Security Benefit Life Insurance Co.’s financial strength rating to A- from A.
Sun Life Financial Inc.’s U.S. division in Wellesley, Mass., today introduced Retirement Blueprint, which helps advisers expand their role with their clients.
Women want to learn about preparing for retirement, but advisers who want to attract that market need to adapt their practices.
Equity index annuities could be regulated as securities if a proposal approved 3-0 today by the Securities and Exchange Commission is finalized.
The employee benefits provider was fined for for failing to report special payments to an insurance broker.
Market turmoil and rising interest rates might kick off a new season for the fixed annuity as the product emerges from the shadow of its variable cousin, an industry expert said.
Embedding annuities into target date funds might be the key to offering annuities as an investment option in 401(k) plans.
New York Life Insurance Co. has tapped Jon Stenberg to join the company as a senior vice president in the individual-life department.
Mark J. Schlafly will lead two broker-dealers, FSC Securities Corp. and Advantage Capital Corp., both of Atlanta.
The policy, the Lifetime FlexPlus II, features premiums that are 3% to 5% lower than those of the original version.
Pennsylvania Life Insurance has agreed to a $925,000 settlement following allegations of unsuitable annuity sales in Wisconsin.
The Lance Group specializes in school boards and municipalities and handles benefit plan analysis as well as design.
Martin J. Sullivan, CEO of American International Group, has been ousted from the New York-based insurer.
Supporters of simplified disclosures for variable annuities may get a boost from a proposal that state insurance regulators will soon consider.
Net assets in variable annuities have also risen, reaching $1.39 trillion, compared to $1.38 trillion in the first quarter of 2007.
