CNO: 2Q Results Reveal Booming Annuity Sales

August 9, 2017 by Cyril Tuohy

CNO Financial Group’s fixed indexed annuity (FIA) with a lifetime income rider has squarely hit its mark with middle-market consumers — helping CNO deliver better-than-expected second quarter results, the company reported.

CNO’s success with its single-premium Guaranteed Lifetime Income Annuity is also likely to blaze a new product trail around income protection and longevity for the company, Gary C. Bhojwani, CNO president, told analysts in a call.

“We have plans to continue to develop products that go after that particular need,” Bhojwani said. “So I would expect to see continued growth there.”

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Originally Posted at InsuranceNewsNet on August 8, 2017 by Cyril Tuohy.