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Industry Articles

Annuities With GLBs Pose Risks To Financial System, FSOC Says

{May 21st, 2015} by Arthur D. Postal, arthur.postal@innfeedback.com

WASHINGTON — Annuities sold with guaranteed living benefits (GLBs) pose “meaningful financial risks” to the U.S. financial system, the Financial Stability Oversight Council (FSOC) said in its annual report. The report was released earlier this week. Moreover, the FSOC appeared to voice particular concern with fixed index annuities, citing their growth and the fact they […]

Allianz Life Hires Paige Vinall as Assistant Vice President Application Development

{May 21st, 2015} by Business Wire

MINNEAPOLIS–(BUSINESS WIRE)–Allianz Life Insurance Company of North America (Allianz Life®) hired Paige Vinall as assistant vice president of Application Development in the IT division. In her new role, Vinall leads the company’s technology strategy and business systems for variable annuities, fixed index annuities and sales. She is also responsible for developing the Allianz Life e-commerce […]

Latest twist on the annuity hits the market

{May 20th, 2015} by Bloomberg News

Natixis launching ‘retirement spending account’ through advisers; other companies expected to follow with me-too products They’re having another go at turning your retirement savings into an income stream that will last for the rest of your life. The problem is simple: You don’t know how long you’ll live, so it’s hard to know how fast […]

Investor Education Would Be Difficult Under DOL Standard, Lawyers say

{May 20th, 2015} by Arthur D. Postal, arthur.postal@innfeedback.com

Advisors will have a tough time promoting products such as annuities in educational materials without potentially violating the Department of Labor’s proposed fiduciary standard, industry lawyers say. The investment materials that would potentially be subject to the new standard include plan information, general investment information, asset allocation models and interactive investment materials, according to lawyers […]

FIA Sales Rise In Otherwise Tough 1Q

{May 20th, 2015} by Linda Koco, linda.koco@innfeedback.com

All but two annuity lines saw sales fall in first quarter 2015 over first quarter last year, according to sales estimates from LIMRA Secure Retirement Institute (LIMRA SRI). The two product stars were fixed index annuities (FIAs) on sales of $11.6 billion, and structured settlements on sales of $1.4 billion. Sales for these products increased […]

Indexed Universal Life Policies: Watch These Risks

{May 20th, 2015} by Justin Keupper

Universal Life insurance policies come in many different flavors, ranging from low-risk fixed rate to higher risk variable models. Of course, the trade-off is that fixed rate models have lower returns and variable models involve the potential for a decline in value. A new rapidly growing type of policy promises to offer the benefits of […]

Pacific Life Ranks Number One in Indexed Universal Life Insurance Sales for 2014

{May 20th, 2015} by Marketwired

NEWPORT BEACH, CA — (Marketwired) — 05/20/15 — Pacific Life Insurance Company once again led the industry as the number one seller of indexed universal life insurance (IUL)(1) in 2014.(2) Since introducing its first IUL product in 2005, the company’s sales in this category have grown by an average of 19 percent per year for […]

Support for National Annuity Awareness Month on the Rise!

{May 19th, 2015} by Janet Terpening, Director of Operations, NAFA

As June 1 draws near, support for National Annuity Awareness Month is continuing to grow! As of this week, 22 submissions have been completed requesting proclamations for Annuity Awareness Month from various State Governors. In late April, Iowa was the first state to move forward with a declaration (Yay IOWA! We’ll have more on Iowa’s […]

DOL Extends Comment Period On Fiduciary Proposal

{May 19th, 2015} by Arthur D. Postal, arthur.postal@innfeedback.com

WASHINGTON— The Department of Labor (DOL) extended the comment period on its fiduciary standard proposal by 15 days. The announcement of the extension, as well as the dates of public hearings, will be published next week in the Federal Register, the DOL said. The public hearings will take place during the week of Aug. 10, […]

