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Archive for May 2022


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  • Wink, Inc. Releases 1st Quarter, 2022 Deferred Annuity Sales Results

    {May 31st, 2022} by Wink's Press Release

      MULTI-YEAR GUARANTEED ANNUITY SALES GROWTH DOMINATES IN 2022   Wink, Inc. Releases 1st Quarter, 2022 Deferred Annuity Sales Results Des Moines, Iowa. May 26, 2022– Wink’s Sales & Market Report is the insurance industry’s #1 resource for annuity sales data since 1997. Sixty-two indexed annuity providers, 44 fixed annuity providers, 68 multi-year guaranteed annuity […]


    {May 31st, 2022} by Sheryl J. Moore

    Deferred Annuity Sales Total 1Q2022 deferred annuity sales were $59,716 million, compared with sales of $58,395 million for the first quarter of 2021. First quarter deferred annuity sales were down nearly 2% when compared to the previous quarter and up more than 2% when compared to the same period last year. Deferred annuities include sales […]

    #18 – Insurance is Sexy w/ Sheryl Moore of Wink Inc.

    {May 31st, 2022} by Hunter Guthrie

    Insurance doesn’t sound like an appealing industry to many people, but you can make the insurance and financial industry attractive! Sheryl has pioneered a space in the financial world to help insurance and annuity companies have access to all the information they need about the products available in the marketplace. She shares about her incredible […]

    Happy 17th Anniversary, Wink and Sheryl J. Moore!

    {May 31st, 2022} by Wink's Intel Pros

    Wink’s founder, Sheryl J. Moore’s experience at insurance companies helped her quickly identify a need that was unmet in the insurance industry for competitive intelligence. In 2005, she developed the AnnuitySpecs analysis tool, then known as AnnuitySpecs.com, out of the dining room of her home in Des Moines, Iowa. After spending endless days working alone […]

    MYGA sales growth dominates among deferred annuities in 1Q 2022, Wink report finds

    {May 31st, 2022} by Insurance Forums Staff

    Total first quarter sales for all deferred annuities were $59.7 billion; a decrease of 1.9% compared to the previous quarter and an increase of 2.2% compared to the same period last year, according to the 99th edition of Wink’s Sales & Market Report for 1st Quarter, 2022. All deferred annuities include the variable annuity, structured […]

    ‘Crazy’ evolution of life, annuity indexes draws scrutiny, says expert

    {May 31st, 2022} by John Hilton

    Indexed products are driving the life insurance sales train, a leading market expert said this week, but dark clouds are lurking. For one, regulators are likely to take another look at a regulation dealing with indexed life illustrations, said Sheryl Moore, president and CEO of Moore Market Intelligence. Likewise, lawsuit activity is up, targeting a […]

    Annuity Buyers Rush for the Raincoats

    {May 31st, 2022} by Allison Bell

    The battle between the raincoats and the beach towels showed up last week in new annuity issuer sales survey data from Wink. Overall deferred annuity sales increased just 2.2% between the first quarter of 2021 and the first quarter of this year, to $60 billion. Sales of the kinds of non-variable products that can protect your […]

    14 Actionable Tips To Help Improve A Personal Credit Score

    {May 31st, 2022} by Forbes Finance Council

    3. Pay More Than The Minimum Due When it comes to credit cards, always pay your bills on time, and always pay more than the minimum. Paying down the cards that have the least available credit is also advisable. You want to ensure, as much as possible, that your credit card balance is not near […]

    Nationwide adds new index options to IUL Accumulator II 2020

    {May 31st, 2022} by Nationwide

    Columbus, OH— To address growing concerns about market volatility, Nationwide has added new index options to one of its indexed universal life insurance products, Nationwide IUL Accumulator II 2020. The new indices offer consumers more choices for growth potential even in choppy markets. Each index takes a unique approach to limiting the impact of market […]

    Annuity Payout Rates Are on the Move

    {May 31st, 2022} by David Blanchett and Michael Finke

    Fixed rate annuities, also called multi-year guaranteed annuities (MYGAs), are like CDs offered by insurance companies that are a surprisingly appealing fixed income investment alternative. MYGAs provide guaranteed returns similar to corporate bond yields (which are not the same as corporate bond returns). Assets are protected by state guaranty funds, and gains are taxed only […]

    Life/annuity insurers lead surge into private equity investments

    {May 31st, 2022} by Editorial Staff

    The value of US insurance companies’ investments in private equity products grew by 25.8% in 2021, to $117.4 billion, from $93.3 billion in 2020. It was the biggest year-over-year increase in PE investments in recent years, according to a new AM Best special report. Click HERE to read the full story via RIJ

    Monument Re acquires portfolio from Zurich International Life Limited

    {May 31st, 2022} by Monument Re Limited

    HAMILTON, Bermuda–(BUSINESS WIRE)–Monument Re announced today that it had reached an agreement with Zurich International Life Limited (“ZILL”) to acquire the closed book portfolio of Zurich International Life Limited’s Singapore long term life insurance business. Following Monument International Life Assurance Company Limited (“MILAC”) successfully receiving a Singapore insurance licence on 27th May 2022, the ZILL Singapore […]

    Jackson Expands RIA Distribution Network Through New Strategic Alliance with The Pinnacle Group

    {May 31st, 2022} by Jackson National Life Insurance Company

    Jackson Expands RIA Distribution Network Through New Strategic Alliance with The Pinnacle Group May 25, 2022 04:05 PM Eastern Daylight Time LANSING, Mich.–(BUSINESS WIRE)–Jackson National Life Insurance Company® (Jackson®), the main operating subsidiary of Jackson Financial Inc. 1 (NYSE: JXN), today announced a new distribution relationship with The Pinnacle Group (Pinnacle) to offer its advisory annuity products through Pinnacle’s outsourced insurance […]

    Ellen Cooper Assumes Role of Lincoln Financial Group President and Chief Executive Officer

    {May 31st, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today announced that Ellen G. Cooper has assumed the role of president and chief executive officer (CEO) and has become a member of Lincoln National Corporation’s board of directors. Cooper was named CEO-elect in August 2021 after 10 years as a Lincoln executive, serving most recently as executive […]

    SURVEY: The future of work is already here – and it’s not fully remote

    {May 31st, 2022} by Nationwide

    62% Gen Z, 51% Millennials would consider leaving jobs based on employer’s return-to-office plans COLUMBUS, Ohio , May 24, 2022 /PRNewswire/ — The Great Resignation is showing signs of slowing, but there is a significant disconnect between management and employees on what it takes to retain workers in the post-COVID work environment. A new survey from Nationwide revealed that as […]

    Ameritas announces newly elected officers

    {May 31st, 2022} by Ameritas

    LINCOLN, Neb., May 31, 2022 /PRNewswire/ — Ameritas President and Chief Executive Officer Bill Lester announces the following officer elections. Aaron Berthold has been promoted to vice president, service. Berthold was previously second vice president, customer service. He earned a Master of Arts in management with an emphasis in leadership from Doane College and a Bachelor of Science in education-business from the University […]

    Hubert Humphrey and HGI Partner with Integrity to Innovate Insurance and Serve More Americans

    {May 31st, 2022} by Integrity Marketing Group

    Industry legend Hubert Humphrey selects Integrity for its best-in-class technology, marketing and support capabilities to provide more comprehensive solutions to HGI advisors and clients DALLAS, May 25, 2022 /PRNewswire/ — Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire HGI, […]

    Giving Guaranteed Income A Raise

    {May 31st, 2022} by Michael Yavorsky

    The development and use of income riders on fixed index and variable deferred annuity contracts over the last number of years has been widespread. Many consumers are now reaching the age to “turn on the income faucet.” But are these the only income options available for clients with deferred annuities? They are not. A single […]

