Annuity Market News articles from August 2006

Annuity Market News archives from August 2006

Carriers Sweeten Variable Annuities With Bonuses for Deferred Withdrawals.(Lincoln Financial Group)(Sun Life Group of America Inc.)
August 1, 2006... Guaranteed living benefits are all the rage in the annuities industry these days, and one of the latest wrinkles in this genre is the deferred withdrawal bonus. What the benefit does is reward annuity holders for postponing income withdrawals...

NAIC Plans Interstate Compact for Early 2007.(National Association of Insurance Commissioners )
August 1, 2006... The National Association of Insurance Commissioners of Kansas City, Mo., plans to make its compact to streamline state oversight of insurance products operational in early 2007. Its Commission of the Interstate Insurance Product Regulation...

Flat Yield Curve Keeps Fixed Annuities in a Fix But 5% Could Be a Tipping Point'.
August 1, 2006... The Federal Reserve's decision to raise the benchmark short-term interest rate by another 25 basis points on June 29 to 5.25% was potentially good news for marketers of fixed annuities. After all, rising rates can be a tonic for fixed products....

The Dawn of Process Proliferation': Moving From Selling Products to Retirement Planning.(Column)
August 1, 2006... While waiting in an airport terminal for a flight home from a recent consulting trip, I heard music from the 1960s hit stage play "Hair" coming from a local eating establishment. The words, "This is the dawning of the Age of Aquarius. Harmony...

At Deadline.
August 1, 2006... Banks' Variable Annuity Sales Set All-Time High After being flat for about a year, variable annuity sales through banks reached an all-time high in the first quarter, but observers say second-quarter prospects do not appear as promising....

People Moves.(Old Mutual Financial Network- Patrick Ferrer )(Old Mutual Financial Network - Steve Busam )(Securian Financial Group - Hal R. Harris )
August 1, 2006... Old Mutual Hires Ferrer as VP, Annuity Distribution Old Mutual Financial Network has hired Patrick Ferrer as vice president, variable annuity distribution. In this position, he is in charge of sales, marketing and channel management and...

Low-Cost Variable Annuity Market Grows.(Jefferson National Life Insurance Co)(Protective Life Corp.)(Integrity Life Insurance Co.)
August 1, 2006... Insurers that traditionally have sold products in the broker/dealer market are targeting fee-only advisers with low-cost products that deliver high net returns. Jefferson National Life Insurance of Dallas recently introduced Monument...