Kansas-Based Company Security Benefit Named NASBE’s 2017 ‘Friend of Education’
{September 1st, 2017} by Michael Spaeth
For Immediate Release: August 30, 2017 Contact: Michael Spaeth, michael.spaeth@nasbe.org, 703-684-4002 Kansas-Based Company Security Benefit Named NASBE’s 2017 ‘Friend of Education’ Alexandria, Va.—The 125-year-old Kansas-based Security Benefit Life Insurance Company is being honored this year as the 2017 “Friend of Education” of the National Association of State Boards of Education (NASBE). This national award is […]
Transamerica has Laid Off 20-Plus VA Wholesalers: Report
{September 1st, 2017} by Greg Shulas
This updated article first ran Thursday morning as a breaking news alert in Life Annuity Specialist. Transamerica has laid off 20-plus wholesalers who support variable annuity distribution, the retail fund industry trade publication Ignites reported Thursday, citing industry sources. In a statement to Ignites, Transamerica said it made adjustments “to better align our resources and enhance efficiency within the […]
DOL Set for 15-Day Comment Period on Fiduciary Rule Delay
{September 1st, 2017} by Melanie Waddell
The Department of Labor plans to file in the Federal Register on Thursday a 15-day comment period for its proposed 18-month delay to the more onerous provisions of its fiduciary rule — and states that it plans to propose a new, more streamlined exemption built on “recent innovations” in the financial services industry. The Office of Management and Budget […]
Eagle Life Announces New No-Commission Fixed Index Annuity
{September 1st, 2017} by Eagle Life
August 30, 2017 04:17 PM Eastern Daylight Time WEST DES MOINES, Iowa–(BUSINESS WIRE)–Eagle Life Insurance Company, a subsidiary of a leading fixed index annuity (FIA) provider—American Equity Investment Life Insurance Company®, announced today the addition of a no-commission fixed index annuity product to their portfolio. The Eagle Advisory 8 provides principal protection with guaranteed income […]
RIAs, Manufacturers Find Middle Ground on Fee-Based Indexed Annuities
{September 1st, 2017} by Cyril Tuohy
In a fee-based world, independent agents want to know – above all else – why fixed indexed annuities come with surrender charges and how they are going to get paid. Manufacturers are working with agents/advisors and providing answers as both camps make the rapid transition to a fee-based world. Consider a new fee-based product developed […]
Structured VA Sales Rise 36 Percent in 2Q
{September 1st, 2017} by Cyril Tuohy
Structured variable annuity sales in the second quarter rose 36 percent to $1.8 billion compared with the year-ago period. The product subcategory now accounts for 7 percent of the variable annuity market, a market expert said. “You have subsets of products doing well out there,” said Todd Giesing, director, Annuity Research, with LIMRA Secure Retirement […]
SECOND QUARTER 2017 LIFE INSURANCE SALES
{September 1st, 2017} by Sheryl J. Moore
Indexed Life Sales for the second quarter of 2017 were $485 million, compared with sales of $441 million for the second quarter of 2016. Second quarter indexed life sales were up more than 11% when compared with the previous quarter, and up nearly 10% as compared to the same period last year. Total 2Q2017 […]
Life Insurers Ramp Up Hiring Activity, with Focus on Marketing
{September 1st, 2017} by Jay Cooper
Hiring activity is picking up in the life insurance industry, and there is no greater hot spot than the sales and marketing department, a new study from insurance recruiting firm The Jacobson Group shows. An increased focus on the digital experience and direct-to-consumer life insurance offerings are large drivers of the hiring influx within sales and marketing […]
