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Archive for March 2010

Annuities are perfect for some investors

{March 31st, 2010} by Ric Romero

Annuities are Perfect for Some Investors LOS ANGELES (KABC) — Annuities do have their advantages, lifetime income, inflation protection, and principle protection among others. On the other hand, expect a lower return on your investment, and your money is often locked in. Even so, one Burbank woman found it to be perfect. Three years ago, […]

Unite to Fight 151A!

{March 30th, 2010} by American Equity

Unite to Fight 151A! Let’s Save Fixed Indexed Annuities March 29th – April 9th Our U.S. Senators will be back in their local state offices. Please take just a few minutes and reach out to them. If your Senator has not yet agreed to co-sponsor Senate Bill S1389 then please ask them to do so. […]

Genworth Life Insurance Company Launches Total Living Coverage(R) Annuity

{March 30th, 2010} by N/A

March 29, 2010 | PR Newswire US Copyright: unknown Source: PR Newswire US Wordcount: unknown RICHMOND, Va., March 29 /PRNewswire-FirstCall/ — Genworth Financial, Inc., (NYSE: GNW) announced today a new product addition to help consumers move toward financial security and independence.  Total Living Coverage® Annuity (TLCA) is a linked-benefit product that links the safety and […]

NAIC Tightens Annuity Marketing Model

{March 30th, 2010} by N/A

March 29, 2010 DENVER (March 28, 2010) — The National Association of Insurance Commissioners (NAIC) adopted revisions to the Suitability in Annuity Transactions Model Regulation to strengthen the existing model’s provisions to better protect consumers from inappropriate and abusive marketing practices.“After working with consumers, regulators and industry representatives, we have developed stronger standards to better […]

NAIC Acts On Annuity Suitability, Contract Resales

{March 30th, 2010} by Warren S. Hersch

By WARREN S. HERSCH Published 3/29/2010  The National Association of Insurance Commission has revised an annuity consumer protection model and announced plans to hold hearings on the growing secondary market for annuities. Members of the NAIC, Kansas City, Mo., voted this week at the spring meeting in Denver to adopt revisions to the Suitability in Annuity […]

Insurance regulators bolster annuity suitability rules

{March 29th, 2010} by Darla Mercado

By Darla Mercado March 29, 2010 3:46 pm ET New amendments to the National Association of Insurance Commissioners’ annuity suitability model regulations will hold carriers responsible for ensuring that all annuity transactions are suitable for clients. Previously, the suitability rule imposed an obligation on insurers only with respect to variable annuities. The rule originally was […]

Annuities issuers strive for investors' 'sweet spot'

{March 29th, 2010} by Joe Gardyasz

BY JOE GARDYASZ While many frantic investors were watching the values of their 401(k) nest eggs plummet by 40 percent or more in the stock market last year, others were turning to the guaranteed safety of indexed annuity contracts, which drove sales of the complex investment-insurance hybrid products to record levels in 2009. Sales of […]

Conseco Seeks Name Change

{March 29th, 2010} by NU ONLINE NEWS SERVICE

By NU ONLINE NEWS SERVICE Published 3/25/2010  Conseco Inc. (NYSE:CNO) wants to become CNO Financial Group Inc. Conseco, Carmel, Ind., will ask shareholders for permission to change its name May 11, at the company’s annual meeting, the company says. Conseco is the parent of Bankers Life and Casualty Company, Colonial Penn Life Insurance Company, and Washington […]

ING to Launch Registered Indexed Annuity

{March 29th, 2010} by Howard J. Stock

By Howard J. Stock March 26, 2010 ING is launching a registered indexed annuity, called Select Multi-Index, in May. The product provider is voluntarily registering the indexed annuity with the Securities and Exchange Commission. While ING says the move to register the product has more to do with marketing the product to wirehouse reps leery […]

B-Ds reluctant to OK exchanges into LTC

{March 29th, 2010} by Darla Mercado

Paperwork, suitability, supervision key concerns in swapping clients out of annuities or insurance  By Darla Mercado March 28, 2010 6:01 am ET  Financial advisers had hoped to begin this year with new momentum — the ability to swap clients out of existing annuities or insurance in exchange for long-term-care coverage — but broker-dealers have hit […]

