Why ‘Offshoring’ Annuity Risk Is Wrong
June 22, 2022 by Tom Gober
Any investor or adviser who relies on the products or services of the life insurance/annuity industry today should be aware that assessing the financial integrity of a company in that industry is more difficult now than in the past.
Wink’s Note: Tom Gober spanks Athene in the latest issue of Retirement Income Journal.
He goes on to say, “Leading issuers of FIAs today are using unorthodox types of reinsurance to increase their ability to hold risky or affiliated assets and to increase their sales capacity without increasing their capital requirements.”
What say you on the issue of insurance companies using these reinsurance strategies? -sjm