In the annuity industry, it’s extremely important to keep up with the latest and greatest as the market is continuously changing. Here’s a look at a few of the new annuity products available, as reported in the article, “3 Annuities to Watch: Sammons, Athene, Manulife,” …
After severe fourth-quarter losses, annuity provider Lincoln National has decided to enter a reinsurance agreement with Commonwealth Annuity and Life Insurance Co. The Wall Street Journal’s Kerry E. Grace writes that the plan will result in capital relief of around $240 million. Details of the …
This week, both State Farm and the National Life Group announced that they will stop selling Phoenix Companies annuities. Diane Levick writes in the Hartford Courant that those firms, which combined made up 82% of Phoenix’s 2008 annuity sales, have made this decision because of Phoenix’s recent ratings downgrade …
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