Allianz Life Insurance Co. of North America, based in Minneapolis, is very happy with their second quarter premiums. While their operating profit decreased due to a difficult economic situation, premiums were higher than Allianz had anticipated. Sales of variable annuities were 44% higher than in …
It looks like the battle is over for fixed indexed annuities and other indexed annuity products. The U.S. Securities and Exchange Commission said they would have to reevaluate their information after the U.S. Court of Appeals vacated the SEC’s Rule 151A. The SEC had hoped …
A strong debate over who should oversee equity indexed annuity products has been going on since the SEC introduced Rule 151A in 2008. According to Investment News’ “Indexed-annuities amendment: Insurers yea, advisers nay” by Mark Schoeff Jr. and Darla Mercado, the debate between sides will …
The Los Angeles ABC affiliate’s Ric Romero just did a piece about why “Annuities are perfect for some investors.” The story describes a California woman whose husband died on Christmas Day, leaving her struggling with the thought of paying the bills without him. After seeking …
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