    Minnesota becomes 25th state to pass new annuity sales rules

    {May 31st, 2022} by Targeted News Service

    WASHINGTON, May 27 (TNSreact)(TNSres) — The American Council of Life Insurers issued the following news release:Legislation recently signed into law by Minnesota Governor Tim Walz greatly enhances protections for consumers seeking lifetime income from annuities. Minnesota is the 25th state to implement the ‘best interest of consumer enhancements’ in the National Association of Insurance Commissioners […]

    Brookfield Reinsurance Completes $5.1 Billion Acquisition of American National

    {May 31st, 2022} by Brookfield Reinsurance

    BROOKFIELD NEWS, May 25, 2022 (GLOBE NEWSWIRE) — Brookfield Reinsurance has completed its acquisition of American National in an all-cash transaction valued at approximately $5.1 billion. Under the terms of the transaction, Brookfield Reinsurance acquired all issued and outstanding shares of American National Group, Inc. at a price of $190 per share. Brookfield Reinsurance plans to build on American National’s strong track record of stable growth […]

    Insurers Wait on Bills as 401(k) Annuity Market Is Slow to Bloom

    {May 30th, 2022} by Aaron Smith

    So far, the promise of the workplace annuity market has been slow to blossom. The opportunity could be “trillions of dollars” in new business, according to Wink CEO Sheryl Moore, but despite numerous initiatives that have been announced, it’s not clear how many sales have been realized. “It is too early to tell if sales are making headway,” […]

    National Association of Insurance & Financial Advisors Celebrates State Advocacy Milestone

    {May 30th, 2022} by Targeted News Service

    FALLS CHURCH, Virginia, May 28 — The National Association of Insurance and Financial Advisors issued the following news release: NAIFA strongly encourages states to adopt the NAIC’s model regulation on annuity transactions, and our state chapters have made promoting adoption of the model an advocacy priority over the past two years. Our efforts, the work of members like you at the […]

    Children Life Insurance Market Is Booming So Rapidly : Allianz , AXA, China Life Insurance: Children Life Insurance Market Size, Share, Future Growth and Opportunity Assessment 2021-2027

    {May 30th, 2022} by ReleaseWire

    New Jersey, USA — (SBWIRE) — 05/26/2022 — Advance Market Analytics published a new research publication on “Children Life Insurance Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of […]

    Build Retirement Confidence with Annuity Awareness

    {May 30th, 2022} by American Equity

    Time and money are two of your clients’ top assets. Don’t let lack of fixed index annuity awareness cost them valuable time and money in retirement. The cost of waiting Two individual pre-retirees, have the same goal: add $10,000 in annual income when they retire at 65. Both individuals are interested in the IncomeShield 10 […]

    Advisers better look to Washington for changes in annuity regulations

    {May 30th, 2022} by InvestmentNews

    Financial advisors better keep an eye on Washington to track changes in annuities regulations or it may come back to bite them, says Jason Muench, certified financial planner at UnitedOne. View the video at InvestmentNews

    SEC Hits Ameriprise Unit for Improper Variable Annuity Switching

    {May 30th, 2022} by Melanie Waddell

    The Securities and Exchange Commission on Wednesday announced settled charges against RiverSource Distributors Inc., a wholly owned subsidiary of Ameriprise Financial, for improper switching or replacing of variable annuities — which resulted in higher commissions for RiverSource employees. The action, which involved a censure and a $5 million civil penalty, is the SEC’s first-ever enforcement proceeding […]

    Finseca Brings 626 Advisors to Schmooze Washington

    {May 30th, 2022} by Allison Bell

    Finseca celebrated its new, bigger size by saying hello to the District of Columbia. The Washington-based advisor group gathered 626 advisor members in the nation’s capital this week for an advocacy summit that featured people such as Dean Cameron, the Idaho insurance director and president of the National Association of Insurance Commissioners, as the speakers. […]

    Principal Financial Group® Closes Reinsurance Transaction

    {May 30th, 2022} by Principal Financial Group

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

    RetireOne, Midland National Announce Constance Enhancements to Bring Portfolio Income Insurance Solution to All Fee-Based Financial Advisors

    {May 30th, 2022} by RetireOne

    SAN FRANCISCO–(BUSINESS WIRE)–RetireOne®, the leading platform for fee-based insurance solutions, and Midland National Life Insurance Company (Midland National), today roll out a number of enhancements to Constance – a unique, zero-commission portfolio income insurance solution designed expressly for RIAs. he firms announced the addition of 255 mutual funds, exchange-traded funds (ETFs), and model portfolios to the lineup of investment options covered […]

    MassMutual Becomes Equity Investor in Kudu Investment Management

    {May 30th, 2022} by Kudu Investment Management, LLC

    NEW YORK, May 26, 2022 /PRNewswire/ — Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide, today announced that Massachusetts Mutual Life Insurance Company (MassMutual), a leading U.S. mutual life insurance company, has become an equity investor – joining White Mountains Insurance Group, Ltd. (NYSE: WTM). Since 2018, New York-based Kudu […]

    DALBAR’s Famed Investor Behavior Research Finds Investors in Variable Annuity Subaccounts Trade Less, Earn More

    {May 30th, 2022} by DALBAR, Inc

    A Recent Study Shows that Subaccount Investors Consistently Outperform the Average Investor MARLBOROUGH, Mass., May 25, 2022 /PRNewswire/ — A new study conducted by DALBAR found that equity investors in variable annuity subaccounts trade less than the average equity investor and have earned consistently more as a result. This important research breaks through common objections to variable annuities with […]

    Vantis Life announces distribution agreement with Everdays

    {May 30th, 2022} by Vantis Life

    WINDSOR, Conn., May 25, 2022 /PRNewswire/ — Vantis Life Insurance Company, a Penn Mutual company, announces a strategic marketing agreement with Everdays, an insurtech firm providing retirement, health and end-of-life planning solutions focused on seniors that are entering or planning for retirement. As part of the agreement, Everdays will market Vantis Life insurance products through its […]

    Wink’s Demo TODAY! 11AM CDT, LIVE! with Wink’s CEO’s “Moore on the Market”

    {May 24th, 2022} by Wink's RockStars

    TODAY at 11:00 AM, Central time, join Wink’s CEO, Sheryl J. Moore, the foremost authority in the annuity and life insurance markets for a DYNAMIC  industry update. Registration is limited, don’t miss out! Click HERE TO REGISTER NOW!  

    How much has Prof. Joe Belth enriched the life insurance industry?

    {May 24th, 2022} by Sheryl J. Moore

    My friend, mentor, and respected colleague Joseph Belth is officially retiring. I’ve learned so much from him over the past 23 years. Have you? Did you read his “Insurance Forum” publication perhaps? I’ll never forget that peach-colored newsletter! If you’ve learned from Professor Joe Belth, share your experience; click HERE to join the conversation. Let’s […]

    What do you think are the latest innovations in participating whole life insurance products?

    {May 24th, 2022} by Sheryl Moore

     I see so much innovation in annuity products, by comparison. This is frustrating! Please JOIN THE CONVERSATION HERE. 

    ‘The Baby Boomer Dilemma’ Documentary Exposes America’s Failed Retirement Experiment

    {May 24th, 2022} by Sheryl J. Moore

    I am here to say that the insurance industry “offer[s] lower-cost, more transparent and straight-forward” annuities TODAY. Edward Siedle did a great job on this piece, Click HERE to read;  I was totally feeling him until we got to the end. I think I just need to bring him up to speed on the strides […]

    Continued SEC/FINRA “Complex” Product Concerns: Will Good Regulatory Harvest Arrive?