NAIFA’s McNeely sees a ‘glimmer of hope’ on the fiduciary rule

{May 19th, 2015} by Warren S. Hersch, whersch@SummitProNets.com

The National Association of Insurance and Financial Advisors, led by NAIFA President Juli McNeely, is spearheading an effort to block implementation of the Department of Labor’s second iteration of its proposed fiduciary rule. The association believes the proposal would impose unacceptably steep costs on registered reps of broker-dealers recommending retirement products — among them the […]

NAFA: Consumers Already Protected Through Annuity Regs

{May 19th, 2015} by Susan Rupe

NAFA, the National Association for Fixed Annuities, issued the following statement in regards to the request for information Senator Elizabeth Warren (D-Mass.) sent to insurers regarding the sale of annuities: “In today’s unpredictable economic environment, consumers face a burgeoning responsibility for taking control of their financial future. Yet, one way they are successfully doing so […]

ACLI Urges Quick Action On IUL Rules

{May 19th, 2015} by Arthur D. Postal, arthur.postal@innfeedback.com

WASHINGTON — The American Council of Life Insurers (ACLI) today urged quick action on approving new rules for illustrating index universal life (IUL) insurance. The National Association of Insurance Commissioners’ (NAIC) Life Insurance and Annuities (A) Committee had scheduled a conference call today to approve the illustration proposal. However, the call was cancelled late Tuesday. […]

Lincoln Financial Group Launches New IUL

{May 19th, 2015} by Business Wire

RADNOR, Pa.–(BUSINESS WIRE)– Lincoln Financial Group (NYSE:LNC) has introduced the newest addition to its suite of Indexed Universal Life (IUL) insurance products, Lincoln WealthAdvantageSM Indexed Universal Life. The new offering provides advisors flexibility in how they help clients achieve specific goals related to wealth protection and legacy planning, tax efficient income or business needs. “Lincoln’s […]

Lincoln Financial Introduces IUL Product With A Twist

{May 19th, 2015} by Cyril Tuohy, cyril.tuohy@innfeedback.com

Lincoln Financial Group has announced the introduction of an index universal life insurance (IUL) product with a new twist – the death benefit is equal to the policy face amount plus premiums paid. The IUL, branded as Lincoln WealthAdvantage and sold by advisors, is available immediately in states where the product has received approval. Three […]

Delaware Life Enters The FIA Market

{May 19th, 2015} by Linda Koco, linda.koco@innfeedback.com

Delaware Life has decided to get into the fixed index annuity (FIA) market. Its first offering is a policy that includes two volatility control index options sponsored by Deutsche Bank, the global banking giant based in Germany. Called Retirement Chapters 10 Fixed Index Annuity, the policy will benefit from the heft that the Deutsche Bank […]

Delaware Life Announces The Launch Of Innovative Index Annuity With Deutsche Bank Indices

{May 19th, 2015} by PRNewswire

WELLESLEY, Mass., May 13, 2015 /PRNewswire/ — Delaware Life Insurance Company (“Delaware Life”) has announced the launch of Retirement Chapters 10℠Fixed Index Annuity, a new product that includes crediting strategies based on two Deutsche Bank-sponsored indices. The CROCI Sectors III USD 5.5% Volatility Control Index offers global equity exposure via Deutsche Bank’s CROCI Sectors Index and […]

LIMRA: Annuity Sales Decline In First Quarter

{May 19th, 2015} by LIMRA

News release from LIMRA WINDSOR, Conn., May 19, 2015—Total U.S. annuity sales dropped 7 percent in the first quarter, totaling $54.4 billion. Every major product line except indexed annuities and structured settlements experienced declines in the first quarter. “Persistent low interest rates and market volatility in the first quarter had an impact on all product […]

