Annuity Market News articles from November 2005

Annuity Market News archives from November 2005

Are We Killing Annuitization? Living Benefits Taking the Spotlight, Maybe for Good.
November 1, 2005... As variable annuity products continue to evolve, risks are mounting that traditional variable annuitization could end up on the endangered species list. The impending wave of retiring Baby Boomers is making retirement income more and more...

Industry Grapples with IRA Rollover Critics.(Individual retirement accounts)
November 1, 2005... Despite criticism and bad press, IRAs and IRA rollovers are a strong market for variable annuities. Sixty percent of all variable annuities sold are being used in IRA rollovers, according to the National Association for Variable Annuities...

Broker/Dealers Decide on Index Annuities.
November 1, 2005... NASD had aimed to spur broker/dealers into action by providing ground rules on how best to handle the sale of equity index annuities (EIAs) (see AMN, September 2005). The reaction from member firms and others has been slow and far from uniform,...

At Deadline.(New York Life Securities Corp.)(survey of baby boomers)
November 1, 2005... NASD: NYLife Failed to Supervise Rogue Broker NYLife Securities is on the hook with NASD for failure to supervise a rogue Louisiana broker and for a more general flaw in its analysis of client holdings. In July, the company signed a letter...

Correction.(Correction Notice)
November 1, 2005... Last month's Q&A with Wes Thompson of Lincoln Financial Distributors incorrectly stated that the company eliminated its retirement income unit and laid off over 1,000 workers. Lincoln did not get rid of the unit, eliminating 620 positions at...

Lincoln Buys Jeff-Pilot for $7.5 Billion.
November 1, 2005... The Lincoln Financial Group (LFG) in Philadelphia is buying Jefferson Pilot Financial of Greensboro, N.C., for an estimated $7.5 billion in cash and stock in what the companies term a "merger of equals." LFG expects to fund the transaction with...

People Moves.(Michael Weiss joins Independent Financial Marketing Group)(Margaret W. Skinner and Edward W. Cassidy joins Principal Financial Group)(Glenn S. Schafer will retire from Pacific Life Insurance Co)
November 1, 2005... IFMG Names New President Michael Weiss is the new president of Independent Financial Marketing Group, the bank distribution arm of Sun Life Financial. Reporting to Robert C. Salipante, president of Sun Life Financial U.S., Weiss replaces...

Top Five Objections to Annuitization.
November 1, 2005... Product design is important, but it is not the only way to combat objections to annuities. Even traditional life annuitization, either fixed or variable, can be appealing to most clients. Here are the five most common objections and various...