    {May 24th, 2022} by Carlton Fields, Ann Began Furman

    Like farmers uncertain about what crop to plant, the SEC and FINRA continue to cast about for ways to enhance their regulatory framework for “complex” products, particularly with regard to retail investor understanding. The regulators have been hampered by, among other things, the lack of any clear and consistent definition of what products should be […]

    NAILBA/Finseca Merger Approved

    {May 24th, 2022} by Finseca

    WASHINGTON, D.C. (May 20, 2022) -  Per the overwhelming support of the NAILBA members, Finseca and NAILBA have officially voted to merge and create: NAILBA, a Finseca Community. On January 4, 2022, Finseca and NAILBA announced an intent to explore a merger after significant due diligence conducted by a joint task force that included NAILBA […]

    No longer ‘annuicide’: How insurance products are reaching the fee-based channel

    {May 24th, 2022} by Jeff Benjamin

    The modern-day wealth management industry is quickly warming to the idea that it’s no longer dealing with your father’s annuity and insurance business. Click HERE to read the full story via InvestmentNews

    ‘Annuities’ Hits Brick Wall; ‘Guaranteed’ Works: Michael Finke

    {May 24th, 2022} by Allison Bell

    Life insurers, researchers and others converged on Washington last week to sell themselves, and the world, on the idea that it’s nice for retirees to have big companies working hard to offer them a stream of income that will last throughout retirement. The Alliance for Lifetime Income held the 2022 Future of Protected Income Summit: […]

    RILA Annuities Are High In Popularity – And Complexity

    {May 24th, 2022} by Doug Bailey

    The fastest-growing investment vehicle for retirees can also be the most complicated and attempts to try and simplify the arcane features of the relatively new product can be daunting. Still, that hasn’t slowed the popularity of the annuities, called RILAs, or registered index-linked annuities – formerly called buffered annuities or structured annuities. RILA sales broke […]

    Retirement Income Shouldn’t Depend on the Market; It Should Depend on Math

    {May 24th, 2022} by https://www.kiplinger.com/retirement/retirement-planning/604705/retirement-income-shouldnt-depend-on-the-market-it-should

    Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover. And those worries aren’t necessarily misguided. From 1928 through March 2022, there have been 26 “bear markets.” A bear market is a market decline greater than 20% that lasts at least two […]

    New York Life Wealth Watch Survey Finds Inflation Is Impacting Short-Term Spending and Saving, but Retirement Savers Remain Confident in their Plans

    {May 24th, 2022} by New York Life Wealth Watch survey

    NEW YORK–(BUSINESS WIRE)–The latest New York Life Wealth Watch survey revealed that while inflation is impacting short-term financial decisions, Americans report that their retirement strategies remain largely intact. In fact, 65% of adults report that as a result of inflation, they are cutting back on short-term spending to stay on track with their long-term financial […]

    AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Life Subsidiaries

    {May 24th, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the primary life insurance subsidiaries of Protective Live Corporation (headquartered in Birmingham, AL), collectively known as Protective Life. Additionally, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) and […]

    AM Best Affirms Credit Ratings of NLV Financial Corporation and Its Insurance Subsidiaries

    {May 24th, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of National Life Insurance Company (NLIC) (Montpelier, VT) and its wholly owned subsidiary, Life Insurance Company of the Southwest (Addison, TX). Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings […]

    Lincoln Financial Group Promotes Stephen Turer to Head of Annuity Business

    {May 24th, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) announced today that Stephen Turer has been named senior vice president and head of the Annuity business, effective July 1, 2022. Turer succeeds Brian Kroll, who will be retiring after a successful career spanning 40 years in the industry, the last 18 of those with Lincoln Financial. Turer […]

    Best’s Review Examines Life Insurers’ M&A Push and Bond Market Volatility

    {May 24th, 2022} by Best's Review

    OLDWICK, N.J.–(BUSINESS WIRE)–Best’s Review has released the following preview content of next month’s issue: In “US Interest Rates, Excess Capital Drive Life Insurers’ M&A Push,” industry experts explain why they expect more active M&A in 2022, especially from life and annuity insurers, and how more rate hikes could affect deals. “US Fed Rate Hikes, Ukraine Invasion […]

    Fortitude Re’s expansion continues

    {May 24th, 2022} by Editorial Staff

    Fortitude Re bought Rx Life Insurance Company from Heritage Life. Now named ‘Fortitude US Reinsurance Company,’ and domiciled in Arizona, it will enable Bermuda-based Fortitude Re to offer clients a US domiciled reinsurance option, the company said. Click HERE to read the full story via RIJ

    Private Equity and Accounting Firms

    {May 24th, 2022} by Kerry Pechter

    “I’d like to call this the ‘private equity invasion.’ With rock and roll, it was the British invasion. You know, the Beatles and the Rolling Stones. This is going to be huge.” Uh-oh. Click HERE to read the full story via RIJ

    Liberty Bankers Insurance Group Recognizes One Year of Summit Prime Fixed Indexed Annuities

    {May 24th, 2022} by Liberty Bankers Insurance Group

    DALLAS, May 18, 2022 /PRNewswire/ — Liberty Bankers Insurance Group (LBIG), a nationally recognized provider of life, health, and financial products, today announced that it has maintained the renewal rate for its Summit Prime Fixed Indexed Annuities. “Impeccable service and products are the backbone of our reputation,” said Steve Wilson, executive vice president, annuity division at Liberty Bankers Insurance Group. […]

    Less than half of women know how to make their money last in retirement

    {May 24th, 2022} by Alliance for Lifetime Income

    WASHINGTON, May 18, 2022 /PRNewswire/ — The Alliance for Lifetime Income and HerMoney’s latest research finds that while nearly three in four (73%) women know what steps to take to build their retirement nest egg, less than half (47%) know how to make their money last throughout retirement.  This uncertainty has created a major point of concern. […]

    OneAmerica Commits $1 Million Toward Financial Literacy

    {May 24th, 2022} by OneAmerica

    INDIANAPOLIS, May 19, 2022 /PRNewswire/ — OneAmerica® today announced a $1 million commitment to activate a uniquely tailored financial literacy program in Central Indiana. In collaboration with The American College of Financial Services, the program will offer practical financial understanding to build a personal relationship with finance and drive economic empowerment, with a focus on narrowing the racial wealth gap. The innovative […]

    Advisor Group Accelerates Growth and Expands Multi-Channel Leadership with Acquisition of Infinex Financial Holdings, with over $30 Billion in Assets

    {May 24th, 2022} by Advisor Group

    PHOENIX, May 19, 2022 /PRNewswire/ — Advisor Group, one of the nation’s largest networks of independent wealth management firms, today announced a definitive agreement to acquire Infinex Financial Holdings, Inc. (“Infinex”), the holding company of a privately-held broker-dealer. Infinex, which has a primary focus on supporting banks, credit unions and financial institution-based financial advisors and their clients, has […]

    Ritter Insurance Marketing and Integrity Announce Transformational Partnership to Help More Americans

    {May 24th, 2022} by Integrity Marketing Group

    DALLAS, May 18, 2022 /PRNewswire/ — Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire Ritter Insurance Marketing (“Ritter”), a leading independent marketing organization (“IMO”) specializing in Medicare Supplement and Medicare Advantage plans, based in Harrisburg, Pennsylvania. As […]

    60% of US Adults Say the Pandemic Has Been Highly Disruptive to Their Finances

    {May 24th, 2022} by Northwestern Mutual

    MILWAUKEE, May 18, 2022 /PRNewswire/ — More than two years into the pandemic, Americans have adapted to a new normal in their financial lives – they’ve improved their financial habits and expect them to stick; they’ve accounted for emergencies and risks; and they have far more confidence in themselves than the economy. That said, financial discipline isn’t […]

    Survey: Retirement Savers Concerned About Financial Harm Under Fiduciary-Only Government Regulation

    {May 24th, 2022} by American Council of Life Insurers

    WASHINGTON, May 23, 2022 /PRNewswire/ — A majority of moderate-income savers who are in or near retirement are concerned that a fiduciary-only regulation would keep them from the professional financial guidance they want and need, especially during difficult economic times. This finding is from a new survey by Greenwald Research for the American Council of Life Insurers […]

    Insurance execs and others weigh in on the industry’s critical talent gap

    {May 24th, 2022} by Doug Bailey

    The insurance industry is facing a critical “talent gap,” brought on by a crippling combination of “Great Resignation,” the “Great Retirement,” and waning interest among college graduates and young people in the career hunt. It is estimated that nearly a half-million insurance workers will leave their jobs in the next few years, creating openings that […]

