According to a recent article from InsuranceNewsNet, inquiries about life-only guarantees on income annuities jumped to 26% compared to the previous year, at 22.4%. This is the third year in a row that significant increases in these inquiries were observed. Experts believe this is a …
Fourth quarter numbers are in, and executives at Lincoln Financial are attributing strong annuity sales gains to efforts in improving annuity products and annuity distribution. According to a recent article from ThinkAdvisor, the company reported a 57% increase in fixed annuity sales, 54% increase for …
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 …
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