Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
The insurance industry wants Congress to do something about the Byzantine system of state-by-state agent licensing and oversight.
Marsh & McLennan Cos. stock slipped after Brian M. Storms stepped down as CEO of Marsh Inc. on Friday.
Insurance regulators are joining the attack on investment fraud that targets older Americans.
Craig A. Merdian has joined New York Life International as executive vice president and CFO.
With a recently passed law, the Department of Defense has declared war on bogus financial advisers.
Individual annuity sales increased 6% in the second quarter to a record of $66.5 billion over the same period in 2006.
Richard M. Reilly, Michael Gilotti and Mathew Greenwald were honored and six new board members were added.
Seniors may want to sell their homes and move in with relatives as a way to reduce overhead expenses.
Life insurance brokerage agencies could save up to $377 million annually in agent licensing costs if Congress were to adopt legislation.
Nationwide Financial Services Inc. has kicked off enhancements to its Lifetime Income Rider.
Gordon Robert Moore was indicted by a Colorado grand jury on 45 counts of theft, securities fraud and forgery.
New York Life Insurance Co. has named Steven Lash as senior vice president of the corporate finance department and Richard Witterschein as the company’s new first vice president and treasurer of the department.
CHICAGO — While income annuities are the most cost-effective way to provide income at retirement, investors are reluctant to purchase them, according to a new study.
Two insurance associations want the NGA to support legislation creating an optional federal charter for insurance regulation.
The variable annuity has a withdrawal base that will grow at least 7% annually during its first 10 years.
Michael S. Flanagan has been named managing director within the Aon Technology Group, which is part of Aon Risk Services.
The SEC has settled with General American Life Insurance Company and a former executive for late trading.
Borrowers just above subprime are reporting more residential mortgage delinquencies, according to AIG.