Annuity sales decline 7% in Q1 2015

{May 19th, 2015} by Daniel Williams

After riding a wave of recent good news, the annuity industry was dealt a blow as total U.S. annuity sales dropped 7 percent in the first quarter, according to research compiled by LIMRA. Every major product line except indexed annuities and structured settlements experienced declines in the first quarter. “Persistent low interest rates and market […]

Insurance Company Trying Online Sales

{May 19th, 2015} by Deirdre Fernandes, The Boston Globe

Massachusetts Mutual Life Insurance Co. is hoping that just as consumers buy car, home, and health insurance online, they will look to purchase life insurance by using their computers, too. The 150-year-old Springfield life insurance company is launching its first online-only product Tuesday as it tries to appeal to younger, more tech-savvy consumers and ignite […]

European Insurance Forum Examines a Changing World

{May 19th, 2015} by Charles E. Boyd

With the long journey towards a unified regulatory system for insurance in the European Union – Solvency II – finally appearing to be near its end, the re/insurance industry has realized that even greater challenges need to be addressed – some of them urgently. In an interview at the European Insurance Forum 2015, Sarah Goddard, […]

There’s Plenty Of Life Out There For Advisor-Prospectors

{May 19th, 2015} by Cyril Tuohy, cyril.tuohy@innfeedback.com

Kevin Cox, an advanced sales consultant with Lincoln Financial Distributors, has a message for financial advisors who complain that no one’s buying life insurance: Clam up, you’re just not prospecting hard enough. Cox has answers for advisors with clients in more than a dozen categories, from professionals looking for higher tax-free retirement income, to widows […]

Meet the reality TV star with the $15M annuity business

{May 19th, 2015} by Daniel Williams

“Woo hoo!” says Vicki Gunvalson, owner of Coto Insurance & Financial Services and star of Bravo’s, “The Real Housewives of Orange County.” She’s standing before a vast array of cameras and lights for a photoshoot at her Rancho Santa Margarita, California office that’s been transformed for the day, replete with a Flemish-inspired backdrop that would […]

The Happiness Factor and Annuity Buyer Behavior

{May 19th, 2015} by Gregory Bailey

Take a look at these top annuity buyer behaviors that may impact the happiness factor for your clients. It has been said that you can’t buy happiness. But it turns out that the prospect of financial security in retirement can provide a positive boost of bliss – and advisors play a key role in making […]

Nationwide settles claim it manipulated fund orders for 15 years

{May 19th, 2015} by Doni Bloomfield

(Bloomberg) — Nationwide Mutual Insurance Co., the insurer whose slogan says it is “on your side,” will settle claims it delayed mail deliveries, allowing mutual funds underlying its products to be repriced before it carried out customers’ orders. Nationwide agreed to pay $8 million to end the case, the U.S. Securities and Exchange Commission said […]

A.M. Best Special Report: For U.S. Life/Health Industry, the Challenge is Profitable Growth

{May 19th, 2015} by Best's News Service

Oldwick – Pre-tax net operating earnings for the U.S. life/health (L/H) industry declined nearly 24% in 2014 to $50.2 billion, following a five-year high of $65.8 billion in 2013, according to a new A.M. Best special report. According to the Best’s Special Report, titled, “For the Life/Health Industry, the Challenge is Profitable Growth,” the earnings […]

Outliving Retirement Income: The Elephant In The Living Room

{May 19th, 2015} by Linda Koco, linda.koco@innfeedback.com

Insurance advisors and other financial professionals may need to help older clients make retirement decisions that clash with the notions that those clients hold close. Case in point: Is aging in place feasible, and is working into one’s late 60s realistic? A Harris Poll conducted in March for HomeServe USA found that two-fifths (41 percent) […]

2015 Earnings Estimates Raised for MetLife, Prudential; Lowered For Voya

{May 19th, 2015} by Cyril Tuohy, cyril.tuohy@innfeedback.com

A Wall Street analyst last week raised his 2015 earnings estimates for MetLife and Prudential, but lowered them for Voya Financial. This was in the wake of conference calls earlier this month reflecting the latest changes to the companies’ financials. Ryan Krueger of Keefe, Bruyette & Woods, in a note to clients, raised MetLife’s full-year […]

