Life Insurance

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Jackson National to reintroduce fee-based annuities in New York

Jackson National to reintroduce fee-based annuities in New York

September 16, 2019

The No. 2 seller of annuity products was reassured by new guidance issued by New York regulators.

Lincoln, other insurers likely to backtrack on New York annuity pullback

Lincoln, other insurers likely to backtrack on New York annuity pullback

September 12, 2019

New York regulators issued new guidance that puts the industry at ease.

The SEC botched title reform. New York got it right

The SEC botched title reform. New York got it right

September 11, 2019

The SEC backed off a promising provision in its proposed rule, while New York takes on use of misleading titles in no uncertain terms.

Lincoln, Penn Mutual pull insurance products from New York in wake of best-interest rule

Lincoln, Penn Mutual pull insurance products from New York in wake of best-interest rule

September 6, 2019

The departures follow the news that Jackson National halted sales of some products in the state.

Jackson National suspends fee-based annuity sales in New York due to best-interest rule

Jackson National suspends fee-based annuity sales in New York due to best-interest rule

September 3, 2019

Others insurers are also poised to pull out of the New York market given the tougher sales standards.

Variable, indexed annuities may cost more than you think

Variable, indexed annuities may cost more than you think

August 29, 2019

This detail could catch clients off guard when they surrender or exchange a policy.

States aren’t great at regulating insurance

States aren’t great at regulating insurance

August 28, 2019

Promoters of insurance products can say pretty much anything in their marketing materials.

Genworth, GE and Unum need to shore up long-term care business: report

Genworth, GE and Unum need to shore up long-term care business: report

August 20, 2019

Some financial advisers are wary of the possibility insurers will sell long-term-care blocks to private-equity firms or hedge funds.

SEC draws ire with indexed annuity misstep

SEC draws ire with indexed annuity misstep

August 16, 2019

The regulator issued an investor bulletin about indexed annuities that instead described a different product — a buffer annuity.

Warning about insurance reserves at GE is relevant to all U.S. life insurers

Warning about insurance reserves at GE is relevant to all U.S. life insurers

August 16, 2019

Markopolos cited the effect of new standards for how companies account for long-term care policies.

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