There is an ongoing debate in the financial services industry about the usefulness of variable annuities and the purpose they serve in an individual's financial portfolio. Many feel that variable annuities are not suitable for the majority of investors, especially since the financial benefits are often eroded by fees and penalties. However, some added features may make a variable annuity suitable for certain investors, depending on the investor's financial profile and retirement horizon. In this article,
* Hartford looks to sell more fixed annuities in Japan * Has put on hold plans to enter Japan mutual fund business * Not thinking of buying AIG's two Japan units (Adds comments on mutual...
WASHINGTON, Dec 17 - Types of annuities linked to equity indexes will be scrutinized and regulated by federal securities regulators under a rule adopted by the U.S. Securities and Exchange Commission on Wednesday. The SEC...
NEW YORK, Sept 1 - Argus Group Holdings Ltd and Tremont International Insurance Ltd have reached a settlement with buyers and holders of life insurance and annuity policies lost in the Bernard Madoff fraud, according...
* Hartford core earnings top Wall Street view * Helped by $360 mln gain related to retirement annuities * Fourth straight quarterly loss * Narrows 2009 outlook range * Shares rise 3 percent after-hours (Recasts...
* Hartford core earnings top Wall Street view * Helped by $360 mln gain related to retirement annuities * Fourth straight quarterly loss * Narrows 2009 outlook range * Shares rise 3 percent after-hours (Recasts...
Assicurazioni Generali SpA, Europe's third-largest insurer in terms of market capitalization, has inked an agreement to buy a 30% stake in China's Guotai Asset Management Co (Guotai AMC) for EUR 100 million to tap the emerging corporate annuity market in China, said the Italian insurer in a statement on Monday....
SINGAPORE, Jan 8 - Singapore plans to compel firms to offer re-employment to staff when they reach retirement age and introduce an annuity to help it cope with a rapidly ageing population, Prime Minister Lee...
Grantor Retained Annuity Trusts With these trusts, heirs won't receive quite as much as they would with an IDGT. But grantor retained annuity trusts, or GRATs, are also less risky, in part because you can...
WASHINGTON --The Treasury Department clarified Tuesday that participation in a new government guarantee program for money-market funds won't cause negative tax consequences for variable annuity and variable life insurance contracts that have invested ...