IFAwebnews » annuities

NAIFA offers its blueprint for Federal Insurance Office’s role

Bob Graham — Wed, 28 Dec 2011 11:35:23 +0000

A trade group representing insurance agents and financial service professionals submitted its comments on the Federal Insurance Office's Dodd-Frank study on modernizing and improving insurance regulation.

NAIFA offers its blueprint for Federal Insurance Office’s role via IFAwebnews.

N.Y. says probe links $52 million in death benefits to beneficiaries

Bob Graham — Mon, 05 Dec 2011 20:07:13 +0000

A New York investigation into life insurers failing to match life insurance policies against master files of deaths has resulted in more than $52.6 million in payments to 7,934 beneficiaries.

N.Y. says probe links $52 million in death benefits to beneficiaries via IFAwebnews.

Emotions, desire to secure retirement drive annuity sales

Bob Graham — Thu, 17 Nov 2011 03:08:19 +0000

Annuity sales are being influence by increasing emotion and a desire by buyers to secure their retirement, not accumulate wealth, a new report finds.

Emotions, desire to secure retirement drive annuity sales via IFAwebnews.

One-third of all retirees draw on annuities for income

IFAwebnews Staff — Mon, 19 Sep 2011 12:42:00 +0000

More than one-third of all retirees receive income from an annuity in retirement, according to a new LIMRA study.

One-third of all retirees draw on annuities for income via IFAwebnews.

John Hancock agrees to return $4 million to Md. policyholders

Jaime L. Brockway — Wed, 29 Jun 2011 08:35:18 +0000

John Hancock Insurance Cos. will pay about $4 million in overdue insurance and annuity payments to Maryland policyholders as part of an agreement over the results of an abandoned property audit.

John Hancock agrees to return $4 million to Md. policyholders via IFAwebnews.

National Western Life pays $17 million to end class-action suit

Jaime L. Brockway — Tue, 26 Apr 2011 17:32:29 +0000

A national life insurer paid more than $17 million to 3,274 senior citizens who purchased annuities to settle a class-action lawsuit against it for targeting senior citizens.

National Western Life pays $17 million to end class-action suit via IFAwebnews.

Pa. insurance agent loses license for improperly signing for clients

Bob Graham — Fri, 01 Apr 2011 10:14:21 +0000

A Pennsylvania insurance agent who signed annuity applications for his clients for their convenience has lost his insurance license.

Pa. insurance agent loses license for improperly signing for clients via IFAwebnews.

Lafayette Life keeping name, even as it moves to Cincinnati

IFAwebnews Staff — Thu, 31 Mar 2011 10:56:41 +0000

The Lafayette Life Insurance Co. is leaving Indiana for Cincinnati, where its parent company, Western & Southern Financial Group has its headquarters.

Lafayette Life keeping name, even as it moves to Cincinnati via IFAwebnews.

Court: Insurer disregards fiduciary, good faith duties in annuities

Jaime L. Brockway — Fri, 25 Mar 2011 10:43:48 +0000

A Racine, Wis., judge ruled that a Milwaukee-based insurance company breached contracts when it changed how dividends were paid on certain annuities.

Court: Insurer disregards fiduciary, good faith duties in annuities via IFAwebnews.

‘Unprecedented’ opportunity for advisors as annuity assets reach all-time high

Jaime L. Brockway — Wed, 09 Mar 2011 13:22:30 +0000

The annuity industry ended last year on “strong and secure footing,” where variable annuity assets reached an all-time high and fourth quarter sales showed the highest levels of last year, a report showed.

‘Unprecedented’ opportunity for advisors as annuity assets reach all-time high via IFAwebnews.