Posts Tagged ‘annuities’
Annuity Contributions Limits Annoy Investors
A recent report said one of the top reasons people were buying annuities was guaranteed income. But it turns out that the definition of guaranteed may vary. As of Friday, Prudential Annuities has suspended the ability of policyholders with 14 types of benefits to make further contributions. And because the size of the annuity payment is based on [...]
Variable Annuity Up-and-Cover Snags Hartford, Sun Life VA Veterans
Symetra Life Insurance Co. is taking another step toward raising its presence in the variable annuity world by hiring a wholesaling team from two rivals that have left the business. Th company has hired Jeffrey Jennings, James Maertz and Dinah Bird as Symetra’s wholesaling team to help promote the insurer’s True Variable Annuity, which [...]
Annuities as Dementia Insurance
The statistics on dementia rates are stark with almost 35% of 85-year-olds being afflicted. The reason annuities can prevent financial mistakes is simple: With an immediate annuity, investors receive a steady check every month. While they can always opt to spend that money on something frivolous, it is difficult–if not impossible–to obtain [...]
Variable Annuities: Is the Party Over?
Sales have been skyrocketing for variable annuities. Advisors, brokers, and insurance agents have been selling the product to investors, on the premise of all the upside from the market and none of the downside risk. But, in recent months we have seen John Hancock, Sun Life, and many others exit the variable-annuity business altogether due to the [...]