Insurance industry blasts tax on annuity income

{March 29th, 2010} by Darla Mercado

By Darla Mercado March 26, 2010 10:53 am ET Members of the life insurance and annuities industries have asked senators to rethink a portion of the health care bill that would hit annuity income with Medicare taxes. “These annuities are used by millions of Americans to achieve retirement security,” stated the March 24 letter, which […]

FIA Fly-In: Participants May Have Signed 15 New Cosponsors

{March 29th, 2010} by Allison Bell

By ALLISON BELL Published 3/26/2010  The producers and others who went to Washington earlier this month to support a bill that would define fixed indexed annuities as insurance products may have lined up about 15 new cosponsors in the House. Blair O’Connor, legislative affairs committee chair at the National Association for Fixed Annuities, Milwaukee, and chairman […]

McDonnell, O'Malley Named to Top Posts at Penn Mutual

{March 25th, 2010} by Ronald Panko

March 24, 2010 | BestWire Copyright 2010 A.M. Best Company, Inc.All Rights Reserved BestWire March 23, 2010 Tuesday 12:18 PM EST 180 words McDonnell, O’Malley Named to Top Posts at Penn Mutual Ronald J Panko HORSHAM, Pa. The Penn Mutual Life Insurance Co. has named Eileen McDonnell president and has elected her to the 163-year-old […]

McDonnell, O’Malley Named to Top Posts at Penn Mutual

{March 25th, 2010} by Ronald Panko

March 24, 2010 | BestWire Copyright 2010 A.M. Best Company, Inc.All Rights Reserved BestWire March 23, 2010 Tuesday 12:18 PM EST 180 words McDonnell, O’Malley Named to Top Posts at Penn Mutual Ronald J Panko HORSHAM, Pa. The Penn Mutual Life Insurance Co. has named Eileen McDonnell president and has elected her to the 163-year-old […]

Insurance Coalition Protests Annuity Tax

{March 25th, 2010} by N/A

March 24, 2010 A coalition of insurance associations issued a letter to federal legislators in protest of a tax included in the new health care reform bill. This is the text of the letter:

Ohio Raises Annuity Protection Limit

{March 25th, 2010} by NU ONLINE NEWS SERVICE

By NU ONLINE NEWS SERVICE Published 3/24/2010  The Ohio General Assembly has approved a bill that will increase the level of protection for annuity holders to $250,000, from $100,000. The change will take effect May 26, according to officials at the Ohio Department of Insurance. The “increase will not apply to any insurer that is currently […]

Response: Equity-indexed annuities: Rip-off or bad rap?

{March 24th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with Pop Economics ORIGINAL ARTICLE CAN BE FOUND AT:  Equity-indexed annuities: Rip-off or bad rap? Dear Pop Economics blogger, Good afternoon. I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of […]

Response: Equity Indexed Annuities — The Bitter Truth

{March 24th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with ProWriter ORIGINAL ARTICLE CAN BE FOUND AT: Equity Indexed Annuities — The Bitter Truth  Dear Mr. “ProWriter,” I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of these products for over […]

Old Mutual Still Going Strong

{March 24th, 2010} by N/A

March 23, 2010 The Old Mutual Group is well positioned to dominate the financial services sector as they weathered the financial and economic storm over the past two years, said Johannes !Gawaxab, managing director of Old Mutual’s African Operations when announcing his company’s financial results for 2009 on Monday. According to !Gawaxab, Old Mutual Namibia […]

Wall Street's Fear Gauge Sinks to 2-Year Low

{March 24th, 2010} by N/A

By THE ASSOCIATED PRESS Published: March 23, 2010 Filed at 5:12 p.m. ET BOSTON (AP) — What’s not to like about this stock market? It’s been steadily rising for more than a month. And it’s been the kind of gentle climb that appeals to investors eager for a respite from a couple years of sharp […]

Wall Street’s Fear Gauge Sinks to 2-Year Low

{March 24th, 2010} by N/A

By THE ASSOCIATED PRESS Published: March 23, 2010 Filed at 5:12 p.m. ET BOSTON (AP) — What’s not to like about this stock market? It’s been steadily rising for more than a month. And it’s been the kind of gentle climb that appeals to investors eager for a respite from a couple years of sharp […]

American National Announces New York Subsidiary

{March 22nd, 2010} by N/A

GALVESTON, Texas, March 19 /PRNewswire-FirstCall/ — American National Insurance Company (Nasdaq: ANAT) of Galveston, Texas is pleased to announce the formation of a new subsidiary, American National Life Insurance Company of New York, with headquarters in Glenmont, New York.  The company was incorporated under the laws of New York on October 15, 2009 and received […]

Response: Want Recovery? History Says Be Patient. Very Patient.

