Virginia Annuity Rule Should Include 6-Month Grace Period
Virginia is the latest state to adopt an updated annuity suitability rule.
Recent
U.S. Life/Annuity Industry’s Net Income Cut Nearly in Half in 2020
The U.S. life/annuity (L/A) insurance industry saw its net income cut nearly in half in 2020, to $24 billion from $45 billion.
FIDx Announces New Partnership with Great American Life, Increasing Access to Industry Leading Annuity Products
Great American Life Becomes the Latest Insurance Provider Available Through the FIDx Retirement Marketplace.
Raleigh financial advisor convicted of stealing $1.3 million from elderly woman
A federal jury convicted a Raleigh financial advisor who stole more than $1.3 million from an elderly woman he advised.
The SECURE Act’s Safe Harbor for Lifetime Annuity Options Opens New Possibilities for Defined Contribution Plan Sponsors
The SECURE Act made a number of changes designed to increase the availability of lifetime income options in defined contribution retirement plans.
Brighthouse Sees Strong Annuity Sales, But Expects Decline In 2021
While Brighthouse Financial fixed annuity sales were great in the fourth quarter, the company does not expect that to continue into 2021.
