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  • TODAY IS THE DAY! Wink’s demo on that BIG, new system enhancement we told you about!

    {February 22nd, 2022} by Wink's Intel Pros

    UPDATED 3/1/2022 Click HERE to view a quick recap   Join us on February 22nd for a demonstration on Wink’s library enhancement to the AnnuitySpecs analysis tool and how it can be useful to you!   It’s a live demo, you get to ask us questions.  Seriously! We hope you love the enhancement! We can’t […]

    In case you missed it- this is what we have been talking about!

    {February 22nd, 2022} by Wink's Intel Pros


    It’s Back: The Norcross-Walberg Bill to Make Annuities a 401(k) Default

    {February 22nd, 2022} by Editorial Staff

    Bipartisan legislation has been reintroduced that would allow retirement plan sponsors to default participants into annuities, either for guaranteed returns during the accumulation period or for lifetime income in retirement.   Click HERE to read the full story via RIJ

    Annuities in retirement plans? Revived bill aims for a leap

    {February 22nd, 2022} by Lynnley Browning

    Lawmakers revived a push to put annuities in Americans’ retirement plans, reintroducing a bill that would let companies make the complicated insurance contracts the automatic go-to when savers waffle about where to invest chunks of their money. U.S. Reps. Donald Norcross, a New Jersey Democrat, and Tim Walberg, a Michigan Republican, reintroduced the Lifetime Income […]

    Pan-American Life Insurance Group Announces Merger of Mutual Trust Life Insurance Company into Pan-American Life Insurance Company

    {February 22nd, 2022} by PALIG

    NEW ORLEANS–(BUSINESS WIRE)–Pan-American Life Insurance Group (PALIG), a leading provider of life, accident and health insurance throughout the Americas, today announced that Mutual Trust Life Insurance Company®, a Pan-American Life Insurance Group Stock Company, will be merged into Pan-American Life Insurance Company (PALIC) as a fully integrated division to be named Mutual Trust Life Solutions. […]

    MDRT Family of Brands Expands Definition of Success in the Profession with New Awards and Rankings

    {February 22nd, 2022} by MDRT

    PARK RIDGE, Ill.–(BUSINESS WIRE)–The MDRT Family of Brands, which includes MDRT for high-performing financial services professionals, the MDRT Academy for aspiring MDRT members and MDRT Global Services for leaders in financial services, has added to the portfolio of honors available for exceptional members – and their companies. MDRT has redefined and added new categories within […]

    AIG Reports Fourth Quarter and Full Year 2021 Results

    {February 22nd, 2022} by American International Group, Inc

    NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today reported financial results for the fourth quarter and full year ended December 31, 2021. AIG Chairman & CEO Peter Zaffino said: “In the fourth quarter and full year 2021, AIG delivered outstanding financial results with General Insurance continuing to produce improved underwriting profitability through excellent top […]

    Northwestern Mutual 2021 Financial Results Shatter Records Again

    {February 22nd, 2022} by Northwestern Mutual

    MILWAUKEE, Feb. 17, 2022 /PRNewswire/ — Northwestern Mutual delivered exceptional financial strength and growth throughout 2021, announcing today that it once again finished the year with record-setting business results, including revenue, total surplus, total company assets, client investment assets and life insurance market share. As a mutual company, Northwestern Mutual shares its success with policyowners in the form […]

    Glia and Sureify Partner to Transform Life Insurance Carriers’ Real-Time Interactions with Policyholders

    {February 22nd, 2022} by Gila

    SAN JOSE, Calif., Feb. 17, 2022 /PRNewswire/ — Sureify, an insurtech leader working to modernize the life insurance industry with its modular enterprise platform, today announced its partnership with Glia, a leading provider of Digital Customer Service (DCS). The integration of Glia’s capabilities into Sureify’s Lifetime platform will enable insurers to reinvent how they serve and support customers in a digital […]

    Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0.44

    {February 22nd, 2022} by Fidelity National Financial, Inc.

    JACKSONVILLE, Fla., Feb. 16, 2022 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE:FNF) today announced that its Board of Directors has declared a quarterly cash dividend of $0.44 per share. The dividend will be payable March 31, 2022, to stockholders of record as of March 17, 2022. About Fidelity National Financial, Inc. Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of […]

    American Equity Reports Fourth Quarter and Full Year 2021 Results

    {February 22nd, 2022} by American Equity Investment Life Holding Company

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–American Equity Investment Life Holding Company (NYSE: AEL), a leading issuer of fixed index annuities (FIAs) today reported on its fourth quarter 2021 results. These results include additional substantial progress on completing the building blocks of the AEL 2.0 strategy as outlined in a presentation published simultaneously with this release. American […]

    Best’s Special Report: U.S. Life/Health Rating Activity Mixed for 2021 as Insurers Navigate Headwinds

    {February 22nd, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–The increased number of Credit Ratings in the U.S. life/health insurance industry placed under review in 2021 mainly reflects the return of merger and acquisition (M&A) activity that was depressed in the previous year amid the pandemic surge, along with earnings declines in the life/annuity segment from heightened mortality, according to a new AM […]

    New Legislation Would Allow Lifetime Income Products As Default Retirement Plan Investment

    {February 22nd, 2022} by InsuranceNewsNet Press Release

    WASHINGTON, D.C. – Bipartisan legislation to eliminate a barrier preventing lifetime income products as default investment choices in retirement plans was introduced today. The Lifetime Income for Employees Act, introduced by Rep. Donald Norcross (D-N.J.) and Rep. Tim Walberg (R-Mich.), would allow retirement plan sponsors to use lifetime income solutions as qualified default investment alternatives (QDIA) […]

    Reminiscing 1995

    {February 22nd, 2022} by Sheryl J. Moore

    Remember those days? Join in the conversation HERE!  

    Sounds wrong?

    {February 22nd, 2022} by Sheryl J. Moore

    Insurance company sends a living benefit buyout letter to their annuity contract holders. Agent doesn’t get copied on the letter. Contract holders take advantage of the buyout, and agent gets chargebacks on their commissions because it has been less than a year since placing the business. Your thoughts? Join in the conversation HERE

    Life Insurers Should Focus on Focusing: McKinsey

    {February 22nd, 2022} by Allison Bell

    For life insurers, making acquisitions for the sake of getting bigger is often a bad idea, according to consultants at McKinsey & Co. The consultants — who would like to help life insurers buy and sell businesses — talk about how life insurers should make deals now in a new global insurance report. Click HERE […]

    Immediate Annuity Shoppers Seek 9.4% More Annual Income: Cannex

    {February 22nd, 2022} by Allison Bell

    U.S. residents who were shopping for immediate annuities in the fourth quarter of 2021 seemed open to paying more in premiums to get more annual income. Cannex Financial Exchanges, a Toronto-based company annuity and bank product data provider, has published data supporting that conclusion in an analysis of immediate annuity quote requests it processed during […]

