Annuities Industry News

Keeping You Up To Date With The Annuity Industry News.


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Insurance News Net

  • 2Q Annuity Sales Bust More Records August 21, 2019
    Second-quarter annuity sales were up sharply again across the board, continuing a sales rebound that began with the defeat of the Department of Labor fiduciary rule early in 2018. Sales were led by fixed indexed annuities. In the first six months of 2019, FIA sales were $38 billion, an increase of 18%, compared with the first six months of 2018, LIMRA report […]
    Staff Reports
  • Two Insurers To Pay $117,000 To Pennsylvanians In Annuity Churning Scam August 21, 2019
    Aug. 21-- Two life insurance companies have agreed to pay more than $117,000 to refund 25 Pennsylvanians who were sold financial products that unnecessarily cost them thousands of dollars, the state Insurance Department said Tuesday. A pair of agents from Pittsburgh, Donald L. Gilberg and Nicole P. Gilberg, convinced consumers to replace their annuities with […]
  • 3 Strategies To Protect Your Client’s 401(k) In A Volatile Market August 20, 2019
    Example: Purchase a $100,000 3- year annuity. The $100,000 grows to $120,000 over the 3 years. In year 4, all $120,000 is liquid. The post 3 Strategies To Protect Your Client’s 401(k) In A Volatile Market appeared first on InsuranceNewsNet.
  • CUNA Mutual Group Rolls Out Zone Income Annuity August 20, 2019
    CUNA Mutual Group issued the following news release:. CUNA Mutual Group today announced the launch of Zone Income Annuity, which includes features that address all phases of retirement, including a protected lifetime income feature that locks in a minimum income stream to the policyholder for life. "One of peoples' biggest fears--and they share it […]
  • Legal & General Agrees Completes Bulk Annuity Transaction With Hitachi Data Systems August 17, 2019
    Legal and General Group, a provider of insurance, savings and investment management products, issued the following news release, dated August 14:. Legal& General today announced that in H1 2019 it completed a bulk annuity transaction with the Hitachi Data Systems Retirement Benefits Plan, covering around 120 members. This is the third transaction between […]
  • Great American Life Gets IRS Ruling On Taxation Of Fee-Based Annuities August 13, 2019
    Great American Life ® is pleased to announce it received a Private Letter Ruling from the IRS that changes the tax treatment of advisory fees. Freeman Durham, Divisional Vice President and Senior Counsel, Great American Insurance Group– Annuities, says,“ We have been working with the IRS and other companies to achieve this change since 2017. The post Great A […]

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