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Annuity Market News articles from November 2004
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Annuity Market News archives from November 2004
At Deadline.(Annuities)(SwissGuard International)(Fidelity & Guaranty Life Insurance Co.)
November 1, 2004... Some Insurance Agents Tout Reverse Mortgages to Sell Annuities to Seniors
Can't afford a lump-sum annuity? Try using a reverse mortgage to fund the contract. This is the advice that many agents are giving to senior citizens, according to a...
New Insurers Joining Index Annuity Market.
November 1, 2004... Almost every annuity manufacturer that doesn't offer equity index annuities (EIAs) complains about them, but a few companies will be changing their tune soon enough.
Already, Principal Financial Group of Des Moines, Iowa, and AIG American...
Focus on Retirement Income Intensifies.
November 1, 2004... NEW YORK - Retirement income is on everyone's minds, within the annuity industry, at least. Positioning to capture that market was the theme of the annual meeting of the National Association for Variable Annuities of Reston, Va.
As part of...
The SERFF is Up With Electronic Filing: NAIC Interstate Compact Also Gaining More Traction.(National Association of Insurance Commissioners and System for Electronic Rate and Form Filing )
November 1, 2004... The National Association of Insurance Commissioners says that 93,000 filings have been submitted through August via its System for Electronic Rate and Form Filing (SERFF). That's nearly twice the number submitted during the first eight months...
Rising Interest Rates: How Big a Threat?
November 1, 2004... For writers of fixed annuities, the impact of rising interest rates largely depends on the speed with which rate hikes are implemented. Now that the Federal Reserve has embarked on a long-anticipated round of rate increases, life insurance...
People Moves.
November 1, 2004... Genworth Names CFO Of Retirement Income Unit
Genworth Financial has made several appointments and hired Kevin Helmintoller as chief financial officer of its retirement income and investments business. He most recently comes from MetLife,...
Bank Annuity Sales Falter in First Half.
November 1, 2004... Sales of annuities by banks in the first half of this year lagged behind 2003, according to figures compiled by Annuity Market News from monthly reports issued by Ken Kehrer Associates (KKA) of Princeton, N.J., and Jackson National Life...
Correction.
November 1, 2004... A chart listing the top 10 VA contracts in the August issue omitted bonus information on Pacific Life Value. It pays a 4% bonus on contracts less than $250,000 and 5% on contracts of $250,000 or more.