Under the new plan, effective September 15, the company will no longer accept applications for annuities or new retirement plans, while continuing to service and support existing clients in both businesses. As a result of this decision, the company will reduce its workforce by approximately 300 positions.
Recent Annuities News
Allianz Life and Pacific Life each introduced new features and capabilities recently, intended to help financial professionals deliver better service to clients.
New LIMRA Secure Retirement Institute report shows increase bumped by spike in fixed indexed annuity sales.
Upcoming edition of Wink’s Sales & Market Report for deferred non-variable and structured annuity sales shows 22% growth for indexed annuities compared to the first quarter of the year.
MassMutual-owned Haven Life Insurance Agency, LLC and Quilt, Inc. will work together to bring “innovative annuity products” to the marketplace. As a result of the deal, Quilt will no longer sell or manage renters or term life insurance.
Anxious savers want to catch up, but worry they may be too late according to new “Chasing Retirement” study from Allianz Life.
Envestnet insurance integration enhances advisors’ wealth management capabilities.
Top producers flock to the City of the Angels looking for ideas to further their careers and help them lead more balanced, healthy lives.
‘Alliance for Lifetime Income’ launches awareness campaign with theme: ‘Protect Your Income. Retire Your...
New 24-company industry coalition – heavy on annuity carriers – rolls out a multi-year, nationwide educational campaign to raise awareness and help consumers understand the importance of protecting a portion of their retirement income to guarantee they won’t outlive their money.
Improved economic and regulatory conditions have prompted LIMRA Secure Retirement Institute to forecast total annuity sales to increase 5-10% in 2018 and improve up to 5% in 2019.