In Kiplinger’s Personal Finance magazine, Kimberly Lankford advised individuals with annuities or life insurance policies from AIG to sit tight. Despite the well-publicized struggles of its other divisions, the life insurance subsidiaries are mostly unaffected and currently have an A rating from A.M. Best (under …
Nationwide has had several of its companies’ annuity safety ratings downgraded by Fitch Ratings. Fitch puts the blame largely on the privatization of Nationwide Mutual Insurance Company’s (NMIC) life insurance operations, which resulted in decreased capital availability and flexibility. Investment losses in 2008 and predicted …
In the December issue of Fortune, Walter Updegrade soothes the concerns of some consumers worried about their annuity investments. Despite the struggling financial markets, so far no major life insurance company has gone under. Even AIG’s insurance subsidiaries have remained largely unscathed! State insurance departments …
Recently, results from a survey conducted by the AXA Equitable Life Insurance Company was were reported in a press release. The October 2008 study showed that consumers are becoming more conservative with their investments than they were just a few months earlier, in April. These …
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