    Lawyers Release SEC Marketing Rule Checklist as Advisor Questions Linger

    {February 22nd, 2022} by Melanie Waddell

    The law firm Eversheds Sutherland released Friday a checklist for advisors to use as they prep for the Nov. 4 compliance date for the Securities and Exchange Commission’s Marketing Rule. “Legal and compliance personnel at advisory firms who are tasked with making sure their firms are in compliance with the new rules have a big […]

    AIG Hopes to Launch Life and Retirement IPO by June 30

    {February 22nd, 2022} by Allison Bell

    American International Group continues to move toward selling a large stake in its Life and Retirement business to investors by the end of the second quarter. The size of the initial public offering will depend on market conditions, Peter Zaffino, AIG’s CEO, told securities analysts today. Click HERE to read the full story via ThinkAdvisor

    Strongest Life-Annuity Market In 20 Years, Conning Says

    {February 22nd, 2022} by Steven A. Morelli

    Annuities, especially variable and indexed products, will boom in what was called the best insurance environment in 20 years during Conning’s 2022 Outlook webinar. “The overriding theme is that the insurance industry is going through a strong growth mode, and probably the strongest we’ve seen in 20 years now,” said Steven Weberson, head of insurance […]

    Guardian Life’s CIO And Chief Of Operations Identifies Creative Ways To Fuel Innovation Talent

    {February 22nd, 2022} by Peter High

    Dean Del Vecchio is the Executive Vice President, Chief Information Officer, and Chief of Operations at Guardian Life, roughly 160-year-old mutual company with roughly $10.5 billion in annual revenue. He leads a team of about 4,500 employees.  Click HERE to read the full story via Forbes

    AmeriLife Now Offers SimpliNow℠ Legacy from AIG

    {February 22nd, 2022} by AmeriLife Group, LLC

       AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing annuity, life and health insurance solutions, today announced that its agencies and affiliates are now offering SimpliNow LegacySM from AIG (issued by American General Life Insurance Company), a simplified issue whole life insurance product specifically designed for middle-market American seniors. SimpliNow Legacy was designed […]

    Revived Bill Would Allow Annuities as Default 401(k) Investment

    {February 22nd, 2022} by Melanie Waddell

    Reps. Donald Norcross, D-N.J., and Tim Walberg, R-Mich., reintroduced legislation Tuesday, the Lifetime Income for Employees (LIFE) Act of 2022, that would allow annuities to be a default investment option in employer-sponsored 401(k) plans. The bill builds on the Setting Every Community Up for Retirement Enhancement (Secure) Act by allowing retirement plan sponsors to use annuities […]

    Bipartisan Bill Would Allow Annuities as Default Option

    {February 22nd, 2022} by Contributor

    (NAPA – National Association of Plan Advisors) – Key members of the House of Representatives have reintroduced legislation to allow retirement plan sponsors to provide annuities as a default option in their DC plans.    Reps. Donald Norcross (D-NJ) and Tim Walberg (R-MI), who serve together on the House Committee on Education and Labor’s Health, Employment, Labor […]

    New York Life Releases 2021 Diversity, Equity, and Inclusion Report

    {February 22nd, 2022} by New York Life

    NEW YORK–(BUSINESS WIRE)–New York Life, America’s largest1 mutual life insurer, reports how its approach to Diversity, Equity and Inclusion (DE&I) underscores its commitment to employees, agents, policy owners, and communities in its 2021 DE&I Report. “As an organization that thinks long-term and elects to prepare for whatever the future may hold rather than try to predict it […]

    AM Best Affirms Financial Strength Rating of Mutual of America Life Insurance Company

    {February 22nd, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Mutual of America Life Insurance Company (MofA) (New York, NY). The outlook of the Long-Term ICR has been revised to stable from negative, while the FSR […]

    NAIC Regulators Look To Tighten Up RILA Product Designs

    {February 22nd, 2022} by John Hilton

    Among insurers and annuity sellers, the rise of indexed-linked variable annuity products provided a lifeline to an industry beset by persistent disruption in recent years. Among regulators, the ILVA products proved a source of bewilderment. Although many regulators classified them as variable annuity products, others were not convinced. Click HERE to read the full story […]

    Annuity reinsurer AEL Re licensed in Bermuda

    {February 22nd, 2022} by N/A

    An American issuer of fixed index annuities has set up a reinsurer in Bermuda. American Equity Investment Life Holding Company revealed the formation and licensing of AEL Bermuda Reinsurance Company in its fourth quarter and full-year 2021 earnings release. Click HERE to read the full story via The Royal Gazette

    Annuity (Re)insurer Restructuring Wave 2021: Overview of Key Players Including Allstate, Great American, Jackson and AIG

    {February 22nd, 2022} by Research and Markets

    DUBLIN, Feb. 11, 2022 /PRNewswire/ — The “2021 Focus Series: The Annuity (Re)insurer Restructuring Tsunami” report has been added to ResearchAndMarkets.com’s offering. Companies Mentioned Allstate Great American Equitable Jackson Great-West Lincoln Voya AIG Hartford Blackstone Mass Mutual Athene Venerable Over the past decade, there has been an increasing level of attention provided to the life and annuity market. New entrants have […]

    Origins of the ‘Bermuda Triangle’ Strategy

    {February 15th, 2022} by Kerry Pechter

    For much of the first decade of the 21st century, leading publicly traded US life insurance companies had reason to believe that their flagship product would help then capture the multi-trillion-dollar Boomer retirement opportunity.  Click HERE to read the full story via RIJ.     Wink’s Note: Kerry Pechter at Retirement Income Journal has led the charge in […]

    Second Lawsuit Challenges DOL On Investment Advice Rule

    {February 15th, 2022} by John Hilton

    A second lawsuit in one week challenges the Department of Labor’s authority to enforce its Investment Advice Rule governing transactions involving retirement account dollars. The American Securities Association filed a lawsuit Tuesday afternoon in U.S. District Court for the Middle District of Florida. It claims the DOL overstepped its bounds with guidance issued in April […]

    Roses, Chocolates And … A Financial Plan? Couples Love Security: Study

    {February 15th, 2022} by Ayo Mseka

    This Valentine’s Day, singles seeking happily ever after should gift themselves a written financial plan–something they are about half as likely to do as couples—in order to receive a saving boost and other benefits. This is according to a new research report by Hearts & Wallets, the firm that specializes in consumer, investing and financial […]

    Brighthouse Boosts Sales On Growing VA, SmartCare Sellers

    {February 15th, 2022} by Steven A. Morelli

    Brighthouse Financial had a record year in sales of life insurance and some annuities as the company expanded distribution, a trend the company expects to continue, according to executives on Brighthouse’s fourth-quarter earnings call on Friday. “We continue to expand our distribution footprint and enhance the way we support financial professionals and the clients they […]

    Slott, Pfau: When and How to Use Annuities, Life Insurance in Client Plans

    {February 15th, 2022} by Ginger Szala

    What is better for retirement and estate planning: life insurance or annuities? In a recent webinar by The American College of Financial Services, moderator Steve Parrish, adjunct professor of advanced planning, asked this question of Ed Slott, CPA and head of Ed Slott & Co., and Wade Pfau, professor of retirement income at the college.  […]