{March 18th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with Eric Schurenberg ORIGINAL ARTICLE CAN BE FOUND AT: Want Recovery? History Says Be Patient. Be Very Patient. Mr. Schurenberg, Good afternoon. I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of […]

Response: Equity-Linked Certificated of Deposit: The Safer Low-Cost EIA Alternative

{March 18th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with Jeffrey Voudrie ORIGINAL ARTICLE CAN BE FOUND AT: Equity-Linked Certificates of Deposit: The Safer Low-Cost EIA Alternative  Jeff, How can I be so fortunate to correct you on inaccurate blogs that you have written twice in a 24-hour time period? Three times in a week in fact, and the fifth […]

Response: Retirement Safety Comes with Earnings Cap

{March 17th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with U.S. News & World Report ORIGINAL ARTICLE CAN BE FOUND AT: Retirement Safety Comes with Earnings Cap Mr. Philip Moeller, I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of these […]

Response: Annuities? Give Me a Break!

{March 17th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with Jeffrey Voudrie ORIGINAL ARTICLE CAN BE FOUND AT: Annuities? Give Me a Break!  Jeff,  As you well know, I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of these products for […]

Fly-In Attracts Four Commissioners

{March 17th, 2010} by Allison Bell

By ALLISON BELL Published 3/17/2010  WASHINGTON–Organizers of the fixed indexed annuity fly-in event have attracted at least two members of Congress and four insurance commissioners. Rep. Gregory Meeks, D-N.Y., who has sponsored H.R. 2733, the Indexed Annuities and Insurance Products Classification Act of 2009 bill, with Rep. Thomas Price, R-Ga., will speak today at a breakfast […]

Securian's Individual Life Sales Soar

{March 16th, 2010} by N/A

ST. PAUL, Minn., March 15 /PRNewswire/ — Individual life sales at Securian’s Minnesota Life Insurance Company were up 57 percent in 2009 despite an industry-wide drop of 16 percent, according to an industry report. Limra, a trade group that tracks life insurance industry data, says 2009 industry-wide “… Year-end sales were 16 percent lower than […]

Securian’s Individual Life Sales Soar

{March 16th, 2010} by N/A

ST. PAUL, Minn., March 15 /PRNewswire/ — Individual life sales at Securian’s Minnesota Life Insurance Company were up 57 percent in 2009 despite an industry-wide drop of 16 percent, according to an industry report. Limra, a trade group that tracks life insurance industry data, says 2009 industry-wide “… Year-end sales were 16 percent lower than […]

Old Mutual Seeks Value Boost From U.S. Assets

{March 16th, 2010} by Sheryl J. Moore

March 12, 2010 | AllAfrica.com Copyright: Business Day. Distributed AllAfrica Global Media (allAfrica.com). Source: AllAfrica.com Wordcount: unknown Johannesburg, Mar 12, 2010 (Business Day/All Africa Global Media via COMTEX) — LONDON-based Old Mutual yesterday outlined a new strategy to extract more value from its ailing US businesses, with the potential sale of US Life and a […]

Indexed Annuity Complaints Down Again for 2009

{March 16th, 2010} by Sheryl J. Moore

Click here for a PDF of this article, which is also located at Indexed Annuity Complaints Down Again for 2009.

Regulatory Struggles and Capital Issues Should Not Impede Sales of Fixed Annuities in 2010

{March 15th, 2010} by Sheryl J. Moore

Click here for the article.

Indexed Annuity Complaints Down Again for 2009

{March 15th, 2010} by Sheryl J. Moore

For anyone who thinks that indexed annuity complaints are a problem, I’ve got news for you…THEY ARE MINISCULE! I am very happy to report that indexed annuity complaints were down again for 2009. See data below from the National Association of Insurance Commissioner’s Closed Complaint Database: TOTAL INDEXED ANNUITY COMPLAINTS FOR 2006: 187 TOTAL INDEXED […]

The Most Costly Mistake Your IRA Client Must Avoid

{March 15th, 2010} by David F. Royer

Click here for article.