Allianz Life Hires Paige Vinall as Assistant Vice President Application Development

{May 19th, 2015} by Business Wire

MINNEAPOLIS–(BUSINESS WIRE)–Allianz Life Insurance Company of North America (Allianz Life®) hired Paige Vinall as assistant vice president of Application Development in the IT division. In her new role, Vinall leads the company’s technology strategy and business systems for variable annuities, fixed index annuities and sales. She is also responsible for developing the Allianz Life e-commerce […]

Attrition and breakaways have shrunk head counts at wirehouses

{May 19th, 2015} by Mason Braswell

Dwindling head count presents one of the biggest threats to the wirehouses as they look to keep pace When Morgan Stanley bought Smith Barney from Citigroup Inc. in 2009, it created the largest brokerage force in the industry with more than 20,000 of what the company referred to in a press release as “high-quality” financial […]

A Six-Point Advisor Refresher On Gender

{May 19th, 2015} by Carla Fried

Scores of articles have been published on women financial planning clients in recent years, aimed at improving the state of advisor-female client relationships. And yet, problems remain, the latest research shows. Thus, we offer a much needed refresher on the issues surrounding the advising of women clients, a list you and colleagues might want to […]

Uncovering the subconscious barriers to owning life insurance

{May 18th, 2015} by LIMRA

On the surface, life insurance seems to be a basic product designed for a simple purpose. Logic and reason would tell us that life insurance coverage is a sensible thing to have. But people don’t always make decisions in a rational or logical way. Click HERE to read…

Income Annuities As Part Of An Integrated Planning Approach

{May 18th, 2015} by Linda Koco, linda.koco@innfeedback.com

Some advisors are showing increased interest in using income annuities for a portion of their clients’ retirement income plans. But other advisors are wondering, just how does that work out? Wade Pfau suggests that using income annuities in an “integrated approach” that also includes whole life insurance and investments may yield higher income and greater […]

SEC Charges Nationwide With Pricing Violations

{May 18th, 2015} by Press Release

PRESS RELEASE – U.S. Securities and Exchange Commission   Washington D.C., May 14, 2015 —The Securities and Exchange Commission today charged Nationwide Life Insurance Company with routinely violating pricing rules in its daily processing of purchase and redemption orders for variable insurance contracts and underlying mutual funds.Nationwide agreed to settle the charges and pay an […]

In The Social Media Age, It’s Who Knows You

{May 18th, 2015} by Cyril Tuohy, cyril.tuohy@innfeedback.com

Many veteran financial advisors looked at Ted Jenkin with a hint of envy as he pointed to a LinkedIn page with the click of a mouse. Jenkin is co-CEO and founder of oXYGen Financial in addition to being a blogger, Wall Street Journal columnist and avid social media user. His social media numbers sounded impressive: […]

John Paulson’s latest bet on insurers is $800 million AIG stake

{May 18th, 2015} by Kelly Bit

(Bloomberg) — Billionaire John Paulson’s hedge fund firm bought a position in American International Group Inc. in the first quarter valued at $800 million at the end of March, in his latest bet on the insurance industry. The New York-based firm purchased 14.6 million shares of AIG, according to a regulatory filing, joining Andreas Halvorsen’s […]

Early Termination of Annuities Not Permitted

{May 18th, 2015} by Robert Delano, Sands Anderson PC

Since investing can be a risky business with investments dropping in value from time to time, investors seeking steady income with minimal risk are sometimes attracted to an annuity’s guaranteed-income feature. A recent case from the Western District of Virginia, however, illustrates why an investor should first research whether an annuity is the right choice […]