    Ohio National finishes 2021 with strong financial position and increased total adjusted capital

    {February 15th, 2022} by Ohio National Financial Services

    CINCINNATI, Feb. 11, 2022 (GLOBE NEWSWIRE) — Ohio National Financial Services, Inc. announced today it finished 2021 with $1.5 billion in statutory total adjusted capital (ONLIC1), an increase over the previous year. Benefits paid to policyholders totaled $1.5 billion,2 and the company paid or credited $90 million in dividends to eligible policyholders.3 Statutory core earnings at $168.2 […]

    BNY Mellon’s Pershing Teams Up with Pacific Life to Provide RIAs with Streamlined Access to the Carrier’s Fee-Only Annuities

    {February 15th, 2022} by Pacific Life

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life today announced a new collaboration with BNY Mellon’s Pershing to make its fee-only annuities available to registered investment advisors (RIAs) and their fee-only advisors while providing a streamlined portfolio-management experience. Products included are Pacific Advisory Variable Annuity, Pacific Odyssey®, Pacific Index Advisory®, and Pacific Harbor—all designed to help RIAs meet a variety of clients’ […]

    Brighthouse Financial Announces Fourth Quarter and Full Year 2021 Results

    {February 15th, 2022} by Brighthouse Financial, Inc

    CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today its financial results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter and Full Year 2021 Results The company reported net income available to shareholders of $42 million in the fourth quarter of 2021, or $0.51 per […]

    Life Insurer Opportunities from COVID-19: Another Roaring 20s in Order for the U.S. Customer? – ResearchAndMarkets.com

    {February 15th, 2022} by Research and Markets

    DUBLIN–(BUSINESS WIRE)–The “2021 Focus Series: COVID-19: the Consumer Impact and Life Insurer Opportunities” report from Conning & Company has been added to ResearchAndMarkets.com’s offering. The 1918 pandemic hit the United States as World War I was winding down. While the mortality impact was high, out of these twin crises of war and disease, the Roaring 1920s emerged. Perhaps there […]

    Guardian Life Acquires Strategic Minority Stake in HPS Investment Partners

    {February 15th, 2022} by Guardian

    NEW YORK, Feb. 9, 2022 /PRNewswire/ — The Guardian Life Insurance Company of America® (Guardian), one of the nation’s largest life insurers and a leading provider of employee benefits, today announced it has acquired a minority equity stake in HPS Investment Partners (HPS). HPS is a leading global investment firm that currently manages approximately $80 billion in assets. Partnering with […]


    {February 15th, 2022} by Amerco

    RENO, Nev., Feb. 9, 2022 /PRNewswire/ — AMERCO (Nasdaq: UHAL), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to shareholders for its third quarter ended December 31, 2021, of $281.5 million, or $14.35 per share, compared with net earnings of $183.0 million, or $9.33 per share, for the same period last […]

    Manulife reports strong 2021 results with record net income of $7.1 billion and core earnings of $6.5 billion, with double-digit growth in APE sales and new business value; Global Wealth and Asset Management net inflows tripled to $27.9 billion

    {February 15th, 2022} by Manulife

    TORONTO, Feb. 9, 2022 /PRNewswire/ – Today, Manulife announced its 2021 and fourth quarter of 2021 (“4Q21”) results. Key highlights include: Net income attributed to shareholders of $7.1 billion in 2021, up $1.2 billion from 2020, and $2.1 billion in 4Q21, up $304 million from the fourth quarter of 2020 (“4Q20”) Core earnings1 of $6.5 billion in 2021, up 26% on a constant exchange rate basis from 2020, […]


    {February 15th, 2022} by Fidelity National Financial, Inc.

    JACKSONVILLE, Fla., Feb. 9, 2022 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE: FNF) (the “Company”), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of annuity and life insurance products through the Company’s wholly-owned subsidiary, F&G, will release fourth quarter and full year 2021 earnings after the […]

    USA Life-Annuity Consumer Markets 2021: Measuring the Insurer Opportunity

    {February 15th, 2022} by Research and Markets

    DUBLIN, Feb. 9, 2022 /PRNewswire/ — The “2021: Life-Annuity Consumer Markets” report has been added to ResearchAndMarkets.com’s offering. The life insurance protection gap has widened to a relatively large amount, $23.4 trillion, which is equivalent to over 60% of the current in force individual life insurance. Due to Covid-19, ll three adult generations saw increased mortality, though most excess mortality for Baby […]

    Annuity (Re)insurer Restructuring Wave 2021: Overview of Key Players Including Allstate, Great American, Jackson and AIG

    {February 15th, 2022} by Research and Markets

    DUBLIN, Feb. 11, 2022 /PRNewswire/ — The “2021 Focus Series: The Annuity (Re)insurer Restructuring Tsunami” report has been added to ResearchAndMarkets.com’s offering. Companies Mentioned Allstate Great American Equitable Jackson Great-West Lincoln Voya AIG Hartford Blackstone Mass Mutual Athene Venerable Over the past decade, there has been an increasing level of attention provided to the life and annuity market. New entrants have […]

    Best’s Review Examines Potential for Annuity Industry Expansion

    {February 15th, 2022} by AM Best

    OLDWICK – FEBRUARY 09, 2022 12:05 PM (EST) Best’s Review explores how federal changes have opened up income annuities as a new option for retirement plans, and how the staid annuity industry could benefit from incorporating long-term contracts into their products. The “middle market” represents untapped potential, and 401(k) providers have already begun announcing plans to […]

    Best’s Special Report: Life/Annuity Insurers Adjusting Distribution Strategies to Reach Consumers, Survey Finds

    {February 15th, 2022} by AM Best

    OLDWICK – FEBRUARY 14, 2022 08:28 AM (EST) Results from an AM Best survey of life/annuity insurance companies show that carriers are actively implementing improvements in distribution techniques given changing customer expectations and an evolving distribution landscape exacerbated by the COVID-19 pandemic. Highlights of the survey of 78 U.S. life/annuity companies rated by AM Best are detailed […]

    AM Best Affirms Credit Ratings of American Life & Security Corp.

