Chinese State TV Shows Insurance Tycoon Admitting Guilt
{April 1st, 2018} by Associated Press
BEIJING (AP) — State TV has shown the founder of the Chinese insurance company that owns New York City’s Waldorf Hotel admitting his guilt at a trial on charges he fraudulently raised $10 billion from investors. Wu Xiaohui, former chairman of Anbang Insurance Group, also is accused of improperly diverting money to his own use. […]
This Life Insurer Harnesssed the Power of the Selfie
{April 1st, 2018} by Allison Bell
Legal & General America, a top player in the U.S. term life market, has found a secret passage into U.S. consumers’ wallets: selfies. The Frederick, Maryland-based arm of Legal & General PLC set up the SelfieQuote.com website last summer. The site invites consumers to get a life insurance quote by submitting a self portrait. Click HERE to […]
Boomer Interest In Annuities Is Surging As Pensions Disappear
{April 1st, 2018} by Karen Demasters
As defined benefit pension plans continue to disappear, more people are seeing the importance of products, such as annuities, that provide a guaranteed source of retirement income for life, a new study shows. In just one year, the percentage of people who consider an annuity a highly valuable addition to Social Security has grown from […]
Have variable annuities sales hit rock bottom?
{April 1st, 2018} by Greg Iacurci
Sales of variable annuities are in the tank. Product sales have slid for the past six consecutive years, and 2017 sales (roughly $96 billion) were the lowest in two decades. Click HERE to read the full story via InvestmentNews; registration required.
