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.
Annuities can fill the gap to cover retirement spending needs, he said.
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.
The SECURE Act paved the way for annuities in 401(k)s. This bill would require them.
Proposed guidance on annuity sales overlooks compensation conflicts, according to consumer advocate Barbara Roper.
Different products provide various strategies for retirees.
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.
Jirele will succeed CEO Walter White after his retirement later in the year.
The offering will be available via San Francisco-based RetireOne’s fee-based annuity platform.
The product is part of a series being created for retirement and saving.
But registered index-linked annuities were an industry bright spot, according to the Secure Retirement Institute.
DPL Financial Partners will use the money for technology and infrastructure.
Should clients wait for higher interest rates before buying these products?