    {February 15th, 2022} by AM Best

        Oldwick //BestWire// – AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” (Good) of American Life & Security Corp. (American Life) (headquartered in Lincoln, NE). The outlook of these Credit Ratings (ratings) is positive. The ratings reflect American Life’s balance sheet strength, which […]

    Fintech raises $5.1 million to expand annuity platform for 401(k)s

    {February 15th, 2022} by InvestmentNews

    Micruity Inc., a San Francisco-based financial technology company, has closed $5.1 million in seed financing to accelerate the expansion of its income connectivity platform, which facilitates the use of annuities inside 401(k)s. Click HERE to read the full story via InvestmentNews

    Individual Life Activity Returns to Pre-Pandemic Earth

    {February 15th, 2022} by Allison Bell

    U.S. individual life insurance application activity was good in January when compared with activity for January 2020, but dull when compared with January 2021. MIB Group — a Braintree, Massachusetts-based group that helps member life insurers share some of the information used in life insurance underwriting — gives data on life insurers’ return to normal […]

    FINRA to Update Variable Annuity Exam Questions

    {February 15th, 2022} by Allison Bell

    The Financial Industry Regulatory Authority says the variable annuity issuers and distributors it oversees should be prepared for new exam questions about use of automated transaction tracking tools. Many life insurers have been shifting toward the sale of life insurance and annuity products with no guarantees, or only limited guarantees, because of concerns about low […]

    Tiburon founder Chip Roame joins DPL Financial Partners board

    {February 15th, 2022} by DPL Financial Partners

    LOUISVILLE, KY, February 8, 2022- DPL Financial Partners (“DPL”), the leading turnkey insurance platform for registered investment advisors (“RIAs”), announced the appointment of Tiburon Strategic Advisors and Tiburon CEO Summits Founder and Managing Partner Chip Roame to its board of directors. “We are thrilled to welcome Chip to our board,” said DPL Founder and CEO […]

    Retirement Income Group Backs Elton John

    {February 15th, 2022} by Allison Bell

    The Alliance for Lifetime Income is working with Elton John — who will turn 75 on March 25 — to try to get U.S. consumers interested in retirement income planning. The Washington-based annuity awareness group is the presenting partner of John’s Yellow Brick Road Tour in North America. Click HERE to read the full story […]

    Financial Security: One of the most attractive qualities in a partner

    {February 15th, 2022} by Insurance Forums Staff

    Americans in a relationship are talking openly about their finances before saying “I love you.” According to a new study by Life Happens, the national nonprofit educating consumers about the importance of life insurance in a sound financial plan, 74% of respondents said it took them between one and eight months to be comfortable talking about […]

    Brighthouse Executives Shrug at Inflation Talk

    {February 15th, 2022} by Allison Bell

    Brighthouse Financial executives can live with the idea of a moderate increase in inflation. A securities analyst asked them about inflation Friday, on a conference call the Charlotte, North Carolina-based company held to go over earnings for the fourth quarter of 2021 with securities analysts Click HERE to read the full story via ThinkAdvisor

    Life Insurers Hope Consumers Will Be Their Valentines

    {February 15th, 2022} by Allison Bell

    Life Happens — a nonprofit group that promotes life insurance and financial planning awareness — has been trying to use Valentine’s Day to win consumers’ hearts. The Arlington, Virginia-based organization wants to plant the idea that buying life insurance and getting one’s finances in order is a much more powerful way of showing love than […]

    Rising interest rates will have diverse effects: Cerulli

    {February 15th, 2022} by Editorial Staff

    Different types of institutional investors face dramatically different effects from a trend toward higher inflation and lower capital market returns, according to a new Cerulli Associates report, North American Institutional Markets 2021: Inflation’s Impact on Return and Liability-Oriented Investors.  Click HERE to read the full story via RIJ

    Aegon Sees Strong Annuity Buyout Demand

    {February 15th, 2022} by Allison Bell

    Executives at Aegon — the Dutch parent of Transamerica — say many holders of U.S. variable annuities with rich benefits guarantees would rather have a big cash payment. The executives talked briefly about Transamerica’s U.S. variable annuity buyout program Wednesday, on a conference call the company held to go over earnings for the fourth quarter […]

    Apollo CEO Questions Other Private Equity Investors’ Life Strategy

    {February 15th, 2022} by Allison Bell

    Marc Rowan — the head of the investment company that controls Athene Holding, and who has helped finance many of the biggest life insurance and annuity sector deals over the past decade — suggested Friday that some other investment companies that are buying life and annuity issuers are on the wrong track. Rowan is the […]

    MetLife explores sale of variable annuity business – sources

    {February 15th, 2022} by David French

    NEW YORK, Feb 11 (Reuters) – MetLife Inc (MET.N) is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts of its business, people familiar with the matter said. The New York-based insurer is working with an investment bank on the plan, which is in its […]

    Georgia Supreme Court to Weigh-in on Key Insurable Interest Question for Life Insurance

    {February 15th, 2022} by Brian Casey and Thomas Sherman

    Appeal from the United States District Court for the Northern District of Georgia, D.C. Docket No. 1:17-‎cv-03857-WMR.‎ On February 4, 2022, the United States Court of Appeals for the Eleventh Circuit certified two ‎questions to the Georgia Supreme Court, which should be of interest to life insurance companies, ‎life insurance agents and the secondary life […]

    Things for Clients to Consider

    {February 8th, 2022} by Sheryl J. Moore

    Annuities are not right for everyone. When it is time to have the annuity talk with clients, here is a list of things they should consider when buying an annuity.  Looking for minimum retirement income There is a minimum amount of income that we all need to pay our bills- the amount isn’t expendable income. […]

    Staid Annuities Get Star Treatment in Movie About the Importance of Guaranteed Retirement Income

    {February 8th, 2022} by Terrence Dopp

    Ever ponder exactly what it means for filmmakers to have their movies obtain a rating from the Motion Picture Association? Probably not. But for documentarian Doug Orchard, that was a key question for his new film The Baby Boomer Dilemma, which explores shortcomings in the current retirement system and the role of annuities within portfolios. Securing […]

    A Tale Of Three Annuities

    {February 8th, 2022} by Sheryl J. Moore

    I get frustrated, frequently, by the regular barrage of negativity that surrounds most of the “news” that I read on annuities. If it isn’t a swayed account from so-and-so’s beneficiary, talking about how an annuity wasn’t suitable for their deceased parent, it is a hack job from some media outlet that caters to mutual fund […]

    The Dark Side of Automation, Layoffs Emerges in Distribution Survey

    {February 8th, 2022} by Cyril Tuohy

    These agents play a key role for certain products, such as fixed-indexed annuities, almost two-thirds of which are sold through brokerage general agencies or marketing organizations, according to Wink. Click HERE to read the full story via Life Annuity Specialist ………………………………………………. Most of the cuts, however, came primarily from insurers that supported distribution outside of the […]

    Situations Change. Solutions Can, Too.

    {February 8th, 2022} by Deborah Miner

    What’s one thing cars and drivers have in common? Both have advanced tremendously over time. To clarify: This regards automobiles and golf clubs, not automobile operators. But consider someone who has only driven the same car or swung the same driver for many years.  Click HERE to read the full story via INN   Wink’s […]

    People still appreciate protection

    {February 8th, 2022} by Sheryl J. Moore

    Remember when the life insurance industry was about PROTECTION rather than ACCUMULATION? So much talk about “higher potential for gains” and “overfunding.” People still appreciate protection, folks! Let’s not forget about that! Just because the insurance companies want you to focus on accumulation doesn’t mean you have to be a sheep. Do your own thing. […]

    High school classes ineffective in boosting retirement savings: Study

    {February 8th, 2022} by InvestmentNews

    Does financial literacy education during the formative teenage years increase long-run retirement savings? Probably very little, according to the TIAA Institute, which sponsored research analyzing data from the 2012, 2015 and 2018 waves of the National Financial Capability Study. Click HERE to read the full story via InvestmentNews

