Retirement

New York Life Reports Record Sales of Fixed Immediate Annuities

New York Life Insurance Company reported record sales of fixed immediate annuity products for the third quarter of 2010. The nation's largest mutual life insurer reported $1.3 billion in fixed immediate annuity sales--an increase of 4 percent over the same period last year. According to EVP for Retirement Income Security Chris Blunt: “We’re on pace to achieve a seventh consecutive year of record sales of lifetime income annuities. Americans are more actively taking personal...

Glossary:

Annuity

Fixed Immediate Annuity

Key Phrases:

Read more about New York Life Reports Record Sales of Fixed Immediate Annuities
Log in to post comments

Key Phrases:

Glossary:

Fixed Immediate Annuity

Key Phrases:

ING Preparing for IPO of U.S. Insurance Business

The Dutch financial services company ING Groep is preparing for an initial public offering (IPO) of its U.S. based insurance business. The company agreed to split its banking and insurance businesses when it gained approval from the European Commission to receive government funds during the financial crisis. ING has spent considerable time and resources addressing issues related to its U.S. variable annuity business, and the company feels that these efforts are almost complete with the business...

Companies:

Key Phrases:

Glossary:

Read more about ING Preparing for IPO of U.S. Insurance Business
Log in to post comments

Key Phrases:

Glossary:

Key Phrases:

Companies:

What to Make of MetLife's Exit from the Long Term Care Market

MetLife’s recent decision to exit the U.S. long-term care market can be seen as a relatively minor decision by the largest U.S. life insurance company to pull-out of a small, slow-growth market and forgo what is a very small part of their overall business.

Companies:

Key Phrases Autotag:

Glossary:

Read more about What to Make of MetLife's Exit from the Long Term Care Market
tom's blog
Log in to post comments

Key Phrases:

Glossary:

Key Phrases Autotag:

Companies:

Study Shows the Impact of Annuities on Retirement Security

The Center for Retirement Research at Boston College recently published a research brief that analyzes the impact of annuitization on retirement security .

Glossary:

Key Phrases:

Read more about Study Shows the Impact of Annuities on Retirement Security
Log in to post comments

Key Phrases:

Glossary:

Key Phrases:

Veritat Offers Comprehensive, Fee-Only Financial Planning Services that are Affordable and Scalable

Veritat is a start-up seeking to leverage process and technology innovation to scale a business model that is typically saddled with persistent and burdensome variable costs. If successful, Veritat will be able to deliver premium services to a mass audience.

As a registered investment advisor (RIA) that adheres to the fiduciary standard, Veritat provides comprehensive financial planning services through financial advisors who are employed by the company and share a common sense of mission.

We spoke with Dr. Kent Smetters who is the President of Veritat and a professor at the Wharton School at the University of Pennsylvania.

Annuity Digest: How did Veritat come into existence?

Dr. Kent Smetters:...

Companies:

Key Phrases Autotag: