In the December issue of Fortune, Walter Updegrade soothes the concerns of some consumers worried about their annuity investments. Despite the struggling financial markets, so far no major life insurance company has gone under. Even AIG’s insurance subsidiaries have remained largely unscathed! State insurance departments …
LIMRA, a trade group of insurers, has just released their quarterly report for the life insurance industry. In the third quarter results, variable annuity options took a significant hit amid the recent stock market confusion. According to their press release: Variable annuity sales are off …
The incoming Obama administration will likely increase taxes on individuals in higher tax brackets. Gail Liberman from the Palm Beach Daily News suggests that annuities are a very good option for these investors in the current economic climate. Tax-deferred fixed annuities and variable annuities are …
Nationwide has raised their 10-year fixed annuity rate to a historic 7%. Currently, this rate is 3.62% higher than the 10-year Treasury rate. Review our fixed annuities comparison page for more information.
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