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Florida Annuity Laws Changed to Protect Seniors

A new year brings new protections for annuities consumers in Florida, says the Tampa Bay Business Journal. With a massive senior citizen population, the state has been targeted by unscrupulous agents and other individuals that recommended innapropriate financial products to seniors, such as reverse mortgages …

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AP: Insurance Indices Declined in 2008

Ieva M. Agustums from the Associated Press recently reported on the insurance industry’s hard year, exhibited by several important indices. The Dow Jones U.S. insurance index decreased 51% over 2008. Another index that includes 24 national insurance companies, the KBW Insurance Index, is down almost …

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2009 Variable Annuity Outlook from NAVA

NAVA (the Association for Retirement Solutions) has released its annual predictions for the variable annuity industry. President and CEO Cathy Weatherford predicts that demand for VA insurance guarantees–such as guaranteed lifetime income benefits, beneficiary protection, and VA living benefit guarantees–will keep growing, even in these …

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NAVA: Variable Annuities Slump in Third Quarter

The Association for Insured Retirement Solutions, also known as NAVA, has released its latest data on the variable annuity industry. Their third quarter figures for show that variable annuities have taken a beating in the midst of economic uncertainty and troubled financial markets: Decreased value …

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