    Industry Looks To Extend COVID-Related Life Insurance Sales Boom

    {May 24th, 2022} by Doug Bailey

    Sales of life insurance exploded during – and because of – the pandemic, and the industry is puzzling on whether the world has changed so that the growth could be maintained post-COVID. Respondents to a poll taken at a webinar this week sponsored by the Society of Insurance Research didn’t think so, estimating that growth […]

    Pace of Rate Hikes May Determine Benefit to Annuity Sellers

    {May 24th, 2022} by John Hilton

    The Federal Reserve is in an aggressive mode when it comes to interest rates and combating inflation. That could mean good news for annuity sellers. Or not. Click HERE to read the full story via INN

    Mass Affluent Investors Demanding More Complex Financial Products

    {May 24th, 2022} by Mark Shields

    Mass affluent investors traditionally opted for general or mutual funds for their investments, but there are clear signs that this trend is in on the wane. In fact, the demand for complex financial products is increasing significantly, especially among mass affluent investors. This historically overlooked group no longer relies exclusively on exchange-traded funds and mutual […]

    How Insurers Can Use Data To Deliver Added Value, Improve Customer Service

    {May 24th, 2022} by Jamie Peers

    While digitl transformation has generated vast amounts of insurance-related data, the ability to  deliver added customer value and improved customer service requires investment in the right technology to access, analyze and streamline this information. The first step is data integration and automation, and companies are investing billions in this area. The market for global data […]

    How the Life and Annuity Product Gameboard Looks Now

    {May 24th, 2022} by Allison Bell

    For U.S. life insurers, the dice have rolled and produced the following conditions: Rising interest rates. Higher levels of inflation, which might draw a yawn from the winter children of the 1970s but spook the summer children of the 2010s. Geopolitical uncertainty. COVID-19 (and monkeypox). Consumers who are doing well but feeling … gloomy. What […]

    Insurance Advisors Market Advisors to Congress

    {May 24th, 2022} by Allison Bell

    The National Association of Insurance and Financial Advisors is sending more than 500 NAIFA members this week to Capitol Hill to sell lawmakers on the idea that earning a living by protecting Americans against mortality, morbidity and longevity risk is an honorable thing to do. NAIFA members began flying to Washington on Sunday for the […]

    New York State Dings Nationwide Over Immediate Annuity Sales

    {May 24th, 2022} by Allison Bell

    The New York State Department of Financial Services is continuing to push insurers to treat consumers who roll assets from accumulation annuities into income annuities the same way they treat consumers making other types of annuity exchanges. The department announced Friday that it has imposed $2.245 million in penalties on Nationwide Life Insurance Co. in […]

    LibertyMark Freedom Fixed Indexed Annuities Launch

    {May 17th, 2022} by Legacy Marketing Group

    PETALUMA, Calif.–(BUSINESS WIRE)–Legacy Marketing Group® today announced the launch of LibertyMark Freedom, the next generation of its top-selling FIA, issued by “A” rated* Americo Financial Life and Annuity Insurance Company. As a pure accumulation powerhouse, LibertyMark Freedom offers growth potential with options when it comes to fees. It comes equipped with no-fee index options to […]

    Nationwide Adds BNP Paribas Global H-Factor Index To FIA

    {May 17th, 2022} by Nationwide

    Columbus, OH—May 16, 2022—Nationwide announced today the addition of the BNP Paribas (BNPP) Global H-Factor® Index to the Nationwide Peak® 10 fixed indexed annuity (FIA). The index offers a probability-based approach to investing by identifying and removing potentially overpriced stocks likely to lose value due to human behavior, resulting in a portfolio made up of equities more likely […]

    Lincoln Financial expands Indexed Universal Life suite with survivorship product for wealth transfer and estate planning

    {May 17th, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE:LNC) today launched Lincoln WealthPreserve® 2 Survivorship Indexed Universal Life (SIUL) for couples or business partners looking to insure two individuals in a single policy. Lincoln WealthPreserve® 2 SIUL offers an extended guaranteed death benefit, growth potential with downside protection and optional features for life’s changing needs, while enabling clients to implement estate planning strategies to […]


    {May 17th, 2022} by ACLI

    WASHINGTON, D.C.– The American Council of Life Insurers (ACLI) raised concerns in congressional testimony today over Standard & Poor’s (S&P) ratings agency’s recent proposal to its insurer capital adequacy methodology. S&P temporarily withdrew its proposal on May 9. However, S&P reserved the right to return to it in its rating process.   ACLI Senior Vice […]

    Transamerica Structured Index Advantage Annuity Offers Investors More Certainty with Upside Growth and Downside Protection

    {May 17th, 2022} by Transamerica

    BALTIMORE, May 16, 2022 /PRNewswire/ — Transamerica announces the launch of the Transamerica Structured Index AdvantageSM Annuity, a registered index-linked annuity that is designed to create more certainty for investors in uncertain markets. For investors who are seeking upside potential returns and are less willing to stay invested during down markets, the Transamerica Structured Index Advantage Annuity offers the opportunity for market […]

    The Second-Fastest-Growing U.S. Life Insurer Has Big Plans

    {May 17th, 2022} by Cyril Tuohy

    Kuvare’s Des Moines office make sense for the company because of the talent that they can pull from in the city’s experienced insurance staff pool, said Sheryl Moore, CEO of Wink, publisher of Wink’s Sales & Market Report. “It also provides a more convenient office than in their Cedar Rapids headquarters, so that executives can fly into Des […]

    Recommending FIAs: Start With The Client’s Objective

    {May 17th, 2022} by Rick Wilson

    Fixed indexed annuities have become popular financial solutions for advisors to address client goals of safe investment returns and lifetime income. FIAs offer owners the ability to earn higher yields than fixed annuities if the markets perform well, while typically providing some protection against market declines. With the increased popularity of FIAs, insurers have become […]

    FIAs compared to Bonds

    {May 17th, 2022} by Barclays

    May 2022 Innovation in the FIA space has markedly improved the offering and this provides a very important distinction to bonds. We find that examples of this innovation in FIAs have outperformed bonds on a consistent basis over the last 25 years. Both FIAs and bonds are principal protected, however bonds are exposed to yields […]

    New Envestnet Research Reveals Financial Nihilism Among Some Millennials

    {May 17th, 2022} by Jeff Berman

    There is good news and bad news for advisors when it comes to getting their clients on the road to living an “Intelligent Financial Life,” according to Envestnet and Jason Dorsey, president and co-founder of The Center for Generational Kinetics in Austin, Texas. The good news is there’s a significant opportunity out there to reach […]

    Cheat Sheet: Basic Annuity Types and Facts Every Advisor Should Know

    {May 17th, 2022} by Ginger Szala

    Annuities are becoming more accessible through fee-only advisors and retirement plans. For advisors who have clients interested in these products, here’s a quick rundown on what types of annuities are available and how, generally, each type works. Keep in mind: There are always new wrinkles to think about. If you are new to annuities, and […]

    Life Application Activity Cools Again

    {May 17th, 2022} by Allison Bell

    U.S. individual life insurance application activity continued to cool in April, according to the new MIB life application activity report. Application activity was 7.7% lower in March than in March 2021. Click HERE to read the full story via ThinkAdvisor

    Life Insurers Added Asset-Backed Securities in 2021

    {May 17th, 2022} by Allison Bell

    U.S. life insurers continued to make corporate bonds their main investment course in 2021, but they increased asset-backed securities allocations to add some yield spice. The Capital Markets Bureau, an arm of the National Association of Insurance Commissioners, has published a life insurer portfolio snapshot in its latest annual report on U.S. insurers’ cash and […]

