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Annuities
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N.Y. Life Sales Buck Trend
March 10, 2010The company increased sales by 14% last year, surpassing $1 billion for the first time in its history.
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New Long-Term Care Trend: Boomers Insuring Their Parents
March 10, 2010The reasons to buy long-term care insurance aren’t new. What is new, though, is who boomer clients are buying such insurance for: their parents.
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GLBs Buoy Variable Annuity Sales, But for How Long?
March 9, 2010Guaranteed living benefits may now be synonymous with variable annuities, but unless insurers rein in costs and restore benefits, sales may continue to slide.
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Fixed Annuity Sales Drop in 4Q
March 3, 2010Sales declined 11% from the previous quarter and 40% from a year earlier.
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ACLI Slams Obama’s Plan to Tax Annuity Income
February 26, 2010Whitehouse plans to tax the “non-earned” income of high earners to pay for Medicare could hurt annuity sales, claims a lobbyist for the insurance industry.
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Annuity Sales Flounder in Fourth Quarter
February 19, 2010While variable annuity sales eke out a 3% gain, all other areas suffer significant declines.
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Survey: Variable Annuities Face a Sober New Reality
February 19, 2010A booming time for exciting variable annuity riders must give way to a new era of stabilization and rationalization.
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Bank Advisor Productivity Rose in December
February 19, 2010Bank-based advisors produced an average $16,728 in December, up from just $14,712 in November.
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Transamerica Increases GMWB on Two Retirement Income Choice Annuities
February 18, 2010Transamerica Life Insurance Co. has enhanced the guaranteed minimum withdrawal benefit schedule for its Retirement Income Choice 1.2 and Retirement Income Choice 1.4 annuity riders. Each rider now pays one percentage more a year.
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Bank Sales Sink in 2009, But Opportunity Knocks
February 17, 2010Bank brokerage revenue fell 14% in 2009 in relative terms across banks of all sizes, according to new data from Kehrer-LIMRA.
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Sun Life Sticks with Variable Annuities
February 11, 2010While many providers jumped off the variable annuity bandwagon, Sun Life has decided to increase sales.
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Treasury, Labor Dept. Issue RFI on Annuities in 401(k)s
February 3, 2010The Labor and Treasury Departments have issued a request for information to determine whether annuities belong in 401(k)s. Specifically, the agencies want to know the benefits and the drawbacks to receiving retirement income in installments.
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Obama Proposals May Boost Annuity Sales
January 26, 2010The White House plans to promote “the availability of annuities and other forms of guaranteed lifetime income, which transform savings into guaranteed future income, reducing the risks that retirees will outlive their savings or that their retirees’ living standards will be eroded by investment losses or inflation.”
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Old Tricks Spell Big Growth for MassMutual
January 26, 2010MassMutual reported record sales of its life insurance products last year.
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Proposed Bank Restrictions Could Hurt Annuity Sales
January 21, 2010Third-quarter annuity commissions rose 12.9% to $669.8 million from the previous quarter.
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