S&P

Evaluate Annuity Riders Before Adding Them

You have a lot of options to choose from when it comes to annuities.  Some of the simplest annuities don't have riders attached and are fairly inexpensive.  The more riders that you add to your annuity product, the more you will pay.  When purchasing an annuity, you have to weigh the benefits with the costs for each particular product.  In "Annuity Riders May Have Benefits, Extra Costs" by Chas. P. Smith of The Ledger, the pros and cons of adding these riders are discussed.  Annuity riders... Read More

Know the Details of Your Variable Annuity

In CNBC's article "4 things you really need to know about your variable annuity," Elizabeth MacBride offers important information about variable annuity products.  Sometimes this type of annuity gets a bad rap, but for the right person variable annuities offer great benefits.  The amount of money invested in variable annuities has grown to $1.7 trillion.  Variable annuities are like mutual funds that are issued through an insurance company.  You take advantage of tax-deferral during the... Read More

Ohio National’s Variable Annuity Sales Up 8.5%

Even though the financial markets and economy had a volatile year, Ohio National had a record year for their earnings, capital growth, and sales.  Their industry was quite challenged this past year with low interest rates and volatile equity markets, but they maintained their strong capital position and excellent ratings.With variable annuity sales of $1.6 billion in 2011, Ohio National increased their total by 8.5% over 2010.  Last year they focused on protection and guarantees, and in... Read More

Restored Interest in Variable Annuities

According to California's Daily Breeze article "MONEYWISE: Looking into the renewed interest in investing in annuities," Stephanie Enright says that the government's interest in promoting annuities has sparked an increased interest from investors.  Annuities are most often issued by insurance companies and grow over time with the expectation that you can receive lifetime income payments in retirement.  Two reasons annuities are popular are that some have a long-term-care insurance rider,... Read More

Fixed Indexed Annuities Battle Over

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 to get indexed annuities classified as securities so they would be put under the SEC's jurisdiction.  According to National Underwriter's "Rater: Indexed Annuity Ruling Will Stick," Standard & Poor's Ratings Services... Read More

Variable Annuities at a Seventeen Year High

Variable annuity assets increased by the largest margin in 17 years in the second quarter of 2009, according to Andrew Frye of Bloomberg.com.  His article "Variable Annuity Assets Advance Most in 17 Years," lists the main reasons as a stock market rise and an increase in the amount that savers are investing.  The total variable annuity assets reached $1.19 trillion to end the second quarter.  This was a big help to the largest two life insurers, MetLife Inc. and Prudential Financial Inc.  A... Read More

Annuities Hold Strong for Allianz Life

The Allianz Life Insurance Company of North America has been selling annuities, life and long-term care insurance since its inception in 1896, according to company press release "Allianz Life Ratings Reaffirmed and Record Earnings Reported."  Allianz Life is based in Minneapolis; their parent company is Allianz SE, a global financial services group.  Both their Moody's and Standard & Poor's ratings were reaffirmed this year.  Moody's rates Allianz Life A2 (Good) and their S & P... Read More

How Valuable are Annuity Ratings?

It looks like there are some questionable practices going on with the financial strength rating institutions, according to "CalPERS Gives Rating Agencies an FFF" by Kerry Pechter in the Retirement Income Journal. Investors and advisers alike have historically put a lot of faith in the ratings from Fitch, Standard & Poor's, and Moody's.  The companies rate the financial strength of annuities, bonds, and bond funds through a letter value system.  Unfortunately, a lawsuit filed by... Read More

For Annuities: Choose Your Insurance Company Wisely

It is crucial to choose insurance companies wisely when purchasing annuities.  Your annuity is only as sound as the insurance company that is backing it up.  Sometimes it can be beneficial to split your money into annuities at different insurance companies for even more security.  Kathy Kristoff of the LA Times further explained in "Check out what's backing your life insurance policy".Variable annuities are usually managed by separate investment companies, so in the event of an insurance... Read More

Annuity Sales Soar for Western-Southern

Standard & Poor's gives Western & Southern Financial an AA+ rating, putting it in the top 10 life insurance companies, according to The Business Courier of Cincinnati, Ohio.  Western-Southern is on track to set a record for their increasing annuity sales this year.  If their first quarter fixed and variable annuity sales keep stride, they will have an increase of 26% from 2008.  And 2008's sales were up 59% from 2007, so another large increase is fantastic.  Their CEO John Barrett... Read More

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