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‘AAA’ Rating for New York Life & Annuity

Fitch Ratings has re-affirmed its highest rating level to New York Life Insurance Company.  This information comes from Reuters’ “Fitch affirms New York Life’s IFS at ‘AAA’.”  The Insurer Financial Strength Rating of ‘AAA’ applies to both New York Life Insurance Company and New York …

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3 Year Fixed Annuity Term

***UPDATE: For a current list of some of the top fixed annuity rates avialable, visit Annuity FYI’s top picks.*** There is a new fixed annuity product from New York Life with only a three year term.  Annuity News Journal’s Christi Roberts introduced the product in …

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New York Life Separates Annuities & Insurance

The retirement income business and the broker-dealer unit have been combined by New York Life Insurance Co.  They just reorganized their company into two separate businesses.  Their insurance group will remain a separate entity from the other business of retirement income.  New York Life Investments, …

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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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