    Best Places to Work for Financial Advisors

    {February 8th, 2022} by InvestmentNews

      The 75 firms presented here go beyond offering financial advisers attractive benefits and perks, they create workplaces that empower employees with the skills and confidence necessary to deliver the best possible investment and financial planning guidance to clients. In 2022, they’re also taking steps to keep employees safe during the ongoing pandemic. Click HERE […]

    Life and Annuity Issuers Watch for Interest Rate Hike Sunshine

    {February 8th, 2022} by Allison Bell

    Many executives from the big, publicly traded U.S. life and annuity issuers have been talking to securities analysts this week about fourth-quarter COVID-19 mortality. But executives have also had a chance to address a more cheerful topic: the possibility that interest rate increases, driven by efforts by the Federal Reserve Board to move the interest […]

    Prudential Shrugs Off Omicron Losses To Post Strong 4Q Earnings

    {February 8th, 2022} by John Hilton

    Prudential Financial reported finhttps://insurancenewsnet.com/innarticle/prudential-shrugs-off-omicron-losses-to-post-strong-4q-earningsancial losses from the flare-up of the Omicron variant throughout the fall 2021. The insurer’s group insurance business reported a loss of $205 million in the fourth quarter, compared to an $87 million loss in the 2020 fourth quarter. “We have a high concentration of large retail and healthcare employer accounts,” explained […]

    NCOIL Highlights February as Insurance Careers Month

    {February 8th, 2022} by NCOIL

    Manasquan, NJ – The National Council of Insurance Legislators (NCOIL) joins the Insurance Careers Movement (ICM) in focusing on February as Annual Insurance Careers Month. Overall, the ICM includes more than 1,000 insurance carriers, agents/brokerage firm, trade associations and industry partners working to engage the next generation for careers in insurance. The ICM first designated […]

    Borrowing and the Whole Life Policy

    {February 8th, 2022} by Lucas Siegel

    People generally purchase whole life insurance for the death benefit and the cash that accumulates in the policy. Unfortunately, accessing that cash can be more complicated than policyholders expect. A common approach is to use the policy’s cash value as collateral against a loan. Borrowing to unlock value from life insurance is appropriate when your […]

    Annuity Sellers Challenge Fiduciary Rule in Federal Court

    {February 8th, 2022} by Nevin E. Adams, JD

    Noting that “pouring the same old wine into a new bottle does not change the result,” a new lawsuit seeks to vacate the Labor Department’s fiduciary rule as expressed in PTE 2020-02. The suit—filed by the Federation of Americans for Consumer Choice Inc., joined by several advisors and advisory firms that sell annuities as part […]

    Annuity Group Sues DOL Over Fiduciary Rule

    {February 8th, 2022} by Allison Bell

    The Federation of Americans for Consumer Choice has gone to court to try to block a U.S. Labor Department revival of an Obama-era definition of the term “fiduciary.” FACC contends that the department made the interpretation change in the preamble, or official introduction, to a “prohibited transaction exemption” revision, rather than in the actual text […]

    Shrinking Market Opportunity Spurs Interest in Private Investments for Enhanced Returns

    {February 8th, 2022} by Cerulli Associates

    New research from Cerulli Associates and Russell Investments finds that many investors plan to move their portfolios up the risk spectrum by allocating to private investments in 2022. The research, Seeking Future Returns, was compiled from interviews conducted in the third quarter of 2021 with large institutional asset owners and asset managers. The resulting study also leverages data and insights from […]

    More Sources of ‘Bermuda Triangle’ Information

    {February 8th, 2022} by Editorial Staff

    Anyone following what RIJ calls the “Bermuda Triangle” strategy might be interested in three recent reports. One comes from the consulting firm Cerulli Associates, another from McKinsey & Co., and a third appeared in the National Law Review last December. I provide links to the full texts and excerpts from them below.  Click HERE to read the full story […]

    Private Equity Is Taking a Long, Hard Look at Insurance. So Far, It Likes What It Sees.

    {February 8th, 2022} by Hannah Zhang

    Private equity and other alternatives firms have long salivated over insurance company assets as a source of permanent capital. Now that trend has been kicked into high gear.  Just look at deal making. In December, Allianz Life entered a reinsurance agreement with Sixth Street’s portfolio company Talcott and partner Resolution Life. Late last month, Sixth Street announced […]

    Wink opens annuity data library to its subscribers

    {February 8th, 2022} by Editorial Staff

    Wink, Inc., announced this week that subscribers to its AnnuitySpecs service, which gathers and distributes annuity and life insurance contract data and competitive intelligence, will have access to a new library of product-related resources on the firm’s WinkIntel.com site.  Click HERE to read the full story via RIJ

    Expanding Producer Network Is Top Priority Of BGAs And IMOs

    {February 8th, 2022} by InsuranceNewsNet Press Release

    WINDSOR, Conn., Feb. 2, 2022 — More than three quarters (77%) of brokerage general agencies (BGAs) and independent marketing organizations (IMOs) surveyed say their top priority is to expand their network of producers. The study, conducted by LIMRA and the National Association of Independent Life Brokerage Agencies (NAILBA), reveals the pandemic altered what some firms […]

    The Misunderstood Cash Power Of Deferred Annuities

    {February 8th, 2022} by Harry N. Stout

    One of the major objections consumers voice about deferred annuities is that consumers are concerned they can’t withdraw cash if they need it for emergencies. In many ways, consumers want their annuity contract to function as a fully liquid checking-account-like instrument. You hear this time and time again.  Click HERE to read the full story […]

    Why private equity sees life and annuities as an enticing form of permanent capital

    {February 8th, 2022} by Ramnath Balasubramanian, Alex D’Amico, Rajiv Dattani, and Diego Mattone

    Permanent capital—investment funds that do not have to be returned to investors on a timetable, or at all—is, according to some, the “holy grail” of private investing.1 Permanent capital owes its exalted status to the time and effort that managers can save on fundraising, and the flexibility it provides to invest at times, like a crisis, […]

    A New Alt-Asset Manager Enters the ‘Bermuda Triangle’

    {February 8th, 2022} by Kerry Pechter

    Meet the newest high-roller in the “Bermuda Triangle” world. Since last July, Sixth Street, a fast-growing asset manager, acquired The Hartford’s old life/annuity business, established reinsurers in Bermuda and the Cayman Islands, and executed big capital relief deals with three large life/annuity companies. Click HERE to read the full story via RIJ

    Kuvare Insurance Services Launches Third-Party Asset Management Business

    {February 8th, 2022} by Kuvare Insurance Services

    NEW YORK–(BUSINESS WIRE)–Kuvare Insurance Services (KIS), a boutique asset manager that oversees approximately $19 billion in assets for various insurance operating companies owned by or affiliated with Kuvare US Holdings (Kuvare), today announced the launch of its third-party asset management business. Over the past two years under the leadership of Brian Roelke, President and Chief […]

    The Hartford Announces Fourth Quarter And Full Year 2021 Financial Results

    {February 8th, 2022} by The Hartford

    HARTFORD, Conn.–(BUSINESS WIRE)–The Hartford (NYSE: HIG) today announced financial results for the fourth quarter and year ended Dec. 31, 2021. “In 2021, The Hartford delivered strong financial performance with meaningful growth and P&C margin expansion driven by stellar results in Commercial Lines and a significant contribution from partnership investment returns. In Group Benefits, solid premium […]

