Annuity Market News articles from October 2006

Annuity Market News archives from October 2006

Annuities to Benefit From Pension Reform.
October 1, 2006... Variable annuity issuers should benefit from the recently enacted Pension Protection Act signed into law last August by President Bush. "We think it is positive for the annuity industry," said Mike DeGeorge, vice president and general...

Annuity Postcards from the Edge: Is This Any Way to Market Fixed Annuities?
October 1, 2006... Over the past two years, tens of millions of Americans in more than 40 states have received small white postcards that proclaim in large black type: "NOTICE-Dear Annuity Holder: This notice is to inform you that you may have an annuity...

Annuities Angle for Shelf Space in 401(k) Plans.
October 1, 2006... Sensing a new interest in guaranteed income products on the part of Baby Boomers, retirement plan sponsors and even members of Congress, a few insurers are now promoting annuities as investment options in 401(k) plans. Three...

People Moves.(briefs: new appointments and promotions)
October 1, 2006... Sipprell Becomes Head Of Allianz Annuity Unit Allianz Life Insurance has named Dave Sipprell president of fixed and fixed index annuities, the largest line of business for the company. Allianz was the top writer of fixed annuities among...

At Deadline.(Allstate Insurance Co.)(Ben Bernanke's investments)(Brief article)
October 1, 2006... Allstate Obtains Patent For Treasury Links Four years after introducing its first Treasury-indexed deferred fixed annuity, Allstate has been granted a patent on the methods behind the product. Allstate's Treasury-Linked Annuity and...

AXA Adds First Stand-Alone GMWB.(AXA Equitable)
October 1, 2006... For every annuity provider looking to increase share of the retirement income market, education is as much the crux for success as differentiation. Few would disagree that the annuity world is confusing, and confusion builds walls that both...

AXA Launches Education Website.(AXA Equitable)(Brief article)
October 1, 2006... AXA Equitable not long ago launched the "Variable Annuities Knowledge Center," a comprehensive and completely independent online resource for evaluating whether a variable annuity is right for an individual's personal situation and future...

Lincoln Develops Innovative Survivorship VUL.(Lincoln National Life Insurance of Philadelphia )(variable universal life )
October 1, 2006... Lincoln National Life Insurance of Philadelphia has entered the survivorship variable universal life insurance (VUL) death benefit guarantee fray. The company's new Lincoln SVUL(One) product lets policyholders invest 100% in equity mutual...

MassMutual Offers Annuity Laddering Tool.(Massachusetts Mutual Life Insurance Co.)
October 1, 2006... In pursuit of the hundreds of billions of dollars that are rolled over from qualified retirement plans each year, MassMutual of Springfield, Mass., has introduced an insured product for the financial adviser channel that seamlessly blends...

Pension Act Boosts Long-Term Care Annuities.(Pension Protection Act of 2006)
October 1, 2006... Long-term care single premium fixed annuities could become the market's next hot product, thanks to the recently signed Pension Protection Act of 2006. One of the act's provisions stipulates that policyholders don't pay income taxes on annuity...

Income Annuities Poised to Meet Baby Boomers' Needs.(Interview)
October 1, 2006... Jeffrey K. Dellinger, an actuary, is chief executive officer and president of annuity consulting firm Retirement Income Solutions Enterprise in Fort Wayne, Ind. He is author of "The Handbook of Variable Income Annuities" and publisher of the...

Book Targets Retirement Crisis.
October 1, 2006... If you're a Baby Boomer facing retirement, and you're looking for break in the storm clouds facing you on the horizon, you won't find it in "But What If I Live?" The book, by Jackson National Life Distributors, Lansing, Mich., Executive...