ING Group is reorganizing its American wealth management business, says Darla Mercado of InvestmentNews. The Dutch firm is dividing its U.S. unit into separate divisions for annuities, retirement services, investments, and insurance. ING’s largest businesses are its retirement and annuity units. Darla also reports that …
Nationwide has raised their 10-year fixed annuity rate to a historic 7%. Currently, this rate is 3.62% higher than the 10-year Treasury rate. Review our fixed annuities comparison page for more information.
MassMutual has announced that it will be suspending sales of its Guaranteed Income Plus 6 rider on December 2, 2008. Features include… -Guaranteed 6% annual compounding rate -Immediate withdrawals -Annual re-set Visit our GMIB page to learn more about the Guaranteed Income Plus 6.
Brett Arends of The Wallstreet Journal Online recently addressed concerns of AIG policyholders. Brett explains that there are three separate barriers protecting your retirement annuity, long term care, or other type of insurance policy. -AIG on Wall Street is an umbrella company, while the policy …
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