Annuity Market News articles from April 2005

Annuity Market News archives from April 2005

At Deadline.(Jefferson Pilot Variable Corp.)
April 1, 2005... NASD Brings First Case For Timing VUL Policies The NASD has brought its first market-timing case involving variable universal life (VUL) policies. The organization has charged Jefferson Pilot Variable Corp. (JPVC) for "failing to have an...

Regulatory Concerns Weigh Heavily on Sales.
April 1, 2005... TUCSON, Ariz.-Variable annuity manufacturers have to balance the needs of different stakeholders in their efforts to design and sell their wares, as evidenced at the marketing conference of the National Association for Variable Annuities of...

Revenue Sharing Set for a Revolution.
April 1, 2005... ORLANDO, Fla.-Are you going to be paying for shelf space in the future? The fate of revenue sharing is an important question for insurance companies and broker/dealers alike and a keenly attended topic at various sessions during the...

NAIC Broker Comp Rules Under Fire.(National Association of Insurance Commissioners)
April 1, 2005... A proposed amendment to the already-adopted National Association of Insurance Commissioners' (NAIC) model legislation calling for broker disclosure is already raising serious concerns. At the center of the controversy is the amendment's...

People Moves.(appointments)
April 1, 2005... Parker Joins USAllianz as Divisional Vice President USAllianz Investor Services has brought on David Parker as divisional vice president. Parker oversees sales operations for the Northwest territory, which includes Washington, Oregon,...

Elder Abuse a Slippery Slope For Fixed Annuity Industry.
April 1, 2005... By Jeremy Alexander, President, CEO, Beacon Research, jeremy@beaconresearch.net If you are a seller of fixed annuities and have concerns over possible lawsuits, take a look at the case of Migliaccio v. Midland National Life (see sidebar),...

Migliaccio v. Midland National Life:.(Brief Article)
April 1, 2005... According to the complaint, 73-year-old John Migliaccio exchanged a $43,000 Conseco deferred annuity for a Midland deferred annuity. The Conseco contract was still subject to surrender charges but approaching maturity. The Midland product was...

Wireless Keeps Wholesalers Well-Connected.
April 1, 2005... Wireless technology has increased the amount of information wholesalers have access to on the road and made their work more efficient-or has it? The novelty of the technology and its application means that it has yet to fulfill its...

High Hopes for VA Exchange-Traded Funds.(variable annuities )
April 1, 2005... Integrity Life Insurance Co., Louisville, Ky., has high hopes for its variable annuities that offer exchange traded funds (ETFs). The insurer, along with its New York-based affiliate, National Integrity Life, offers ETF funds-of-funds in...

New York Life Ads Sell Company You Keep'.
April 1, 2005... Some may consider values like financial strength, integrity and humanity a bit stodgy for an advertising campaign by a financial services company in the 21st century, but not at New York Life. At the end of January, the 160-year-old firm...