3 vehicles needed to optimize a retirement income strategy

{May 18th, 2015} by Warren S. Hersch, whersch@SummitProNets.com

Life insurance and financial service professionals agree on some basic guiding tenants for building a retirement nest egg. These include investing in a well-diversified equity and fixed income portfolio; buying protection products to guard against the unexpected; and maintaining a sizeable emergency fund to cover immediate cash needs in a financial emergency. Yet there remain […]

Forget Fiduciary: Real Battle Coming Over Harmonization

{May 16th, 2015} by ThinkAdvisor

In a wide-ranging session at the Envestnet Advisor Summit in Chicago on April 8, MarketCounsel’s founder and CEO Brian Hamburger addressed many of the big regulatory and compliance issues facing advisors, and that one of the main issues is the regulators themselves. The SEC “hasn’t been doing its job for a long time. We haven’t […]

Longevity credits: The time to act is now

{May 15th, 2015} by Tom Hegna

Just like the Spring temperatures, annuity sales are also heating up. Despite interest rates remaining at an all-time low, annuity sales continue to increase. According to LIMRA’s recent report for the United States, “Immediate income annuity sales spiked 17 percent in 2014, totaling $9.7 billion.” Click HERE to read article.  

Genworth Considers Strategic Options, Including Going Private

{May 15th, 2015} by Reuters

Life and mortgage insurer Genworth Financial Inc. is considering going private and would be open to selling its long-term care insurance unit, among other strategic options, Chief Executive Tom McInerney said. McInerney said that, although Genworth would be open to selling its long-term care insurance unit, it could be difficult to find a buyer. Asked […]

Insurance Industry Approaches Its Next Regulatory Crossroads: Fiduciary Standards

{May 15th, 2015} by Cliff Andrews

A fiduciary standards firestorm has ignited in Washington D.C. as the Administration, Congress and regulators debate standards of care for consumers in the retirement marketplace. Recently, at an event hosted by AARP, President Obama announced his support for a uniform fiduciary rule under the Employee Retirement Income Security Act (ERISA) that will be proposed by […]

The Writing’s on the Wall: It’s Time For AnnuRetirement

{May 15th, 2015} by Lee Stiegemeier

With Americans facing the growing challenge of successfully planning for retirement, the need for annuities in financial portfolios has never been greater. At the same time, our industry continues to face state and federal regulatory and legislative hurdles that make it critical that we work together to protect the product; the professionals who sell, wholesale […]

A.M. Best Affirms Ratings of Prudential Financial Inc. and Its Subsidiaries

{May 15th, 2015} by Business Wire

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of the domestic life/health insurance subsidiaries of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU]. Concurrently, A.M. Best has affirmed the ICR of “a-” of PFI and all existing debt ratings of the […]

Annuity rule No. 1: Know what you’re buying — and why

{May 15th, 2015} by Andrew Murdoch

Unfortunately, most people don’t understand annuities well enough to make a fully informed purchase. Shoppers need to focus on their fundamental goal — the amount of guaranteed income they wish to achieve. But the likes of roll-up rates and withdrawal rates — not to mention an avalanche of confusing jargon — sidetrack many annuity buyers. […]

MetLife CEO flags cash flow as key metric for investors to evaluate

{May 15th, 2015} by Doni Bloomfield

(Bloomberg) — MetLife Inc. Chief Executive Officer Steve Kandarian has highlighted free cash flow as a key metric for investors to evaluate when judging his company. If you want to take his advice, you’ll have to wait to get a thorough look. The insurer reports the figure only on an annual basis, and just as […]

11 important facts about the life insurance industry [infographic]

{May 15th, 2015} by Lynette Gil

If you could look into a magic ball and see how long you would be here on this Earth, would that help you plan for your every need, down to the your last second? There’s no such thing as that magical crystal ball, though the Society of Actuaries has its own methods for calculating the […]

