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Fixed Annuities Updated For Longer Living

Deferred fixed annuity sales grew by close to 60% last year, according to an article by Janet Kidd Stewart in the Chicago Tribune.  It’s really no surprise as life expectancies continue to rise and many people’s life savings dwindle.  Northwestern Mutual Life Insurance Company actually …

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Annuity Firm Lincoln National Recieves Tax Relief in Indiana

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 …

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Annuity Providers: Shakeups at New York Life, Nationwide

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 Smart Money says that the Foundations 10 variable annuity, which had guaranteed an annual return …

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