Nationwide will purchase Jefferson National, citing the DOL's fiduciary rule as a reason.
LTC coverage is expensive, opaque and limited, but as the population ages, many advisors say it's a necessity.
One observer says the perfect storm is underway for variable annuity sales.
A spinoff of the life insurance and VA business might be more advantageous than an IPO, an analyst says.
Lenox Advisors bucked the trend with higher VA sales this year when sales of the products overall were down.
Companies are changing variable annuities so they are more appealing to more people.
Variable annuity sales are expected to undergo dramatic changes as a result of the new DOL rule.
Brexit and its potential impact on interest rates has made retirement income more expensive, the company says.
Former Prudential broker Winston Wade Turner has been barred for deceiving clients around the sale of variable annuities.
According to the IRI, annuities are as popular as ever, even as the industry sours on variable annuities.
Despite possible benefits, Finra advises close scrutiny before making a change.
Variable annuities will be profoundly changed by the Department of Labor's fiduciary rule, but will likely survive.
Fee-based variable annuities are small change, but they could grow amid the DOL's rulemaking.
While overall annuity sales increased, variable annuity sales have plummeted so far in 2016, according to LIMRA.
Broker-dealers have an escape clause from the DOL's fiduciary rule—the best interest contract exemption.
Members of the Committee for the Fiduciary Standard said new rules shouldn't change business models.
Retirement plan experts discuss the implications of the DOL’s new fiduciary rule.
The rule will require more disclosure about recruitment and retention money.
Penn Mutual executive uses TV's 'Modern Family' to counsel clients and advisors.
The DOL retirement plan rule, expected any day, is likely to usher in big changes in the annuity business.