One of the biggest concerns that people have with annuities is the problem of unethical advisors selling investors products that aren’t right for them. The National Association of Insurance Commissioners (NAIC) approved regulations last year to protect investors from such practices. The Suitability in Annuity …
Our series of questions from you continues. I am a teacher and have been contributing to a 403b tax sheltered annuity (TSA) for nearly 20 years. I am interested in borrowing money from this account for a down-payment on a home. Is this possible, and …
Sales of immediate annuities and fixed indexed annuities increased in 2010, according to National Underwriter’s Allison Bell. The article “Annuity Data: Fixed Annuities; Variable Annuity Guaranteed Living Benefits” summarizes the information collected by Beacon Research Publications Inc. Fixed annuity sales decreased 31% from 2009 to …
In the Annuity News Journal article “Prudential and MetLife Top Analyst Expectations,” we learn from Henry Steelman that annuities really made the difference in improved numbers for both Prudential and MetLife. Analysts’ expectations for the fourth quarter numbers of both insurance companies didn’t take into …
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