    AM Best Affirms Credit Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries

    {February 8th, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” (Superior) of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company (Hauppauge, NY) and United World Life Insurance Company. Concurrently, AM Best has affirmed the Long-Term […]

    MetLife Named to World’s Most Admired Companies List by Fortune Magazine

    {February 8th, 2022} by MetLife

    NEW YORK–(BUSINESS WIRE)–MetLife, Inc. (NYSE: MET) today announced that it has been named to Fortune magazine’s 2022 list of the “World’s Most Admired Companies.” Eight life insurers were included in the annual report card of the best-regarded companies. To identify companies that have the strongest reputations across industries, Fortune partners with Korn Ferry to survey […]

    Dominic Cursio Joins Legacy Marketing Group as National Sales Leader

    {February 8th, 2022} by Legacy Marketing Group

    PETALUMA, Calif.–(BUSINESS WIRE)–Legacy Marketing Group, creator and distributor of exclusive, innovative annuity and insurance products, announces that Dominic Cursio has joined the company as National Sales Leader. A 22-year industry veteran, Dominic has spent the bulk of his career working with Independent Marketing Organizations (IMOs); insurance carriers; broker-dealers; insurance agents; and, most recently, in the […]

    Lincoln Financial Group Reports Fourth Quarter and Full Year 2021 Results

    {February 8th, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today reported net income for the fourth quarter of 2021 of $220 million, or $1.20 per diluted share available to common stockholders, compared to net income in the fourth quarter of 2020 of $143 million, or $0.74 per diluted share available to common stockholders. Fourth quarter adjusted income […]

    Principal Financial Group® Announces Fourth Quarter and Full Year 2021 Results

    {February 8th, 2022} by Principal Financial Group

    DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group® (Nasdaq: PFG) announced results for fourth quarter and the full year of 2021. Net income attributable to PFG for fourth quarter 2021 of $471.8 million, compared to $472.6 million for fourth quarter 2020. Net income per diluted share of $1.76 for fourth quarter 2021 compared to $1.70 in the prior year […]

    Manulife closes U.S. Variable Annuity Reinsurance Transaction with Venerable Holdings, Inc.

    {February 8th, 2022} by Manulife Financial Corporation

    TORONTO, Feb. 1, 2022 /PRNewswire/ – Manulife announced today that its subsidiary, John Hancock Life Insurance Company (U.S.A.) (“John Hancock”), has successfully closed the previously announced transaction to reinsure a substantial portion of its legacy U.S. Variable Annuity block, consisting primarily of policies with Guaranteed Minimum Withdrawal Benefits riders, with Corporate Solutions Life Reinsurance Company, a subsidiary […]

    The 2021 Annuity (Re)insurer Restructuring Wave: Overview of the 25 Largest Insurers – ResearchAndMarkets.com

    {February 8th, 2022} by ResearchandMarkets.com

    DUBLIN–(BUSINESS WIRE)–The “2021 Focus Series: The Annuity (Re)insurer Restructuring Tsunami” report has been added to ResearchAndMarkets.com’s offering. Over the past ten years, there has been an increasing level of attention provided to the life and annuity market. New entrants have sought to gain access to annuity insurers and their substantial assets under management by establishing new platforms or through […]

    Elton John Announces the Alliance for Lifetime Income as The Presenting Partner of His Farewell Yellow Brick Road Tour in North America

    {February 8th, 2022} by Alliance for Lifetime Income

    WASHINGTON, Feb. 3, 2022 /PRNewswire/ — Elton John continues to prove that your next act may just be your best. Today, the number one male recording artist of all time announced the Alliance for Lifetime Income as the presenting partner of his “2022 Farewell Yellow Brick Road Tour in North America.” The Alliance is Elton John’s first and only non–profit tour partner. […]

    The Quiddity Of Life Insurance

    {February 8th, 2022} by David J. Murphy

    Annie Dillard’s essay entitled Total Eclipse is considered to be a masterpiece of literary nonfiction. Dillard describes her personal experience of a solar eclipse in Washington State. She describes a total eclipse in terms that define its uniqueness. “The second before the sun went out, we saw a wall of dark shadow come speeding at […]

    These are the Top 40 Brokers Under 40

    {February 8th, 2022} by Tobias Salinger

    With our annual rankings, Financial Planning recognizes the industry’s top-producing young brokers among wirehouses and regional firms. On a combined basis, the Top 40 Brokers Under 40 generate more than $203 million in annual production — an average of $5.1 million per year — and oversee $46 billion in client assets. The group’s production rose 22% from last […]

    Insurance Restructuring Options Take a Giant Leap Forward

    {February 8th, 2022} by Luann Petrellis

    On March 19, 2021, in a landmark transaction, the Illinois director of insurance approved eight plans of division filed by Allstate Insurance Co. to restructure its insurance operations. This undertaking is the first of its kind and represents a significant step forward for the insurance industry to expand the application of restructuring mechanisms. Allstate’s extensive […]

    AnnuitySpecs Now Houses Product Marketing Materials, Regulatory Filings, and Rates/States Sheets

    {February 1st, 2022} by Wink's Press Release

    — FOR IMMEDIATE DISTRIBUTION — NEWS RELEASE   WINK’S USERS RECEIVE FIRST-OF-ITS-KIND DOCUMENTS LIBRARY RESOURCE AnnuitySpecs Now Houses Product Marketing Materials, Regulatory Filings, and Rates/States Sheets Des Moines, Iowa. February 1, 2022– In the continued pursuit of their mission statement, “To provide the best darned competitive intelligence to the life insurance and annuity industries,” Wink, Inc., […]

    Annuities and the Problem of Index Bloat: Do We Really Need 138?

    {February 1st, 2022} by Aaron Smith

    Index choices on annuities have been expanding so dramatically that it spurred Sheryl Moore, who’s been closely following the market for years, to create a LinkedIn post: “Today, there are 138 unique indices, upon which your indexed interest is benchmarked, on indexed annuities. 138!!! (There were 12 when I started my business 17 years ago.)” Click HERE […]

    I welcome the opportunity to discuss these products with anyone who is interested.

    {February 1st, 2022} by Sheryl J. Moore

    Wow. To be named among giants is an extreme honor, David Macchia. Thank you so much for your admiration and kind words! Annuities, like any other product, are neither good nor bad. They are simply a tool. And for people that are looking to transfer the risk of living too long, annuities make sense. There […]

    A New Film, ‘The Baby Boomer Dilemma,’ Praises Annuities

    {February 1st, 2022} by Kerry Pechter

     In a office in Des Moines, amid foot-high stacks of reports-to-be-read and items-to-be-filed, we find Sheryl Moore, founder of annuity consulting firm Wink, Inc., whose life goal is to  “rebrand annuities” in a positive way. I know several of these experts; I could tell that the filmmaker knows how to draw people out.     Click HERE […]

    Athene Launches Athene® Amplify 2.0, a Next-Generation Registered Index-Linked Annuity

    {February 1st, 2022} by Athene USA

    WEST DES MOINES, Iowa, Jan. 25, 2022 (GLOBE NEWSWIRE) — Athene USA (“Athene”), a leading provider of retirement savings products, announced the launch of Athene® Amplify 2.0, a registered index-linked annuity (RILA) that offers next-generation accumulation potential with a level of downside protection in volatile markets. The annuity is issued by Athene Annuity and Life […]

    A personal update from Wink’s CEO, Sheryl J. Moore: Changing this regulation will leave a wonderful legacy for my son.