The 6 most innovative industry products of 2015

{May 15th, 2015} by Emily Holbrook

The insurance industry has long been considered by some as archaic and lacking in modernization. But things are changing, and they have been for some time. The insurance industry, whether deservedly recognized or not, is an innovation juggernaut. Click HERE to read article…

AEGON earnings fall on U.S. claims

{May 15th, 2015} by George C. Ford, The Gazette, Cedar Rapids, Iowa

Dutch insurer AEGON, corporate parent of Transamerica in Cedar Rapids, on Wednesday reported lower first-quarter earnings primarily due to higher-than-expected claims in the United States. Underlying earnings before tax fell to $528 million from $565 million in the same quarter of 2014, while net profit dropped to $358.5 million from $444.7 million in the same […]

Advisors Getting It Wrong On Advertising Rules

{May 14th, 2015} by Financial Planning

As they explore new digital channels to promote their practices, advisors continue to struggle with compliance regarding federal and state advertising regulations, a former state official cautions. In an online presentation this week, former Michigan Securities Examination Manager Chad Hartwick outlined some of the challenges advisors face in producing effective advertising that remains compliant with […]

MetLife says focus on cash flow and wait nine months for data

{May 14th, 2015} by Doni Bloomfield

(Bloomberg) — MetLife Inc. Chief Executive Officer Steve Kandarian has highlighted free cash flow as a key metric for investors to evaluate when judging his company. If you want to take his advice, you’ll have to wait to get a thorough look. The insurer reports the figure only on an annual basis, and just as […]

4 reasons income annuities are picked last for dodgeball

{May 14th, 2015} by Nichole Morford

In my last post I discussed how, despite conventional wisdom, income annuities can be a smart buy even in today’s low interest rate environment. The link between income annuities and interest rates is just one of a handful of myths that often cloud advisors’ and clients’ consideration of these annuities and why many write them […]

Embracing the Financial Mixed-Marriage

{May 14th, 2015} by Gary Baker

Applying insurance concepts in guiding retirement spending from investments How many investors or advisors have an established process to monitor and adjust withdrawal rates frequently over the course of time in retirement? Chances are that those with limited retirement income planning experience may rely on general rules and guidelines centered on withdrawing a fixed percentage […]

Putting life insurance on the millennial shopping list

{May 14th, 2015} by Keith Bossey

While life insurance companies are eager to capture the millennial generation, they appear to be having limited success. Millennials are 33 percent less likely than typical adults to have policies, and less than two in ten are planning to buy coverage in the next 12 months, according to GfK MRI’s “Survey of the American Consumer.” […]

SEC charges radio hosts with lying about life settlements

{May 14th, 2015} by Melanie Waddell

The Securities and Exchange Commission Monday said that it had charged a retirement planning firm and its principals who host a financial radio show with falsely telling investors that interests in life settlements they offered and sold were “guaranteed,” “safe as CDs” and “federally insured.” A month ago, the SEC charged Los Angeles-based Pacific West […]

Towers Watson Releases New Version of Software for Life Insurers

{May 13th, 2015} by Business Wire

ARLINGTON, Va.–(BUSINESS WIRE)–Global professional services company Towers Watson (NASDAQ: TW) has introduced version 2.0 of its U.S. Library applications for its RiskAgility FM financial modeling solution. Along with enhancements to existing applications in the Library, version 2.0 introduces a new application for life insurers modeling indexed universal life (IUL) products, currently the fastest-growing type of […]

Do you know these 13 annuity terms?