    Northwestern Mutual to Invest $5M in Local Financial Institutions

    {May 17th, 2022} by Allison Bell

    Northwestern Mutual is trying to add some real diversification to its investment portfolio — by investing in its own neighbors. The Milwaukee-based mutual life insurer is allocating $5 million of its assets to two Milwaukee-based community development financial institutions: Legacy Redevelopment Corp. and Northwest Side Community Development Corp. Click HERE to read the full story […]

    Life Insurers Look Fine: Swiss Re Economists

    {May 17th, 2022} by Allison Bell

    Economists at a Swiss Re research arm have tried to think about the winds that might blow the world’s life insurers around over the next two years. The economists have come out with a cautious prediction that life insurers could do pretty well, in a new report on the possible effects of “stagflation,” or a […]

    Treasury Secretary Worries About Leverage at Life Insurers

    {May 17th, 2022} by Allison Bell

    Federal regulators could try to regain their authority over nonbank financial institutions that look as if they could hurt the U.S. financial system. Treasury Secretary Janet Yellen talked about regulators’ thoughts on designating some nonbanks as “systemically important financial institutions,” or SIFIs, on Tuesday at a Senate Banking Committee hearing on the Financial Stability Oversight […]

    S&P Rating Method Update Could Ding Annuities: Hearing Witness

    {May 17th, 2022} by Allison Bell

    The American Council of Life Insurers would prefer to see S&P Global Ratings take a different approach if and when it updates its rules for rating insurers’ capital levels. Mariana Gomez-Vock, a senior vice president at the ACLI, gave that assessment Wednesday at a hearing on the bond rating industrythat was organized by the House […]

    ‘Annuities’ Hits Brick Wall; ‘Guaranteed’ Works: Michael Finke

    {May 17th, 2022} by Allison Bell

    Life insurers, researchers and others converged on Washington last week to sell themselves, and the world, on the idea that it’s nice for retirees to have big companies working hard to offer them a stream of income that will last throughout retirement. The Alliance for Lifetime Income held the 2022 Future of Protected Income Summit: […]

    Fed’s stability report assesses life insurers

    {May 17th, 2022} by Editorial Staff

    The Federal Reserve’s Board of Governors released its annual Financial Stability Report this month. Portions of the 72-page document were devoted to statistics on the financial health of the US life insurance industry, which includes the annuity industry.  The report noted an overall increase in the liquidity of the industry’s liabilities and a trend toward holding less […]

    Symetra Once Again Teams Up with Sue Bird on New TV Advertising

    {May 17th, 2022} by Symetra

    BELLEVUE, Wash.–(BUSINESS WIRE)–Symetra, a national provider of employee benefits, annuities and life insurance, has launched new brand advertising featuring five-time Olympic gold medalist and four-time WNBA Champion Sue Bird. This marks the Pacific Northwest-based life insurer’s fourth collaboration with the Seattle Storm point guard. The 30-second commercial debuted on FOX 13+ during the Seattle Storm’s […]

    Latest MoneyGuard Solution From Lincoln Financial Group Offers More Control, Flexibility and Options

    {May 17th, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today launched the next generation of Lincoln MoneyGuard® by introducing MoneyGuard Fixed AdvantageSM, a universal life insurance policy with a long-term care rider. The MoneyGuard solutions suite helps address the concerns of 87% of Americans surveyed who say that having a long-term care solution would help them feel more confident about their financial […]

    Jackson Announces First Quarter 2022 Results

    {May 17th, 2022} by Jackson Financial Inc.

    Jackson Announces First Quarter 2022 Results May 10, 2022 04:15 PM Eastern Daylight Time LANSING, Mich.–(BUSINESS WIRE)–Jackson Financial Inc. (NYSE: JXN) (Jackson®) today announced financial results for the three months ended March 31, 2022. Key Highlights Net income of $2,025 million, or $22.51 per diluted share, including the impact of non-economic hedging results under GAAP […]

    Fabric, RetireOne Team Up to Bring Advisors Risk Management Tool for Annuities

    {May 17th, 2022} by RetireOne

    SAN FRANCISCO–(BUSINESS WIRE)–RetireOne, the leading independent platform for fee-based insurance solutions, today announced a partnership with Fabric to integrate its risk modeling capability into RetireOne’s user platform, beginning with its zero-commission contingent deferred annuity, ConstanceSM. Developed in partnership with Midland National® Life Insurance Company and offered exclusively on the RetireOne platform, Constance is a form of portfolio income insurance […]

    Pacific Life Wins 2022 Gold Stevie® Award for Sales & Customer Service

    {May 17th, 2022} by Pacific Life

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life’s Retirement Solutions Division (RSD)’s New Business Status Tracker tool was honored with a gold Stevie® Award at the 16th annual Stevie Awards for Sales & Customer Service in the new IVR or Web Service Solution category. This distinguished achievement showcases the advancements of Pacific Life’s digital transformation efforts, particularly in new business and adviser […]

    May 12, 2022 Coming Out of Winter Hibernation

    {May 17th, 2022} by Ann Young Black, Jordan Luczaj

    The Life Insurance and Annuities (A) Committee sprang into action during the NAIC Spring 2022 National Meeting in April. The A Committee discussed recent activities and 2022 plans for its Life Actuarial Task Force (LATF), its Annuity Suitability Working Group, and its Life Insurance Online Guide Working Group. Click HERE to read the full story […]

    Equitable Sees ‘Rational’ Registered Index-Linked Annuity Pricing

    {May 17th, 2022} by Allison Bell

    Equitable Holdings’ life insurance business helped create the modern market for registered index-linked annuities, or RILAs. Many other life insurers are now entering that market, attracted by the ability to tie returns to easy-to-manage options contracts, while having the ability to adjust just how much or how little market risk they protect the contract holder […]

    Bonds May Be Down, But Some Annuity Payouts Are Up

    {May 17th, 2022} by David Blanchett

    It’s been a pretty wild ride for the markets in 2022. Equities and bonds are down so far for the year, and inflation is up (way up on a relative historical basis) — creating a challenging environment for investors. I’ve spoken with quite a few investors and financial advisors over the last few years and […]

    The latest in financial #AdviserTech — May 2022

    {May 17th, 2022} by Michael Kitces

    This month’s #AdviserTech roundup looks at Orion’s acquisition of Redtail CRM, Advyzon’s launch of its Quantum Rebalancer, RightCapital’s new one-page Financial Plan Snapshot and Vanguard’s partnering with American Express.  Click HERE to read the full story via InvestmentNews


    {May 17th, 2022} by ACLI

    WASHINGTON – American Council of Life Insurers (ACLI) President and CEO Susan Neely and National Association of Insurance and Financial Advisors (NAIFA) South Carolina President Johnny Craven issued the following joint statement on the best interest annuity rule adopted recently by Acting Director Michael Wise and the South Carolina Department of Insurance: “A new rule […]

    Father of 4% Rule Urges Caution, Cash as Market Risk Rises

    {May 17th, 2022} by Jane Wollman Rusoff

    Bill Bengen, the inventor of the so-called 4% retirement portfolio withdrawal rule, has a crucial message for financial advisors: “Manage the risk portion of a retirement nest egg actively. Unless you’re willing to vary — reduce — your clients’ allocations to reduce risk, it could be damaging,” the former 25-year advisor argues in an interview […]

    Rising Interest Rates Scramble Annuity Sales Forecasts

    {May 17th, 2022} by John Hilton

    Annuity exchanges could become big business over the coming quarters as short-term fixed-rate deferred contracts expire. It is part of a business climate supercharged by the rise in interest rates, said Todd Giesing, assistant vice president, Secure Retirement Institute Annuity Research. “The pace of change is just unbelievable and trying to keep up with it […]

    National Western Life Group, Inc. Announces 2022 First Quarter Earnings

    {May 16th, 2022} by National Western Life Group, Inc.

