SEC adopts investor disclosure improvements for variable annuities and variable life contracts

IRI calls amendments to streamline and simplify critical disclosures for investors in variable annuity and life insurance products a “major leap forward.”
life insurance sales

2019 annuity sales reach highest level since 2008

Fixed indexed annuity sales break all-time record thanks to strong performance in the first half of the year, according to Secure Retirement Institute data.

NAIC updates annuity sales best interest model regulation

State regulators revise model to require producers act in customer’s best interest when recommending annuity products.

Gen X, Millennials likely to support aging parents… but aren’t planning for it

New research from AgeUp reveals a majority of Millennials and Gen Xers expect to financially support their parents in their old age, but few...

NAIC committee approves revised suitability in annuity transactions model regulation

Proposed suitability model revision would provide enhanced consumer protections requiring those selling annuities to act in the best interest of the consumer, and to disclose potential conflicts of interest.

Congress tacks SECURE Act to 2020 spending bill

House and Senate leaders include landmark retirement reform bill benefitting annuities in must-pass federal budget agreement.

New annuity aimed at adult children of aging parents

MassMutual’s Haven Life unit introduces a new product Boomers can purchase to help their parents avert the risk of outliving their retirement funds.

Life, annuity providers becoming more customer-centric, less producer-focused, J.D. Power finds

Northwestern Mutual and RiverSource rank highest in respective product lines according to J.D. Power 2019 U.S. Life Insurance Study.

Agents Behaving Badly: Florida agent arrested in senior annuity scam

A Florida insurance agent was recently arrested for allegedly defrauding a Florida senior of approximately $99,000 in an annuity investment scam.

3 strategies to protect a 401k in a volatile market: The Annuity Expert

Shawn Plummer, “The Annuity Expert,” explains how annuities can protect retirement savings during volatile times.