Total second quarter sales were $8.3 billion, down 0.1% from the same period last year. As compared to the previous quarter, sales were up over 22.8%. With CD rates at 1% and fixed annuities crediting a mere 3.65% on average, it is no wonder that this was the second-highest quarter in terms of indexed annuity sales. It is going to be another record year," said Sheryl J. Moore, President and CEO of AnnuitySpecs.com...
New Jersey insurance regulators concluded that Prudential Financial Inc. properly handled life-insurance benefits in the case of a soldier killed in Afghanistan in 2008, according to The Wall Street Journal...
Fixed annuity sales in the first half of this year slumped 37 percent compared to the first half of 2009, erasing the meteoric rise in sales amid the flight to safety during the recession, according to LIMRA data released today...
Despite the fact that most American families have less to fall back on financially than when the economic downturn began, ownership of individual life insurance has hit a 50-year low, according to a new LIMRA study...
One of the biggest losers in the halth care reform transition may be insurance agents, the people who help individuals and small businesses select health plans. Some question whether the profession will survive the change...
Two MetLife companion studies released found that experiencing a critical illness, such as cancer, a heart attack or stroke, can reduce a family’s income by more than $12,000 in the first year alone – even with medical coverage in place – primarily due to the inability to work...