      AUSTIN, Texas, May 10, 2022 /PRNewswire/ — Ross R. Moody, Chairman of the Board, President, and Chief Executive Officer of National Western Life Group, Inc. (Nasdaq: NWLI), announced today first quarter 2022 consolidated net earnings of $36.2 million, or $10.23 per diluted Class A common share, compared with consolidated net earnings of $62.1 million, or $17.57 per diluted Class A common share, for the […]

    Busting Stereotypes: Millennials Take Control of their Finances

    {May 16th, 2022} by Nationwide

    Survey finds that Millennials are concerned about recession, but feel confident in steps they are taking to prepare for the unexpected COLUMBUS, Ohio, May 10, 2022 /PRNewswire/ — The Millennial generation (aged 26-41) has been pegged with stereotypes of careless spending and saving habits since the early 2010s. However, with the oldest members of this generation now […]

    Midwest Holding Inc. Reports First Quarter 2022 Results

    {May 16th, 2022} by Midwest Holding Inc

    LINCOLN, Neb., May 16, 2022 /PRNewswire/ — Midwest Holding Inc. (“Midwest”) (NASDAQ: MDWT), today announced financial results for the first quarter of 2022. First Quarter 2022 Highlights: GAAP net income was $187,000 compared to a $(1.6) million GAAP net loss incurred in the first quarter of 2021. GAAP earnings were 5 cents per share (diluted) versus the (43) cent per-share loss in Q1 2021. GAAP total […]

    Women in Insurance & Financial Services (WIFS) Announces Schedule of Events for 2022

    {May 16th, 2022} by WIS

    Women in Insurance & Financial Services (WIFS), the only national organization exclusively devoted to the success of women in the insurance and financial services fields, has announced its schedule of events for 2022, including its prestigious WIFS National Conference. “WIFS is devoted to advancing career opportunities, providing professional development, and representing women’s interests in a […]

    Congratulations to the NAILBA team!

    {May 16th, 2022} by NAILBA

    NAILBA is excited to announce that it has been recognized by ASAE: The Center for Association Leadership with a 2022 Gold Circle Award for excellence in Integrated Media Solutions! “The work that Pam Sheehan and our team have done to elevate NAILBA’s content is truly remarkable and has cemented our role as the voice of independent distribution,” said NAILBA […]

    Mental Health Awareness Month: Making Sure Our Associates Know They Are Never Alone

    {May 16th, 2022} by Walmart

    May is Mental Health Awareness Month in the U.S. For many of us, the last 24 months of living in the shadow of a global pandemic has brought prolonged isolation from our friends and colleagues and introduced new levels of anxiety and fear many of us have never experienced before. And considering the growing level […]

    2023 Social Security COLA could be biggest in 40 years

    {May 16th, 2022} by Mary Beth Franklin

    It sounds like déjà vu: The next Social Security cost-of-living adjustment could be the biggest percentage increase in 40 years. It was true for 2022, and it’s likely to be true again next year. Click HERE to read the full story via InvestmentNews     Wink’s Note: An 8.6% Cost of Living Adjustment on next year’s Social […]

    Geek out on this intel!

    {May 16th, 2022} by Sheryl J. Moore

    I seriously geek out on this intel. Click here for the top ten Indy B/Ds for annuity sales: 

    As if being “independent” makes anyone truly INDEPENDENT.

    {May 16th, 2022} by Sheryl Moore

    As if being “independent” makes anyone truly INDEPENDENT. Even marketing organizations have to commit a certain level of production to their top product manufacturers to get top contracts. So, are they truly INDEPENDENT? And would they even suggest insurance products, were they not affiliated with insurance company B/Ds? I am interested in what you think. […]

    Best’s Special Report: U.S. Life/Annuity Insurance Industry Sees Limited COVID-19 Impact on Operating Performance Metrics

    {May 16th, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best benchmarking analysis of rated U.S. life/annuity (L/A) insurance companies showed that not only did COVID-19 have a limited impact on operating performance, those insurers with an assessment of very strong have not reported an operating loss in two decades. In its Best’s Special Report, titled, “Limited COVID-19 Impact on U.S. L/A Operating Performance […]

    Security Benefit Adds An “A” Financial Strength Rating

    {May 16th, 2022} by Security Benefit

    TOPEKA, Kan.–(BUSINESS WIRE)–Security Benefit, a leader in the U.S. retirement market, today announced that DBRS Morningstar has assigned a Financial Strength Rating of “A” (stable) to Security Benefit Life Insurance Company (SBLIC)* and First Security Benefit Life Insurance & Annuity Company of New York (FSBL). Both are subsidiaries of SBL Holdings, Inc., to which DBRS […]

    Why RIJ Obsesses over the ‘Bermuda Triangle’

    {May 10th, 2022} by Kerry Pechter

    As an RIJ reader, you might have wondered why we spend so much editorial space on the ‘Bermuda Triangle’ phenomenon. There are three main reasons.  Click HERE to read the full story via RIJ     Wink’s Note: If Kerry Pechter of “Retirement Income Journal” is concerned about this… I guess I am too? -sjm

    Ash Brokerage Joins Integrity in Historic Partnership to Further Innovate Insurance and Financial Services

    {May 10th, 2022} by Integrity Marketing Group

    Transformational union of industry trailblazers will empower agents and advisors to provide more holistic life, health and wealth solutions that help Americans plan for the good days ahead DALLAS, May 4, 2022 /PRNewswire/ — Integrity Marketing Group, LLC (“Integrity”), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it […]

    How advisors can help clients get early retirement account distributions – without paying a penalty

    {May 10th, 2022} by Jeffrey Levine

    The Internal Revenue Code encourages individuals to save for retirement by offering taxpayers the ability to invest for their ‘golden years’ through a variety of tax-favored retirement accounts such as IRAs, Roth IRAs and 401(k) plans.  But the tax benefits provided by these accounts don’t come without strings attached. Notably, in order to help ensure […]

    IRS Proposes Updating Life Expectancy Tables for Annuities

    {May 10th, 2022} by Austin R. Ramsey

    The Internal Revenue Service is updating the life expectancy tables insurance companies use to calculate the value of and interest rates on annuities. The proposed new actuarial tables reflect updated Census and population trend data. They apply to annuities retirees use to hedge against outliving their retirement income. The public can comment on the revised […]

    AIG Ramps Up Life & Retirement Split While Annuity Sales Climb

    {May 10th, 2022} by John Hilton

    American International Group benefited from a surge in fixed annuity business in the first quarter, even while it continues a plan to split off its Life & Retirement business. The company’s plan for Life & Retirement is into its second year and remains on track, CEO Peter Zaffino said during this morning’s first quarter earning’s […]

    Insure.com’s 2022 Mother’s Day Index: Mom’s Role Soars to $126,725

    {May 10th, 2022} by Insure.com

    Salaries are rising – and a mother’s economic value increased 9.2% in the last year FOSTER CITY, Calif., May 4, 2022 /PRNewswire/ — Insure.com, a comprehensive source for insurance information,  releases its 12th annual Mother’s Day Index showing that the work many moms typically perform for their households could justify an income of more than $126,725. That’s an increase […]

    CUNA Mutual Group Announces Plans To Unify Under One Brand in 2023

    {May 10th, 2022} by CUNA Mutual Group

    Company to Become TruStage®, Reflecting Outstanding Growth and Continuing to Improve Customer Experience MADISON, Wis., May 5, 2022 /PRNewswire/ — CUNA Mutual Group today announced its plans to unify its businesses under a single brand, TruStage, in 2023. The change strengthens the company’s ability to serve those who count on it most. “We were born out of the […]

    Simplicity Group Completes its 35th Acquisition — Buckhead Brokerage Group — and Welcomes Forrest Mitchell as Newest Partner

    {May 10th, 2022} by Simplicity Group

    SUMMIT, N.J., May 3, 2022 /PRNewswire/ — The Simplicity Group (“Simplicity”) today announced the acquisition of Georgia-based Buckhead Brokerage Group (“Buckhead”). With the completion of this transaction, Simplicity welcomes Forrest Mitchell as its newest partner. “Forrest and his team are first-class professionals, well-aligned with Simplicity’s guiding principles of education, value, and partnership,” Bruce Donaldson, President and CEO of Simplicity. “Like the team […]

    TIAA Named a 2022 DiversityInc Top 50 Company

    {May 10th, 2022} by TIAA

    NEW YORK, May 5, 2022 /PRNewswire/ — TIAA has ranked number eight on DiversityInc’s 2022 Top 50 Companies list. The organization also ranked as a Top Company for Environmental, Social & Governance, a Top Company for Employee Resource Groups and a Top Company for Executive Diversity Councils. This year marks a decade that TIAA has been included on the list and the third […]

    Simplicity Group Acquires Blue Ocean Financial Network and Welcomes Christopher Yen as Newest Partner

    {May 10th, 2022} by Simplicity Group

    SUMMIT, N.J., May 5, 2022 /PRNewswire/ — The Simplicity Group (“Simplicity”) today announced the acquisition of Northern California-based Blue Ocean Financial Network (“Blue Ocean”) and welcomed Christopher Yen as its newest partner. This Blue Ocean transaction is Simplicity’s 36th acquisition. Following completion, Blue Ocean will transition to the Simplicity brand, and the day-to-day operations will continue to be managed by Chris Yen. […]

    Midwest Holding Schedules Conference Call to Discuss First Quarter 2022 Results

    {May 10th, 2022} by Midwest Holding Inc

    LINCOLN, Neb., May 5, 2022 /PRNewswire/ — Midwest Holding Inc. (“Midwest”) (NASDAQ: MDWT) today announced plans to host a conference call to discuss financial and operating results for the first quarter of 2022 on May 17, 2022, at 8:30 a.m. Eastern Time. The Company also plans to post those results on the investor relations section of its website at https://ir.midwestholding.com after the […]

    Prudential Financial, Inc. Announces First Quarter 2022 Results

    {May 10th, 2022} by Prudential Financial

    NEWARK, N.J.–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) today reported first quarter results. Net loss attributable to Prudential Financial, Inc. was $31 million ($0.10 per Common share) for the first quarter of 2022, compared to net income of $2.828 billion ($6.98 per Common share) for the first quarter of 2021. After-tax adjusted operating income was $1.218 […]

    AIG Recognized among Top 50 Companies for Diversity by DiversityInc for Fifth Consecutive Year

    {May 10th, 2022} by AIG

    NEW YORK–(BUSINESS WIRE)–For the fifth consecutive year, American International Group, Inc. (NYSE: AIG) has been named one of DiversityInc’s Top 50 Companies for Diversity, the leading assessment of diversity management in corporate America. AIG has elevated its rank every year since first reaching the Top 50 in 2018 and improved from 37th to 32nd place in 2022. […]

    Brighthouse Financial Announces First Quarter 2022 Results

    {May 10th, 2022} by Brighthouse Financial

    CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today its financial results for the first quarter ended March 31, 2022. First Quarter 2022 Results The company reported net income available to shareholders of $613 million in the first quarter of 2022, or $7.91 per diluted share, compared with a net […]

    Equitable Holdings Reports First Quarter 2022 Results

    {May 10th, 2022} by Equitable Holdings, Inc

    NEW YORK–(BUSINESS WIRE)–Equitable Holdings, Inc. (“Equitable Holdings”, “Holdings”, or the “Company”) (NYSE: EQH) today announced financial results for the first quarter ended March 31, 2022. “Our fair value economic approach and use of market interest rates have led to robust cash flows despite volatile markets and geopolitical conflict. We reported first quarter Non-GAAP operating earnings […]

    Horace Mann reports first-quarter 2022 net income of $0.35 per share and core earnings* of $0.64 per share

    {May 10th, 2022} by Horace Mann Educators Corporation

    SPRINGFIELD, Ill.–(BUSINESS WIRE)–Horace Mann Educators Corporation (NYSE:HMN) today reported financial results for the three months ended March 31, 2022: ($ in millions, except per share amounts)   Three Months Ended March 31,       2022       2021     % Change Total revenues   $ 346.8     $ 322.0     […]

    Lincoln Financial Group Reports First Quarter 2022 Results

    {May 10th, 2022} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today reported net income for the first quarter of 2022 of $104 million, or $0.58 per diluted share available to common stockholders, compared to net income in the first quarter of 2021 of $225 million, or $1.16 per diluted share available to common stockholders. First quarter adjusted income […]

    American Equity Reports Solid Results in line with Expectations

    {May 10th, 2022} by American Equity Investment Life Insurance 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 first quarter 2022 results. These results include improved yields in the investment portfolio, continuing implementation of new relationships with “best-in-class” asset originators, and new sales and other operating costs and expenses […]

    AIG Reports First Quarter 2022 Results

    {May 10th, 2022} by AIG

    NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today reported financial results for the first quarter ended March 31, 2022. AIG Chairman & Chief Executive Officer Peter Zaffino said: “In the first quarter of 2022, AIG delivered excellent results, while simultaneously advancing a number of strategic, operational and financial priorities. I am very pleased with […]

    SEC Marketing Rule: What You Need to Know

    {May 10th, 2022} by Rita Raagas De Ramos

    Registered investment advisor firms have until November 4 to fully comply with the Securities and Exchange Commission’s new marketing rule. The “Marketing Rule” is part of the Investment Advisers Act of 1940. It overhauls and modernizes the SEC’s “Advertising Rule” and “Cash Solicitation Rule” and creates a single rule, according to the Wagner Law Group. Click HERE […]

    Michael Finke Explains the Bolt-On Annuity

    {May 10th, 2022} by Allison Bell

    Clients who hate existing retail annuity investment portfolios can build their own. RetireOne has brought in Michael Finke — a retirement security researcher — to help it explain that this is possible, even for retirement savers who are not billionaires and who do not own lairs on private islands. Finke wrote a “white paper,” or […]

    Lincoln Financial Losses Slow With Ebbing Pandemic

    {May 10th, 2022} by Steven A. Morelli

    Lincoln Financial earnings dropped by more than half year over year in the first quarter, largely because of pandemic-related losses but also a drop in indexed variable annuity sales, which incoming CEO Ellen Cooper said was in line with the carrier’s shift in sales strategy. The company’s earnings totaled $103 million, $0.58 per share, compared […]

    Life Sales Ring $200 Billion Bell

    {May 10th, 2022} by Steven A. Morelli

    Mortality awareness apparently drove a banner year for life insurance in 2021 with the industry selling more than $200 billion in premium for the first time, according to S&P Global. Life premiums popped by nearly 10% over the year, bringing sales to $204.7 billion, according to an S&P Global Market Intelligence analysis of company annual […]

    S&P Puts Off Effort to Develop Tougher Life Insurer Grading System

    {May 10th, 2022} by Allison Bell

    S&P Global Ratings is backing away from a battle with regulators and life insurers over a grading system update. The New York-based rating agency has been trying to adopt new, tougher insurer risk-based capital adequacy criteria, to look harder to see how well any given insurer might perform in dire circumstances. Click HERE to read […]

    How to navigate the turbulent stock market depends on when you will retire

    {May 10th, 2022} by Claire Ballentine and Suzanne Woolley

    You know you’re not supposed to look, but it’s impossible to resist.  When stocks are plunging, checking your investment accounts is risky business. The market turbulence is jarring for younger investors, who are used to the idea that stocks always go up. And for those with a bit more experience, watching hard-earned money suddenly disappear […]

    Insurers Working Quickly To Address Employee Shortage Crisis

    {May 10th, 2022} by John Hilton

    Like most industries, insurance is struggling to add employees. In fact, the talent shortage is approaching crisis levels. Insurance unemployment is at 1.5%, said Brad Whatley, managing director of The Jacobson Group, compared to the national 3.6% unemployment rate for all industries. Whatley hosted a session during the annual 2022 Life Insurance Conference last week, […]