    {February 1st, 2022} by Sheryl J. Moore

    Remember when I worked with my former Senator to get the law changed, to allow gay men to donate blood? Well, guess what happened two days ago, on what would have been my son’s 25th birthday? The FDA announced that they are looking at changing the eligibility requirements for donating corneas and other tissues! This […]

    Target Practice: AIG and Milliman’s New Annuity

    {February 1st, 2022} by Editorial Staff

    “Structured” annuities and exchange traded funds (ETFs) have proliferated in recent years as a kind of Goldilocks investments for people who want exposure to stocks and are willing to give up some of their potential reward for partial protection against risk of loss.   Click HERE to read the full story via RIJ

    2022/03/07 – Innovation in Annuities Session Set by American Council of Life Insurers

    {February 1st, 2022} by TNSeve

    LAS VEGAS, Nevada, Jan. 28 (TNSeve) — The American Council of Life Insurers in collaboration with the Society of Actuaries has scheduled a session on March 7, 2022, as part of its ReFocus2022 conference at the Aria Resort and Casino entitled “Innovation in Annuities”: According to the agency website: With an aging population, government provided social insurance systems running low on funds and continuing […]

    What inflation could mean for annuities

    {February 1st, 2022} by Emile Hallez

    Many people are likely wondering how heightened inflation will affect their retirement goals, including the role of insurance products they already own or are considering. Click HERE to read the full story via InvestmentNews

    February is Insure Your Love month.

    {February 1st, 2022} by Life Happends

    Life Happens created and coordinates the Insure Your Love campaign at the beginning of each year because the basic motivation behind the purchase of life insurance is love. People want to protect their loved ones, and one of the best ways to do that financially is with life insurance. Click HERE to learn more at […]

    Pacific Life Foundation Announces $8 Million Charitable Giving Program for 2022

    {February 1st, 2022} by Pacific Life Foundation

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–The Pacific Life Foundation has announced plans to make $8 million in charitable contributions in 2022. Supporting communities where Pacific Life employees live and work, including Orange County, California; Omaha, Nebraska; and Lynchburg, Virginia, grants will focus on the areas of arts and culture; civic, community and economic development; environment; education; and […]

    AM Best Comments on Credit Ratings of Principal Financial Group, Inc. and Its Subsidiaries Following Reinsurance Announcement

    {February 1st, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has commented that the Credit Ratings (ratings) of Principal Financial Services, Inc. (Principal) [NASDAQ: PFG] (headquartered in Des Moines, IA) and its insurance subsidiaries remain unchanged following the Jan. 31, 2022, announcement that Principal Life Insurance Company and Principal National Life Insurance Company have entered into an agreement to cede its in-force U.S. […]

    Sixth Street Announces $25 Billion Reinsurance Transaction between an Affiliate of Talcott Resolution and Principal Financial Group

    {February 1st, 2022} by Sixth Street

    SAN FRANCISCO–(BUSINESS WIRE)–Sixth Street, a leading global investment firm, today announced the signing of a reinsurance transaction between a non-U.S. affiliate of Talcott Resolution (“Talcott”) and Principal Financial Group®. The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions. Under the terms of the transaction, the Talcott affiliate […]

    Principal Financial Group® Announces Reinsurance Transaction, Increases Share Repurchase Authorization by $1.6 Billion

    {February 1st, 2022} by Principal Financial Group

    DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group® (Nasdaq: PFG) today announced it has entered into an agreement with an affiliate of Sixth Street and its insurance platform, Talcott Resolution (“Talcott”), to reinsure the company’s in-force U.S. retail fixed annuity and universal life insurance with secondary guarantee (“ULSG”) blocks of business. Principal® expects deployable proceeds of approximately $800 million […]

    MetLife Completes Approximately $2.4 billion in Longevity Reinsurance Transactions with Phoenix Group

    {February 1st, 2022} by MetLife

    NEW YORK–(BUSINESS WIRE)–MetLife, Inc. announced today that its subsidiary, Metropolitan Tower Life Insurance Company, has completed two longevity reinsurance transactions with Phoenix Group (“Phoenix”). The transactions were completed in the fourth quarter of 2021. “We are pleased to have completed our first two longevity reinsurance transactions with Phoenix and to support Phoenix in its U.K. […]

    AIG Life & Retirement Study Shows Americans Setting Renewed Focus on Financial Security and Planning

    {February 1st, 2022} by AIG

    NEW YORK–(BUSINESS WIRE)–AIG Life & Retirement today announced the results from a new study, Americans Moving Forward, which shows individuals are thinking more critically about how future events could impact their finances. Over half of survey respondents said long-term financial planning has become more important (58%) and that they intend to save more (56%) and pay […]

    AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries

    {February 1st, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Equitable Financial Life Insurance Company of America (EFLICOA) (Phoenix, AZ) and Equitable Financial Life Insurance Company (EFLIC) (New York, NY). EFLICOA and EFLIC collectively are referred to as Equitable Life […]

    Ameriprise Financial Reports Fourth Quarter 2021 Results

    {February 1st, 2022} by Ameriprise Financial, Inc.

    MINNEAPOLIS–(BUSINESS WIRE)–Ameriprise Financial, Inc. (NYSE: AMP):         Earnings Per Diluted Share   Return on Equity, ex AOCI (1)     Q4 2021     Q4 2021 GAAP $5.96   GAAP 51.2% Adjusted Operating $6.15   Adjusted Operating 50.6%                 Fourth quarter adjusted operating earnings per diluted […]

    AM Best Affirms Credit Ratings of Members of ReliaStar Life Insurance Group

    {February 1st, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of ReliaStar Life Insurance Company of New York (Woodbury, NY) and ReliaStar Life Insurance Company (Minneapolis, MN), collectively known as ReliaStar Life Insurance Group (ReliaStar). The outlook of these Credit Ratings (ratings) is stable. […]

    AM Best Upgrades Credit Ratings of CNO Financial Group, Inc. and Its Life/Health Subsidiaries

    {February 1st, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) for the life/health subsidiaries of CNO Financial Group, Inc. (headquartered in Carmel, IN) [NYSE: CNO]. These subsidiaries are referred to collectively as CNO Financial Group (CNO). Concurrently, AM […]

    Global Atlantic Launches $10 Million Foundation With Million-Dollar Grant to Accion Opportunity Fund

    {February 1st, 2022} by Global Atlantic Financial Group

    NEW YORK–(BUSINESS WIRE)–Global Atlantic Financial Group (“Global Atlantic”), a leading U.S.-focused annuity and life insurance company, has officially launched the $10 million Global Atlantic Foundation by committing a million dollar grant in support of the Accion Opportunity Fund (“AOF”), a leading nonprofit that provides small businesses with access to capital, business networks and coaching. “Community giving […]

    Lincoln Financial Network’s New Partnership Launches to Support Financial Professionals of Color and Broaden Access to Financial Advice

    {February 1st, 2022} by Lincoln Financial Group

    PHILADELPHIA–(BUSINESS WIRE)–Lincoln Financial Network (LFN), the retail wealth management affiliate of Lincoln Financial Group (NYSE:LNC), today announced the partnership of its African American Financial Professionals Network (AAFPN) with Changing How Individuals Prosper (CHIP) Professionals. This unique partnership will provide access and opportunity to Black and Latinx financial professionals and consumers by using CHIP’s online platform […]

    Principal® Named “Best Place to Work for LGBTQ+ Equality”

    {February 1st, 2022} by Principal Financial Group

    DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group® is proud to announce that it has earned, for the seventh year in a row, the designation as a “Best Place to Work for LGBTQ+ Equality” by the Human Rights Campaign Foundation. The 100% rating comes from the 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring […]

    The Standard Earns Top Marks in Human Rights Campaign Foundation’s 2022 Corporate Equality Index

    {February 1st, 2022} by The Standard

    PORTLAND, Ore.–(BUSINESS WIRE)–Standard Insurance Company (The Standard) announced that for the sixth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. “We are honored to be recognized again by the Human […]

    Transamerica Earns Perfect Score on Corporate Equality Index

    {February 1st, 2022} by Transamerica

    BALTIMORE, Jan. 28, 2022 /PRNewswire/ — Transamerica announced today that the company earned a score of 100% from the Human Rights Campaign Foundation on their 2022 Corporate Equality Index (CEI). Transamerica has received a perfect score on the annual benchmarking survey and report—which measures workplace equality for LGBTQ+ employees—since 2017. “Transamerica has made a strong commitment to […]

    Conning is Pleased to Announce its Newest Focus Series-Group Annuities: Finding the Growth

    {February 1st, 2022} by Conning

    HARTFORD, Conn., Jan. 31, 2022 /PRNewswire/ — Group annuities include pure investment products, such as GICs, as well as annuity products similar in design to individual annuities. Group annuities are also purchased by defined benefit plans as part of their pension de-risking strategies. Looking from the outside, the group annuity line of business appears to have limited growth […]

    Sammons Financial Group Announces Record Community-Giving in 2021

    {February 1st, 2022} by Sammons Financial Group

    WEST DES MOINES, Iowa, Jan. 31, 2022 /PRNewswire/ — Sammons® Financial Group, Inc. continued its ongoing community support by donating more than $3.75 million to charitable organizations throughout 2021. Additionally, employees contributed 5,500 hours in volunteer service, 10% higher than 2019 volunteer hours. “It’s crucial for us to be part of the communities where we live and work,” said Esfand Dinshaw, chairman and […]

    A Blackstone Life Insurer Signs 10-Year Deal With NTT Data

    {February 1st, 2022} by Allison Bell

    Abig life and annuity issuer that’s now controlled by Blackstone, an investment manager, has started to show how it will operate. Everlake Life announced Monday that it has hired NTT Data Services to administer its annuities and life policies for 10 years. Everlake Life is the Northbrook, Illinois-based company that Blackstone created to hold Allstate […]

    Life Insurance Found Me

    {February 1st, 2022} by Cory Schroeder

    I am a Marine Corps veteran. When I served, I was a member of an elite bomb squad and deployed several times to Iraq. As you may imagine, the camaraderie among those of us in the unit — one that faced risk and danger each day — is deep and unique. That’s why when Peter, […]

    How Life Insurance Sales Defied Expectations

    {February 1st, 2022} by Mary Beth Ramsay

    Over the past decades, the U.S. life insurance industry has been known for its slow growth compared to other financial sectors such as banking and investments. But now, the signs are finally pointing up. According to LIMRA:   Life insurance sales increased by about 3% in 2020, a higher rate than any annual growth rate […]

    Great Resignation Could Fuel More Withdrawals From Retirement Accounts

    {February 1st, 2022} by Contributor

    (Yahoo!Finance) – Sarah Johnson has borrowed against her retirement account several times – once to buy her first home, and another time to cover unexpected medical bills. She paid the loans back – often ahead of the due dates, but when the pandemic hit and she found herself unemployed and in a financial crisis, she […]

    Permanent Life Insurance Market Giants Spending Is Going To Boom | Prudential Financial, Berkshire Hathaway, Prudential Financial

    {February 1st, 2022} by Advance Market Analytics

    Latest released the research study on Global Permanent Life Insurance Market, offers a detailed overview of the factors influencing the global business scope. Permanent Life Insurance Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, […]

    2021 Annuity Sales Highest In 13 Years, LIMRA Reports

    {February 1st, 2022} by Staff Reports

    Total U.S. annuity sales were $254.8 billion in 2021, up 16% from 2020. This represents the highest annual annuity sales since 2008, and the third highest sales recorded in history, according to preliminary results from the Secure Retirement Institute U.S. Individual Annuity Sales Survey. Total annuity were $63.4 billion in the fourth quarter, 8% higher […]

    Insurers Using RILAs to Shift From Risky Guaranteed Living Benefits: Cerulli

    {February 1st, 2022} by Melanie Waddell

    Sales of registered index-linked annuities are rising, and more insurers are replacing traditional variable annuities that offer living benefits with the products, according to Cerulli Associates. “Insurers indicate that they are using the RILA to pivot away from risky guaranteed living benefits,” states Donnie Ethier, the head of Cerulli Associates’ Wealth Management practice. “Because the […]

    Registered Index-Linked Annuities Achieve Record Growth, Cerulli Reports

    {February 1st, 2022} by Press Release

    January 25, 2022, BOSTON—Registered index-linked annuities (RILAs), including those that are built on variable and fixed annuity contracts, reached $39 billion in 2021, representing approximately 17% of total annuity sales, according to Cerulli’s report, U.S. Annuity Markets 2021: Acclimating to Industry Trends and Changing Demand. With more brand name insurers entering the space, RILAs have gained […]

    3 Reasons To Rethink The ‘Buy Term And Invest The Difference’ Strategy

    {February 1st, 2022} by Amie Agamata

    We’ve all heard the saying “buy term and invest the difference.” There is a long debate in the financial services industry on the value of whole life insurance. Why are some people either for or against whole life insurance? Click HERE to read the full story via INN

    Life Insurance vs AD&D: Do You Need Both?

    {February 1st, 2022} by iQuanti

    iQuanti: Life insurance and accidental death and disability insurance (AD&D) have a lot of similar components. In essence, life insurance pays out a death benefit in the event that the insured person dies. AD&D pays out if the insured person dies or suffers a severe injury from an accident.  Many individuals can find a life insurance […]