Pacific Life Raises Fees on Foundation 10 Variable Annuity
Due to the increased costs of hedging risk during a market downturn, Pacific Life has increased the fee of a popular annuity product. A new article from Janet Paskin of…
First Immediate Annuity from Securian
According to The Retirement Reporter, Securian Financial Group has begun to offer its inagural single premium immediate annuity (SPIA). The product is called IncomeToday! After paying an initial $25,000 premium, IncomeToday!…
ING Annuities & Retirement Units Split
ING Group is reorganizing its American wealth management business, says Darla Mercado of InvestmentNews. The Dutch firm is dividing its U.S. unit into separate divisions for annuities, retirement services, investments,…
Variable Annuity Sales Drop in Q3, Say Insurers
LIMRA, a trade group of insurers, has just released their quarterly report for the life insurance industry. In the third quarter results, variable annuity options took a significant hit amid…