    5 Annuity Bills in Congress Now

    {May 10th, 2022} by Melanie Waddell

    Changes to the annuity landscape will likely be ushered in this year with the anticipated passage by the Senate of the Securing a Strong Retirement Act of 2022, or Secure Act 2.0, which would make it easier to use qualified longevity annuity contracts in retirement plans, among other changes. In the meantime, total U.S. annuity […]

    Edelman, Nadig Say FINRA Complex Product Ideas Are ‘Unworkable,’ Terrifying

    {May 10th, 2022} by Melanie Waddell

    The Financial Industry Regulatory Authority’s potential changes to regulation of complex products are “fatally flawed” and “completely unworkable,” according to RIA founder turned crypto evangelist Ric Edelman. As set out in Regulatory Notice 22-08, FINRA could limit retail investor access to many mutual funds, ETFs and closed-end funds, according to Dave Nadig, financial futurist at […]

    Transamerica Transforms Annuity and Life Insurance Solutions with Addition of Liza Tyler and Andrew DeMarco

    {May 9th, 2022} by Transamerica

    Transamerica announces that Liza Tyler has been appointed Head of Annuity Solutions and Andrew DeMarco as Head of Life Solutions for the company’s Individual Solutions division. This new leadership structure is part of Transamerica’s commitment to a broad and resilient product suite for life insurance and annuities, driving growth in a risk-managed and capital efficient […]

    The ‘Retirement Income Consortium’ is Born

    {May 9th, 2022} by Kerry Pechter

    A group of life insurers and asset managers has created a new industry group:  the Retirement Income Consortium (RIC). The founding members are AllianceBernstein, Allianz, BlackRock, Income America, Nationwide, Principal Financial Group, Prudential Financial and TIAA-Nuveen. Click HERE to read the full story via RIJ

    New York’s ‘shot-across-the-bow’ to PE firms

    {May 9th, 2022} by Kerry Pechter

    In a message that may have been inspired by Blackstone’s 2021 purchase of a 9.9% equity stake in AIG Life & Retirement, the New York Department of Financial Services issued Insurance Circular Letter No. 5 (2022) on April 19. Click HERE to read the full story via RIJ

    Private Equity in the Life/Annuity Biz

    {May 9th, 2022} by Kerry Pechter

    Private equity (PE) firms or “alt-asset managers,” in the opinions of many, have bestowed heavenly manna on the life/annuity industry during the past decade’s yield-famine.  Click HERE to read the full story via RIJ

    USAA inked a pair of reinsurance deals in 2021

    {May 9th, 2022} by Editorial Staff

    USAA Life Insurance Company into two reinsurance arrangements in 2021, with a combined value of about $6 billion, according the Texas-domiciled mutual insurer’s 2021 Annual Statement, filed with the Texas Department of Insurance on February 10, 2022.   Click HERE to read the full story via RIJ

    Recommending FIAs: Start With The Client’s Objective

    {May 9th, 2022} by Rick Wilson

    Fixed indexed annuities have become popular financial solutions for advisors to address client goals of safe investment returns and lifetime income. FIAs offer owners the ability to earn higher yields than fixed annuities if the markets perform well, while typically providing some protection against market declines. With the increased popularity of FIAs, insurers have become […]

    Growing financial services firm Kuvare opens Des Moines office in East Village, continuing expansion in Iowa

    {May 9th, 2022} by Kuvare

    DES MOINES, IA — May 3, 2022 — Kuvare today announced the opening of its newest location in the East Village area of Des Moines, Iowa. This office will utilize the region’s exceptional talent to support the continued growth of Kuvare’s life insurance and annuity businesses: Guaranty Income Life Insurance Company (GILICO), United Life Insurance […]

    North American adds exclusive Morgan Stanley index to its top fixed annuity products

    {May 3rd, 2022} by North American Company for Life and Health Insurance

    WEST DES MOINES, Iowa, April 26, 2022 /PRNewswire/ — Annuity customers looking for consistent, positive performance potential can consider a new index offered through North American Company for Life and Health Insurance®, a member company of Sammons Financial Group®.  The new financial index is designed by Morgan Stanley and can help today’s annuity customer manage the often shifting economic and market environment facing […]

    Chicago-based life and annuity company Kuvare establishes Des Moines office

    {May 3rd, 2022} by Joe Gardyasz

    Kuvare US Holdings, a Chicago-based annuity and life insurance company with operations in Cedar Rapids, last week opened a Des Moines office and plans to staff the new location with about 50 insurance professionals within the next three years. Kuvare, (rhymes with “O’Hare) was founded in 2015 by Dhiren Jhaveri, a former Sammons Financial Group executive who saw […]

    What the Broker-Dealer Industry Looks Like Now, in 5 Charts

    {May 3rd, 2022} by Melanie Waddell

    The Financial Industry Regulatory Authority released Monday its 2022 Industry Snapshot, the annual statistical report on the brokerage firms, registered representatives and market activity that FINRA oversees. “The securities industry is highly dynamic, and as it evolves, we continue to add new data sets to the FINRA Industry Snapshot to provide visibility into those changes,” said FINRA […]

    Ameriprise Celebrates Fed Interest Rate Increases

    {May 3rd, 2022} by Allison Bell

    Executives at Ameriprise Financial are trying to tell investors how bright the future looks for life and annuity issuers right now while being compassionate about the problems facing the world as a whole. Jim Cracchiolo, the Minneapolis-based company’s CEO, worked to find a balance between concern and optimism Tuesday, when he briefed securities analysts on the company’s first-quarter […]

    AM Best Removes From Under Review With Negative Implications and Downgrades Credit Ratings of Prudential Annuities Life Assurance Corporation

    {May 3rd, 2022} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “aa-” (Superior) of Prudential Annuities Life Assurance Corporation (PALAC) (Scottsdale, Arizona). The outlook assigned to these Credit Ratings (ratings) is stable. The […]

    Protective Closes on AUL Acquisition, Adds Complementary Product Portfolio to Its Asset Protection Division

    {May 3rd, 2022} by Protective

    BIRMINGHAM, Ala.–(BUSINESS WIRE)–Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), is proud to announce that its principal subsidiary, Protective Life Insurance Company, completed the acquisition of leading automotive finance and insurance provider AUL Corp. (“AUL”). The transaction, which was announced on March 21, 2022, allows Protective to offer additional solutions, protect more customers […]

    Mutual of America Financial Group Announces Agreement to Acquire Landmark Life Insurance Company

    {May 3rd, 2022} by Jamie Johnson

    NEW YORK, April 26, 2022 /PRNewswire/ — Mutual of America Financial Group announced today that it has entered into a Stock Purchase Agreement to acquire Landmark Life Insurance Company, a widely licensed Texas life and annuity insurance company (“Landmark Life”). The transaction is expected to close during the third quarter of 2022, subject to customary closing conditions, including regulatory approval. “The […]

    The Positives And Negatives Of Fixed Annuities

    {May 3rd, 2022} by Harry Stout

    As we move through 2022, and given the economic uncertainty they face, aging consumers are becoming more familiar with the great intrinsic value of fixed annuity products (e.g., tax deferral, principal protection, guaranteed income options, unlimited purchase ability, and probate avoidance among others). Consumers are asking more questions about fixed annuities in order to improve […]

    A Simple Strategy To Use Life Insurance For Income Protection

    {May 3rd, 2022} by Jim Karthaus

    As a Marine helicopter pilot, I was the unfortunate witness of too many young families losing a loved one. The pain of sudden death is overwhelming. Our hearts and minds seem to lack the ability to comprehend the magnitude of such loss. Time may heal all wounds, but it is excruciatingly slow at healing the […]

    Fidelity National Prepares to Spin Off Part of Annuity Unit

    {May 3rd, 2022} by Allison Bell

    Fidelity National Financial is preparing to give a 15% stake in its F&G Annuities & Life subsidiary — the unit that holds Fidelity & Guaranty Life Insurance Co. — to its shareholders. Fidelity National is the Jacksonville, Florida-based title insurer that acquired F&G in June 2020. F&G is a Des Moines, Iowa-based life and annuity […]