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Archive | March 7, 2013

Aviva USA operating profit up 13 percent

Aviva USA ended 2012 in a “very strong financial position” despite a year  marked by uncertainty surrounding its sale, President and CEO Chris Littlefield  said this morning.   The West Des Moines-based life insurance and annuity company, which after  months of speculation announced in December it would be sold to Athene Holding  Ltd., reported record  Full Article…

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The Annuity Battle

I just read another article on the conflict people see in annuities.  As I read this article, the “experts” being quoted seem to have no idea how easy these products are to understand.  Why can’t folks see that the guarantee of no loss is there, the income for life or as they say “steady check  Full Article…

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Mobile Apps Cutting Cost in the Insurance and Financial Services Industry

Mobile Apps are quickly taking over various industries, the insurance and Financial Services included.  Anton Troianovski at The Wall Street Journal explores a few examples relative to our world:           The smartphone camera is what allows auto-insurance companies to create apps that let policyholders report their own claims. When photos of  Full Article…

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5 Tips on Meeting Retirement Challenge for Advisor’s

According to a survey by Deloitte’s Center for Financial Services (Deloitte), close to 40% of 4,500 consumers surveyed said they do not know anything about annuities or understand how they work.  The survey suggests that these findings attest to the inability of the industry to convey not only the operational mechanics of the products, but  Full Article…

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Forethought ForeRetirement Variable Annuity

Forethought, founded in 1985, is a diversified financial services company that has provided numerous types of insurance to families all over the United States.  Forethought Financial Group made waves last year with a surprising buyout of Hartford‘s annuity division.  Even more recently is their announcement to launch their first ever variable annuity which they have  Full Article…

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New ING Lifetime Income Annuity

ING USA introduced a new Indexed “Longevity” Annuity called the Lifetime Income Annuity.  A “Longevity” annuity is one that offers a guaranteed income benefit that once elected gives the policy holder a monthly income that they and/or their spouse cannot outlive.   Traditional annuities with guaranteed lifetime income riders or withdrawal benefits (GLIR, GWB) have  Full Article…

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