FIA Fly-In: Producer Hopes To Spread Awareness

{March 15th, 2010} by Allison Bell

By ALLISON BELL Published 3/12/2010  Jason Kestler, one of the organizers of the March 17 Rule 151A fixed indexed annuity fly-in, says the key to talking to the folks on Capitol Hill is to remember that they are people, too. Kestler is president of Kestler Financial Group Inc., Leesburg, Va., and chair of the insurance marketers […]

National Western Life Announces 2009 Fourth Quarter and 2009 Earnings

{March 12th, 2010} by N/A

March 12, 2010 AUSTIN, Texas, March 12 /PRNewswire-FirstCall/ — Ross R. Moody, President of National Western Life Insurance Company (Nasdaq: NWLI), announced today fourth quarter 2009 consolidated net earnings of $12.7 million, or $3.59 per diluted Class A common share, compared with consolidated net earnings of $10.9 million, or $3.06 per diluted Class A common […]

Happy Birthday, Indexed Annuities!

{March 12th, 2010} by Sheryl J. Moore

Indexed annuities were developed 15 years ago as of February 2010. These products are still a “baby” in terms of the product life cycle, considering that fixed annuities have been around since the 1600’s. As of 4Q2009, indexed annuities account for 12.82% of all annuity sales (fixed, indexed, and variable). Interestingly, indexed life is two […]

Minnesota Fines American Equity $275,000 in Cross-Border Annuity Sales Case

{March 12th, 2010} by Fran Matso Lysiak

March 11, 2010 The Minnesota Department of Commerce fined an Iowa-based life insurer $275,000 for allegedly selling annuity contracts that state didn’t approve. People who bought these annuities from American Equity Investment Life Insurance Co. faced higher surrender charges and less favorable terms, the department said. Minnesota law requires that any annuity contract issued to […]

UPDATE 4-Old Mutual strategic shake-up disappoints

{March 12th, 2010} by Myles Neligan

  * To sell U.S. life unit, eyes IPO of U.S. asset management * Targets cost savings of 100 million sterling by 2012 * Reinstates dividend with 1.5 pence payout * Shares close 1.4 percent lower (Adds fresh analyst reaction, background, closing shares) By Myles Neligan LONDON, March 11 (Reuters) – Insurer Old Mutual (OML.L) […]

Rule 151A Fly-In Organizers: There Is Still Time To Join Us

{March 12th, 2010} by Allison Bell

By ALLISON BELL Published 3/11/2010  If 500 people show up in Washington for the fixed indexed annuity legislative “fly-in” next week, Blair O’Connor will find some place to send them. O’Connor, president of Producer’s Choice Inc., Sterling Heights, Mich., is helping to lead efforts to organize the March 17 fly-in. O’Connor, who is legislative affairs committee […]

Response: Today's lesson: Avoid equity-indexed annuities

{March 11th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with Scott Burns ORIGINAL ARTICLE CAN BE FOUND AT: The Statesmen Mr. Scott Burns, Good afternoon. I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of these products for over a decade. […]

Response: Today’s lesson: Avoid equity-indexed annuities

{March 11th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with Scott Burns ORIGINAL ARTICLE CAN BE FOUND AT: The Statesmen Mr. Scott Burns, Good afternoon. I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of these products for over a decade. […]

Response: Crooks Are After Your Retirement Plan

{March 10th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with Kathy Kristof ORIGINAL ARTICLE CAN BE FOUND AT: CBS MoneyWatch Kathy, As you well know, I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of these products for over a decade. […]

Minnesota fines WDM company over annuities

{March 9th, 2010} by Karen Mracek

By KAREN MRACEK • kmracek@dmreg.com • March 9, 2010 American Equity Investment Life Insurance Co. has been fined $275,000 for allegedly selling unapproved annuity contracts in Minnesota. Consumers who purchased the annuity contacts by the West Des Moines company between 2002 and November 2008 were “subject to higher surrender charges and less favorable terms” because […]

Response: Annuities: Rising Interest Rates: Another Reason To Avoid Equity-Indexed Annuities

