Our series of real world scenarios continues. A bank executive talked my 90-year-old mother-in-law into purchasing an annuity to increase her yield from a CD. Is this a mistake (considering her advanced age), or was it a good move to avoid probate in the case …
Moody’s Investors Service likes that Western & Southern Financial Group Inc.’s Varoom variable annuity offers investment options based on exchange-traded funds. According to Investment News’ Darla Mercado, Moody’s sees a hedging benefit for Western & Southern by using this basis and views it as a …
Following in the footsteps of LV= and Living Time, Aviva and Just Retirement are introducing their own fixed-term annuity products this year. This is according to Tom Selby’s article”Fixed-term annuity launches for Aviva and Just Retirement” in Money Marketing. Aviva hopes to release their product …
LIMRA recently gathered data about immediate annuity products, according to the Insurance Networking News article “Immediate Annuities Are Big-Ticket Items” by Howard J. Stock. While immediate annuities are certainly not the largest annuity product in terms of sales, they accounted for $7.5 billion in 2009. …
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