Annuities

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Northwestern Mutual To Pay $84M To Settle Annuities Lawsuit

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Northwestern Mutual Life Insurance Co agreed to pay $84 million to settle claims it illegally reduced potential payouts on annuities it sold at least 30 years ago.

JPMorgan Joins Goldman As Indexed Annuities Boom Lures Banks

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But the rising popularity of these vehicles caused one regulator to caution that some marketing materials may inflate investor expectations.

Sales Of Nursing Home Annuities Soar

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Money that would have gone to a nursing home can be used to purchase an annuity that provides an income stream for the spouse remaining at home.

Paying For Gene Therapy: Are Annuities The Next Big Thing?

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With growing resistance to the high price of cutting-edge treatments, some companies are working on a new payment model that rewards them for the long-term performance of their medicines.

Liam McGee, CEO Who Led Hartford Through Bailout, Dies At 60

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He sold stock and debt to help the insurance company repay its $3.4 billion bailout, and retreated from life insurance and variable annuities.

Most People Want Lifetime Income, But Don’t Know How To Make It Happen

by FA Staff

Eighty-four percent of adults polled in a new TIAA-CREF survey want a guaranteed income stream in retirement, yet only 14 percent have purchased an annuity.

Prudential Loss Widens On Restructuring Costs, Reserves

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Prudential Financial posted a fourth-quarter loss of $1.46 billion on costs tied to restructuring, currency fluctuations and reserves.

Golden Years May Be A Bust For Millions Of Retirees, Report Warns

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After excluding households that had saved nothing, the median account balance of people 55 to 64 was $104,000, says a report by the Center for American Progress.

A Worry-Free Retirement

by Roy Diliberto

Advisors should consider new strategies for clients who needlessly worry about running out of money.

Trade Group Wants Annuity Tax Deferrals Maintained

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The Insured Retirement Institute, the largest annuity trade group, on Tuesday laid out its 2015 “wish list” for Congress and federal agencies.

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