5 Clues About Indexed Annuities From CNO’s Earnings
May 8, 2023 by Allison Bell
CNO Financial hopes to continue to be a publicly traded U.S. company that provides attractive annuity guarantees — by setting up its own reinsurance company in Bermuda.
Executives from the Carmel, Indiana-based insurer talked about their strategy for staying in the non-variable annuity game Tuesday, during a conference call they held to go after first-quarter earnings with securities interest.
Click HERE to read the full story via ThinkAdvisor
Wink’s Moore on the Market: HOLY buckets!
You could knock me over with a feather.
Looks like CNO Financial Group (formerly Conseco) is going to enter “the Bermuda Triangle” of annuities.
The strategy of working with an asset management firm, and a reinsurer, in the pursuit of a competitive offering is used by a great many companies in the indexed annuity market.
Yet if my memory serves me correctly, this will only be the SECOND company to enter the Bermuda Triangle, while primarily distributing products through a CAREER agency model.
Interesting Gary C. Bhojwani…I see you. -sjm
