Cigna Corp. (CI) struck a deal with Warren Buffett’s Berkshire Hathaway Inc. (BRKA, BRKB) that will transfer up to $4 billion in obligations pegged to once-troublesome annuity operations Cigna began winding down more than a […]
The latest products from insurers are less expensive. But regulators—and consumers—remain wary. With millions of baby boomers headed to retirement without old-fashioned pension plans as safety nets, here is a product that would seem to have […]
Only about 3% of insurance policies sold are immediate or income annuities. Policyholders often can’t get access to cash once they sign the annuity contract. Plus, if they die before their principal is exhausted, any […]
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