Jackson National Life Insurance Company has fixed annuities to thank for it’s increasing sales in the first quarter of 2009. While sales of their variable annuities were down compared to last year, sales of traditional fixed annuities almost doubled from the same period last year. …
Limra International says that fixed annuity sales increased by 79% in the fourth quarter of 2008, according to the Wall Street Journal’s Leslie Scism. The jump is credited to olders individuals fearing that the current market turmoil will torpedo their retirement funds. Fixed annuities are considered …
The Retirement Income Reporter recently reported on annuity provider Lincoln National receiving $300 million in regulatory tax relief from the state of Indiana. The Indiana Department of Insurance is allowing the life insurance company to use a certain accounting practice with deferred tax assets that …
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 …
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