{March 9th, 2010} by Sheryl J. Moore

PDF for Setting It Straight with Jeffrey Voudrie ORIGINAL ARTICLE CAN BE FOUND AT: Annuities Blog  Jeffrey,  As you well know, I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of these products for over a decade. […]

Philanthropist Sued For Insurance Scheme

{March 9th, 2010} by N/A

March 08, 2010 | UPI Business News Copyright: United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI’s prior written consent. Source: UPI Business News Wordcount: unknown Three insurance companies are suing a well-known Rhode Island philanthropist on grounds he preyed on the terminally ill […]

Oregon Increases Annuity Guarantee Limit

{March 9th, 2010} by NU ONLINE NEWS SERVICE

By NU ONLINE NEWS SERVICE Published 3/8/2010  Oregon Gov. Ted Kulongoski has signed a bill that will increase the maximum annuity coverage limit in the state to $250,000, from $100,000. The bill, Senate Bill 1002, will protect consumers who seek reimbursement because their insurer becomes insolvent, officials say. The annuity guaranty increase is the first Oregon […]

Prudential to Buy AIG's AIA for $35.5B

{March 5th, 2010} by N/A

March 01, 2010 Copyright: Business Wire Source: Business Wire Wordcount: unknown Transaction to Yield Approximately $25 Billion in Cash upon Closing to Repay Federal Reserve Bank of New York Transaction Underscores AIG’s High Priority to Repay Taxpayers as Quickly as Possible NEW YORK–(BUSINESS WIRE)– American International Group, Inc. (AIG) (NYSE: AIG) announced today a definitive […]

Prudential to Buy AIG’s AIA for $35.5B

{March 5th, 2010} by N/A

March 01, 2010 Copyright: Business Wire Source: Business Wire Wordcount: unknown Transaction to Yield Approximately $25 Billion in Cash upon Closing to Repay Federal Reserve Bank of New York Transaction Underscores AIG’s High Priority to Repay Taxpayers as Quickly as Possible NEW YORK–(BUSINESS WIRE)– American International Group, Inc. (AIG) (NYSE: AIG) announced today a definitive […]

A.M. Best Places Ratings of Jackson National Life Insurance Company and Its Affiliates Under Review With Negative Implications

{March 5th, 2010} by N/A

March 04, 2010 A.M. Best Co. has placed the financial strength rating of A+ (Superior) and issuer credit ratings of “aa-” of Jackson National Life Insurance Company, its wholly owned subsidiary, Jackson National Life Insurance Company of New York and their direct parent, Brooke Life Insurance Company (collectively referred to as JNL) under review with […]

Aviva profit is $2 billion with goal of U.S. growth

{March 5th, 2010} by Karen Mracek

By KAREN MRACEK • kmracek@dmreg.com • March 5, 2010 Aviva PLC reported a return to annual profits Thursday and reinforced its commitment to grow in the U.S. market. The British insurer reported a net profit of almost $2 billion, compared with a loss in the previous year. Operating profits fell 12 percent to $3.04 billion […]

ING Plans to Sell All Insurance Units Together, Kliphuis Says

{March 5th, 2010} by Krystof Chamonikolas and Martijn van der Starre

By Krystof Chamonikolas and Martijn van der Starre March 5 (Bloomberg) — ING Groep NV, the biggest Dutch financial-services company, plans to sell all of its insurance businesses together in an initial public offering, the head of the central European insurance division said. ING will “prepare for an initial public offering of the global insurance […]

NAIC To Hold Hearings On Annuity Secondary Market

{March 5th, 2010} by N/A

By NU ONLINE NEWS SERVICE Published 3/4/2010  The National Association of Insurance Commissioners today announced plans to hold a public hearing on the emergence of stranger-originated and stranger-owned annuities. “The hearing will focus on the suspect practice of targeting seniors and terminally ill patients by inducing them to purchase an annuity largely for the benefit of […]

Execs at annuity underwriter pay $1M to settle SEC probe

{March 4th, 2010} by N/A

By Associated Press March 4, 2010, 8:54 AM EST           American Equity Investment Life Holding Co. on Wednesday said two top executives will pay more than $1 million in penalties as part of a settlement of a Securities and Exchange Commission inquiry into disclosures on a company proxy statement. The annuity […]

