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Cover Stories

“Face-Off” at the IRI Marketing Conference

by Kerry Pechter

“Face-Off” at the IRI Marketing Conference

Thu, Feb 25, 2010

Annuity manufacturers and distributors went eyeball-to-eyeball at the Insured Retirement Institute's marketing conference in New York this week, where medical economist J.D. Kleinke (pictured here) was a featured speaker. Photo by IRI.

In League with the Angel of Death

by Kerry Pechter

In League with the Angel of Death

Wed, Feb 17, 2010

Lawsuits filed in Rhode Island, New York and Illinois shed light on the sinister, multi-million-dollar strategy of using the dying as fronts to exploit variable annuity loopholes.

Easing a Widow’s Hardship

by Kerry Pechter

Easing a Widow’s Hardship

Wed, Feb 10, 2010

What's the best way for a 62-year-old man to say “I love you” to his wife? By waiting to claim Social Security benefits until he reaches full retirement age or later. Here's our third article in a series on retirement risks.

In Search of Plan C

by Kerry Pechter

In Search of Plan C

Wed, Feb 03, 2010

“We have a crisis of confidence regarding retirement,” said assistant Secretary of Labor Phyllis C. Borzi at the NIRS conference in Washington, D.C. Tuesday.

News

FINRA Has “Disastrous Record”: Watchdog Group

Thu, Feb 25, 2010

FINRA and other SROs have “an incestuous relationship with the industry they are tasked with regulating," according to the Project on Government Oversight.

Don’t Tax High-Earners’ Annuity Income, Says ACLI

Thu, Feb 25, 2010

It's counter-productive to finance Medicare at our customers' expense, life insurance lobby tells Obama.

Variable Annuity Sales Fall 18% in 2009

Thu, Feb 25, 2010

“The last time VA sales were at this level was in 2003, at the end of the last financial crisis,” said LIMRA's research director.

White House Tweaks Senate Health Care Bill

Wed, Feb 24, 2010

Obama wants to close the Medicare prescription drug 'donut hole' and regulate 'unreasonable' health insurance premium hikes.

Prudential Financial Reports Turnaround in 2009

Wed, Feb 24, 2010

Individual annuity gross sales for the fourth quarter were $4.8 billion, up from $2.2 billion a year ago.

Fixed Annuity Sales Fall Overall in 2009

Tue, Feb 23, 2010

Total fixed annuity sales were $105.1 billion in 2009, just 2% less than the record high in 2008.

Brokers Are More Than “Blackjack Dealers,” PA Regulators Say

Wed, Feb 24, 2010

“What's at stake here is consumer and investor confidence,” the commissioners wrote to Sens. Arlen Specter and Bob Casey Jr.

Record Sales for Indexed Annuities in 2009

Wed, Feb 24, 2010

Allianz Life was the top-selling carrier in the quarter and for 2009, and its MasterDex X was the top-selling IA for the third quarter in a row.

401(k) Balances Bounced Back in 2009: Fidelity

Wed, Feb 24, 2010

A combination of S&P 500 growth and new contributions helped raise average Fidelity 401(k) balances 28% in 2009.

In UK, BMW Is “Ultimate Pension Machine”

Wed, Feb 24, 2010

The BMW pension plan adds to the still-new use of longevity swaps to control risk.