Prudential Financial Inc. and Jackson National Life Insurance Company have seen a large increase in their variable annuity sales through banks. Prudential has seen the majority of their overall growth come from new channels of distribution, rather than their past sales channels. Their second quarter …
Variable annuity sales increased from the 1st quarter of 2009 to the first quarter of 2010, according to Insurance News Net’s “US Sales of Variable Annuities See First Year-Over-Year Gain in Two Years.” With $31.4 billion in total sales, variable annuities increased 3% from the …
In “Sidestepping Skepticism, Prudential Scores with Variable Annuities,” Matt Ackerman of Bank Investment Consultant describes how consumers’ opinions of variable annuities are changing. While many people thought variable annuities were “too expensive or too complicated”, they seem to realize the great potential of these annuity …
In the Financial Times article “More providers offer post code annuities,” Josephine Cumbo describes the process of determining annuity rates based on Canadian post codes. Insurance providers offer better annuity pricing to those living in less affluent areas going on the assumption that they will …
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