Every spring insurance companies release variable annuity product updates and introduce new products to the market. The filings made with the Securities and Exchange Commission give us a preview of what’s to come in the variable annuity market. This year was a slow spring for …
According to the Retirement Income Reporter, Vanguard is planning to launch a new variable annuity that features a guaranteed lifetime withdrawal benefit. The firm has filed an application with the Security and Exchange Commission for their approval. The GLWB rider is expected to have a …
In the National Underwriter, Arthur D. Postal writes that the National Association of Insurance Commissioners (NAIC) and the National Conference of Insurance Legislators (NCOIL) have jumped into the fray regarding Rule 151A. The rule was enacted by the Security and Exchange Commission (SEC) last December; …
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