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Phoenix Collaborates for Equity Indexed Annuities

According to Insurance News Net's article "Phoenix Cos. Forms Alliance for Indexed Annuities, Continues to Seek New Distribution Channels," the Connecticut based company is looking to sell their products through many new channels.  They are now collaborating with AltiSure Group, an annuity company that also designs and distributes life insurance.  The companies will work together in developing equity indexed annuities and life insurance in hopes to bring them to a much greater number of... Read More

Restored Interest in Variable Annuities

According to California's Daily Breeze article "MONEYWISE: Looking into the renewed interest in investing in annuities," Stephanie Enright says that the government's interest in promoting annuities has sparked an increased interest from investors.  Annuities are most often issued by insurance companies and grow over time with the expectation that you can receive lifetime income payments in retirement.  Two reasons annuities are popular are that some have a long-term-care insurance rider,... Read More

U.S. Annuity Sector Now 'Stable'

A.M. Best Co. changed the U.S. life insurance and annuity sector rating to 'stable' from 'negative'.  This information comes from the Insurance and Financial Advisor article "A.M. Best upgrades life/annuity sector's outlook to 'stable'," by Bob Graham.  In A.M. Best Co.'s opinion, the industry has sufficient capitalization to operate and even deal with added stress.  After downgrading the industry's ratings in 2009 because of financial impairments in the insurance companies, they believe... Read More

Fixed Annuity Sales Boost Ratings

According to a company press release, Kansas City Life Insurance Company is stable and remains strong.  In "A.M. Best Affirms Ratings of Kansas City Life Insurance Company and Its Subsidiaries," their financial strength rating of A (Excellent) and their issuer credit rating of "a" were affirmed.  Kansas City Life Insurance Company's subsidiary, Sunset Life Insurance Company of America, also had its issuer credit rating of "a" affirmed.  The company's subsidiary Old American Insurance Company... Read More

Ohio National's Best Annuities Get An A+

Ohio National will keep its 'A+ Superior' rating from A.M. Best, according to an Ohio National Financial Services news release.  The rating is based on the strength of their balance sheet, their business profile, and their operating performance.  This is the second to highest rating on A.M. Best's 16-part scale.  Not only did Ohio National receive this 'A+ Superior' strength rating, but their rating outlook was upgraded to 'stable'.  In a review of the company's 2009 finances and... Read More

Nationwide's Best Annuities Help Affirm Ratings

In a press release from A.M. Best Company, they affirmed Nationwide's financial strength ratings of A+ and aa-.  In "A.M. Best Affirms Ratings of Nationwide Financial Services, Inc. and Its subsidiaries; Outlook Negative," the ratings are summarized.  Nationwide Financial Services, Inc., owned by Nationwide Mutual Insurance Company and Nationwide Mutual Fire Insurance Company, and its subsidiaries operate out of Columbus, Ohio.  Subsidiaries Nationwide Life Insurance Company and Nationwide... Read More

For Annuities: Choose Your Insurance Company Wisely

It is crucial to choose insurance companies wisely when purchasing annuities.  Your annuity is only as sound as the insurance company that is backing it up.  Sometimes it can be beneficial to split your money into annuities at different insurance companies for even more security.  Kathy Kristoff of the LA Times further explained in "Check out what's backing your life insurance policy". Variable annuities are usually managed by separate investment companies, so in the event of an insurance... Read More

Annuities Safe with Fidelity Insurance

Fidelity Investment Life Insurance Company and its subsidiary, Empire Fidelity Investments Life Insurance Company have maintained their A+ financial strength rating with A.M. Best.  This information is from a press release by A.M. Best.  The superior strength rating and good issuer credit ratings are great news and mean that the company has continued earnings growth over the past five years, through a tumultuous market. This is how A.M. Best says that Fidelity held strong in the... Read More

Annuity Sales Rise for Jackson Insurance

Jackson National Life Insurance Company has fixed annuities to thank for it's increasing sales in the first quarter of 2009.  While sales of their variable annuities were down compared to last year, sales of traditional fixed annuities almost doubled from the same period last year.  And their fixed index annuity sales increased by 83% from first quarter 2008 to first quarter 2009. Financial strength ratings for Jackson have ranged from good (Moody's) to superior (A.M. Best) and have been... Read More

A.M. Best Downgrades Nationwide Rating

A recent press release by A.M. Best announces that they have revised their rating of Nationwide Financial Services to negative. Nationwide's rating had been stable. A.M. Best says that the downgrade are is largely due to the fact that the firm's financial performance is heavily based on the equity markets. Its products include variable annuities and variable life insurance, the former of which has been hit severely by the stock market's fall. Nationwide's line of variable annuities is... Read More

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