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Q4 Fixed Annuity Sales Up 79%

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 …

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A.M. Best Downgrades Nationwide Rating

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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Variable & Fixed Annuities: Good Recession Investment

The incoming Obama administration will likely increase taxes on individuals in higher tax brackets.  Gail Liberman from the Palm Beach Daily News suggests that annuities are a very good option for these investors in the current economic climate. Tax-deferred fixed annuities and variable annuities are …

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