S&P indices to change after acquisitions

{March 4th, 2010} by N/A

By Associated Press March 4, 2010, 9:32 AM EST           Standard & Poor’s said Wednesday it is changing the makeup of its indices after a number of acquisitions.Denbury Resources Inc. is acquiring Encore Acquisition Co., a constituent of the S&P MidCap 400 index. Encore will be replaced by Transatlantic Holdings Inc. […]

S&P indices to change after acquisitions

{March 4th, 2010} by N/A

By Associated Press March 4, 2010, 9:32 AM EST           Standard & Poor’s said Wednesday it is changing the makeup of its indices after a number of acquisitions.Denbury Resources Inc. is acquiring Encore Acquisition Co., a constituent of the S&P MidCap 400 index. Encore will be replaced by Transatlantic Holdings Inc. […]

Response: Equity-Indexed Annuities on Roll at Banks, With SEC's Help

{March 4th, 2010} by Sheryl J. Moore

PDF For Setting it Straight with Insurance Networking News ORIGINAL ARTICLE CAN BE FOUND AT: Equity-Indexed Annuities on Roll at Banks, with SEC’s Help Dear Mr. Garmhausen: I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of […]

Response: Equity-Indexed Annuities on Roll at Banks, With SEC’s Help

{March 4th, 2010} by Sheryl J. Moore

PDF For Setting it Straight with Insurance Networking News ORIGINAL ARTICLE CAN BE FOUND AT: Equity-Indexed Annuities on Roll at Banks, with SEC’s Help Dear Mr. Garmhausen: I am an independent market research analyst who specializes exclusively in the indexed annuity (IA) and indexed life markets. I have tracked the companies, products, marketing, and sales of […]

NAFA Fly-In To Promote Annuity Bill To Senators

{March 3rd, 2010} by Linda Koco

By LINDA KOCO Published 3/2/2010 The National Association for Fixed Annuities is planning a fly-in visit to Capitol Hill to promote S. 1389–legislation that would ensure that annuities cannot be regulated as securities. An estimated 150 members and supporters of the association will fly to Washington, D.C. March 16-17 to visit with lawmakers about that bill, […]

ING Gets Wiggle Room On Insurance Sell-Off

{March 3rd, 2010} by N/A

* EU ruling gives it past 2013 deadline for asset sales * Requires a partial sale first through an IPO process * Analysts see business fetching 15 bln euros or more AMSTERDAM, March 2 (Reuters) – Dutch financial services group ING (ING.AS)(ING.N) said it can potentially extend the sale of its worldwide insurance business beyond […]

Allianz Life CEO Says Distribution System Needs to Be More Responsive

{March 2nd, 2010} by N/A

March 1, 2010 SOURCE: InsuranceNewsNet, Inc. Gary C. Bhojwani, President & CEO of Allianz Life Insurance Company of North America In this interview, Bhojwani discusses product trends, distribution issues and life settlement securitization. This is a longer version of the Perspectives appearing in the March edition of InsuranceNewsNet Magazine. INN: What are the sales trends […]

Allianz Life's MasterDex X still top of the indexed-annuity heap

{March 2nd, 2010} by Darla Mercado

Sales of the popular product helped Allianz maintain its place as the top seller of indexed annuities By Darla Mercado March 1, 2010 Sales of indexed annuities set a record last year, surpassing $30 billion — despite a modest 2.7% decline in sales in the fourth quarter. According to data from AnnuitySpecs.com’s Indexed Sales and […]

Allianz Life’s MasterDex X still top of the indexed-annuity heap

{March 2nd, 2010} by Darla Mercado

Sales of the popular product helped Allianz maintain its place as the top seller of indexed annuities By Darla Mercado March 1, 2010 Sales of indexed annuities set a record last year, surpassing $30 billion — despite a modest 2.7% decline in sales in the fourth quarter. According to data from AnnuitySpecs.com’s Indexed Sales and […]

Roth conversions taking off in 2010

{March 2nd, 2010} by David Hoffman

Some fear fund companies are pushing the IRAs too aggressively in pursuit of fees, commissions By David Hoffman February 28, 2010 Upper-income investors are taking advantage of a change in the tax law and rushing to convert their traditional individual retirement accounts or old 401(k) plans into Roth IRAs, according to an informal survey of […]

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