{May 13th, 2015} by Nichole Morford, Stephan R. Leimberg, Keith Buck, Bob Doyle

Annuities are complex products designed to meet a number of complex needs. For many, they are the lynchpin in a secure retirement. For many others, they are shrouded in mystery: How do they work, who do they work for, and when should they be purchased? Click HERE to read article

AIG Names Brian T. Schreiber Chief Strategy Officer

{May 13th, 2015} by Business Wire

NEW YORK–(BUSINESS WIRE)– American International Group, Inc. (NYSE:AIG) today announced that Brian T. Schreiber will assume the newly created role of Executive Vice President and Chief Strategy Officer. Mr. Schreiber, who has served in various senior roles over the course of his 18-year career at AIG, will report to Peter D. Hancock, President and Chief […]

West Virginia adopts updated annuity disclosure rule/buyer’s guide

{May 13th, 2015} by Daniel Williams

According to a release from NAFA, “On April 24, 2015, the West Virginia Office of the Insurance Commissioner filed the final amended annuity disclosure rule, 114 CSR 11E, with the W. VA Secretary of State, adopting the updated NAIC Annuity Disclosure Model Regulation #245 (as revised in 2011), which includes the adoption of the updated […]

Don’t Be Too Quick To Drop Life Insurance At Retirement

{May 13th, 2015} by Dan Moisand, dan@moisandfitzgerald.com

With good reason, safe withdrawal rates and income generation generates a lot of discussion among those advising retirees. A topic that I don’t see getting enough attention is how retirees handle their life insurance. Many retirees do not need life insurance, or do not think they do, so they drop their policies. Financial planners can […]

Inquiry Signals Further Federal Regulation of Annuity Product Sales Likely

{May 13th, 2015} by Frederick J. Pomerantz, Aaron J. Aisen and Sandra McDermott

Late last week, Senator Elizabeth Warren, Ranking Member of the U.S. Senate Subcommittee on Economic Policy, sent a letter to 15 of the top writers of annuity products, including AIG Companies, Allianz Life Insurance Company of North America, AXA, Lincoln Financial Group, New York Life Insurance Company, and MetLife, seeking information about the manner in […]

Consumer Group Rejects IUL Proposal

{May 12th, 2015} by Arthur D. Postal, arthur.postal@innfeedback.com

WASHINGTON — On what was supposed to be the eve of a key vote, consumer representatives of the National Association of Insurance Commissioners (NAIC) have asked the panel to go back to the drawing board in its year-long effort to craft new rules on indexed universal life (IUL) insurance illustrations. The comments of the eight […]

NAFA responds to Sen. Warren, says annuities offer consumer protections

{May 12th, 2015} by Daniel Williams

In a response to the recent questions lobbied by Sen. Warren regarding the sales of annuities, NAFA, the National Association of Fixed Annuities, issued the following statement: Click HERE to read.

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NAFA Responds to Senator Elizabeth Warren’s Request for Annuity Sales Information from Leading Insurance Carriers

{May 12th, 2015} by Scott Hinds, Dir of Communications, NAFA

FOR IMMEDIATE RELEASE Contact: Chip Anderson, Executive Director Direct 414.332.9306 ext.1 chip@nafa.com Annuity Benefits and Robust Regulations Provide Thorough Consumer Protections NAFA Issues Statement Following Senator Warren’s Request for Annuity Sales Information from Leading Insurance Carriers WASHINGTON (May 6, 2015) – NAFA, the National Association of Fixed Annuities, issued the following statement in regards to […]

Time may have come to eliminate sales incentives in the annuities busines

{May 12th, 2015} by Darla Mercado

As the financial services industry moves toward a fiduciary standard, prizes for top insurance sellers smack of conflict Even as fiduciary duty becomes a common phrase in the parlance of financial advisers, insurance agents are still offered gold watches and other incentives for annuity sales. Sen. Elizabeth Warren, D-Mass., brought the issue of incentives in […]

Bill Aims To Curb Fed Regulations On Insurance

{May 12th, 2015} by Arthur D. Postal, arthur.postal@innfeedback.com

WASHINGTON – The Senate Banking Committee on Thursday will take up legislation aimed at ensuring state regulators have a role in establishing international insurance rules. The primary purpose of the legislation is to reduce the regulatory burden imposed on community banks through the Dodd-Frank regulatory reform law of 2010. But it is also expected to […]

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