There will be a big shake-up at Genworth Financial in about 2 weeks. As of March 7, they will stop selling their popular fixed annuities and life insurance products. This information comes from the Insurance News Net article, “Genworth Stops Life, Annuity Sales, May Split” …
As MetLife scales back on their variable annuities, other companies are picking up the market share. According to Bloomberg Business News’ “Prudential Joins AIG Taking Annuities Share From MetLife,” Zachary Tracer says that Prudential and AIG are the main companies who have capitalized on MetLife’s …
Indexed annuities have been growing at a much faster rate than variable annuities and fixed annuities in the past 5-10 years. The Life Health Pro article, “New players enter indexed annuity space” by Maria Wood, says that the compound annual growth rate for indexed annuities …
While demand for variable annuities is still very high, many insurers are stepping back from them quite a bit. According to Investment News’s Darla Mercado in the article “VA carriers hunkering down,” life insurers have had a hard time hedging their variable annuities with living …
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