The estimated increase in the COLA would be the largest since 1983.
Alexis Cooke, who was subsequently fired by NY Life, agreed to a lifetime ban after lying about the violations, the regulator said.
The annuities market has bounced back strongly after being racked by the pandemic last year.
The rebound was due to strong equity market gains, lower volatility and rising interest rates, SRI reported.
The amount depends on a number of factors, including how you bought the product and when.
It's unclear how long it will take for life expectancy to rebound.
The industry is looking for annuities to rebound after a tough year.
SRI said sales were driven by products providing principal protection and investment growth.
Technological evolution has been slow to come to the insurance and annuity sector.
Proposed guidance on annuity sales overlooks compensation conflicts, according to consumer advocate Barbara Roper.
The state could appeal a court rejection of its best-interest annuity rule.
Insurance agents and advisors in New York won a lawsuit to overturn the state's best interest sales standard.
DPL Financial Partners will use the money for technology and infrastructure.
SRI said many investors are shying away from annuities because of low interest rates and market uncertainty.
The regulation requires advisors to “act in the best interest of the consumer when recommending or selling an annuity.”
The SS&C Advent Insurance Marketplace offers RIAs access to fee-only insurance products.
Signal Advisors brings a very different look to insurance-based independent marketing organizations.
The Detroit-based firm combines insuretech with an independent marketing organization.
But RILAs are expected to continue to grow as consumers seek protection, safety and growth.
LifePath Paycheck will use annuities in target-date strategies for retirement plan participants.