America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.
That’s a 15.3% gain from the same period last year, when net assets for variable annuities were $1.3 trillion.
The products give “windows of opportunity” to withdraw from the policy without incurring surrender charges.
Defined contribution plan administrators may be fined $1,000 a day if they fail to disclose documents to participants.
Aon's Combined Insurance will be sold to ACE for $2.4 billion and Munich Re is buying its Sterling unit for $352 million.
Elder-law attorneys are concerned that the new year will bring new rules in a number of states regarding how — and if — immediate annuities can work with Medicaid eligibility and planning.
The mind-set of clients presents a significant stumbling block to advisers who recommend annuities as a retirement-planning tool.
The insurance trade groups will join under the umbrella of LL Global but each will keep its name.
The Hartford announced today that it is purchasing Boston-based Sun Life Retirement Services Inc.
A 37-year veteran of the life insurance industry, Daniel J. Toran, 59, spent 12 years with the Horsham, Pa.-based company.
The House approved legislation that would shield millions from the AMT by raising taxes on hedge fund managers.
“This bill will shed light on the 401(k) selection process and give Americans more control over their retirement future,” Sen. Tom Harkin said.
H&R Block will record $74.8 million in restructuring charges related to shutting down its Option One Mortgage division.
The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.
The Department of Labor proposed a new rule for fiduciaries meant to increase fee disclosure in 401(k)s.
Assets in individual retirement accounts grew 16.5% in 2006 to a record $4.23 trillion, according to EBRI.
37% of workers born in 1990 will reach retirement age with no savings in a 401(k)-type account, says a report.
MetLife will now distribute its retail-deferred income annuity through the carrier’s independent distribution arm.
The Life and Health Insurance Foundation for Education yesterday chose Marvin H. Feldman as the group’s president and CEO.
The tax preparer's second quarter saw the shuttering of its troubled Option One Mortgage business.
