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Prudential Plc, the largest U.K. insurer by market value, extended its lead in U.S. variable annuity sales at its Jackson National Life unit as rivals scaled back.
Lacking pensions, many Americans dislike annuities, but do they have a choice?
The Obama administration is trying to nudge employers to add a special type of annuity to their investment menus that addresses that risk. But here's the response they're likely to get: "Meh."
Many investors consider using annuities for retirement, but far fewer buy them or even know much about them, according to an industry survey.
Retirees with 401(k) plans and IRAs will have more flexibility to purchase annuities that don’t start paying out until age 80 or 85, under final rules from the U.S. Treasury Department.
In many cases, life insurance with long-term-care benefits makes sense.
The Insured Retirement Institute believes multistate licensing for insurance agents and brokers could become law despite Congressional gridlock.
Pension Benefit Guarantee Corp. Director Josh Gotbaum said Friday increased financial literacy can’t eliminate the retirement crisis.
Veteran annuity researcher Frank O’Connor has joined the association from Morningstar.
A majority of indexed annuities buyers opt for a guaranteed lifetime withdrawal benefit, Limra says.
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