A recent press release by A.M. Best announces that they have revised their rating of Nationwide Financial Services to negative. Nationwide’s rating had been stable. A.M. Best says that the downgrade are is largely due to the fact that the firm’s financial performance is heavily …
The Retirement Income Reporter recently published an article highlighting New York Life Insurance Company’s selling a total of $1.2 billion of income annuities during 2008. About $850 million was sold through New York Life’s own career agency. Over $100 million worth of AARP Lifetime Income …
Walter Updegrave, editor of Money magazine, recently wrote about the conventional wisdom of annuities being a safer investment and wondered if that is still true today. He believes that an annuity continues to be a good option, but that you need to keep several guidelines …
Kimberly Lankford from Kiplinger’s has some advice for people who are considering cashing out their variable annuities that have lost money over the past few years: don’t, especially if your variable annuity has an income guarantee. When you cash out a variable annuity with a …
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