Are you interested in an Immediate Annuity? Annuity FYI has a new Immediate Annuity Calculator. This will allow you to get a quote by e-mail or phone, whichever you prefer. An Immediate Annuity allows an investor to receive payments right away, or at a date …
An article by Reuters’ Jonathan Stempel further emphasizes the importance of responsibility when selling variable annuities. The Financial Industry Regulatory Authority (FINRA) has fined Fifth Third Securities about $2 million (including $250,000 in restitution) for unsuitable sales of variable annuity products to the elderly, whom …
After severe fourth-quarter losses, annuity provider Lincoln National has decided to enter a reinsurance agreement with Commonwealth Annuity and Life Insurance Co. The Wall Street Journal’s Kerry E. Grace writes that the plan will result in capital relief of around $240 million. Details of the …
Despite a 15% drop in sales of variable annuities over the past year, Matt Ackermann from Financial-Planning.com reports that several insurers are actually increasing their prices! Some are even predicting that variable annuity prices may double in the near future. While it may not make …
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