Annuities | Jotup

Brighthouse Financial Introduces Enhancements to Its Flagship Shield® Level Annuities

Retrieved on:

Monday, August 2, 2021

Professional services, Insurance, Finance, Annuities, Finance, Money, Economy, Brighthouse Financial, BrightHouse, Life annuity, Bright House, Federal Employees Retirement System

Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) announced today new enhancements1 to Brighthouse Shield Level Annuities (Shield annuities).

Key Points:

Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) announced today new enhancements1 to Brighthouse Shield Level Annuities (Shield annuities).
A Brighthouse Shield Level Annuity is an index-linked product that offers clients the opportunity to grow their retirement assets while providing a level of protection during volatile markets all with no annual fees.3 Brighthouse Shield Level Select 6-Year Annuity and Brighthouse Shield Level Select Advisory Annuity, both part of the Shield annuity product suite, were recently named among Barrons 2021 Best Annuities, in the registered indexed-linked annuities category, marking the fourth time Shield annuities have been included in the annual ranking since 2017.
1 Brighthouse Shield Level Annuity enhancements are only available with Brighthouse Shield Level Select 6-Year Annuity, Brighthouse Shield Level Select 3-Year Annuity, and Brighthouse Shield Level Select Advisory Annuity.
Brighthouse Shield Level Select 6-Year Annuity, Brighthouse Shield Level Select 6-Year Annuity v.3, Brighthouse Shield Level Select 3-Year Annuity, Brighthouse Shield Level Select Advisory Annuity, Brighthouse Shield Level 10 Annuity, and Brighthouse Shield Level 10 Advisory Annuity, collectively referred to as Shield Level annuities or Shield annuities, are index-linked annuities issued by, and product guarantees are solely the responsibility of, Brighthouse Life Insurance Company, Charlotte, NC 28277, on Policy Form L-22494 (09/12)-AV and, for products issued in New York, by Brighthouse Life Insurance Company of NY, New York, NY 10017, on Policy Form ML-22494 (09/12) (Brighthouse Financial).

Midwest Holding Schedules Conference Call to Discuss Second Quarter 2021 Results

Retrieved on:

Wednesday, July 28, 2021

Annuities, Actuarial science, Finance, Money, Insurance, Life annuity, Reinsurance

Midwest Holding Inc. is a rapidly growing, technology-enabled, services-oriented annuity platform.

Key Points:

Midwest Holding Inc. is a rapidly growing, technology-enabled, services-oriented annuity platform.
Midwest designs and develops in-demand annuity products that are distributed through independent distribution channels, to a large and growing demographic of U.S. retirees.
Midwest originates, manages and transfers these annuities through reinsurance arrangements to asset managers and other third-party investors, who are actively seeking these financially attractive products.
Midwest also provides the operational and regulatory infrastructure and expertise to enable asset managers and third-party investors to form, capitalize and manage their own reinsurance capital vehicles.

Guaranteed Lifetime Income or A Fully Stocked Wine Cellar? Financial Advisors Believe Their Clients Favor the Former

Retrieved on:

Tuesday, July 27, 2021

Professional services, Insurance, Finance, Finance, Money, Financial advisors, Financial services, Insurance, Financial adviser, Life insurance, Annuities

Financial advisors clients are happy with the relief of guaranteed lifetime income.

Key Points:

Financial advisors clients are happy with the relief of guaranteed lifetime income.
In their joint survey of nearly 200 financial professionals, RetireOne and Protective found that 84 percent of advisors whose clients own annuities agree or strongly agree that guaranteed lifetime income is more important to them than a fully stocked wine cellar.
Eighty-seven percent of advisors whose clients own annuities agree or strongly agree that guaranteed lifetime income makes their clients happy, and 89 percent agree or strongly agree that guaranteed lifetime income lets their clients sleep easier.
Half of IARs that responded either outsource client life insurance needs to an insurance agent/agency or ignore their clients' insurance needs altogether.

Milliman analysis: Competitive pricing rate for pension risk transfer costs increases to 100.0% in June

Retrieved on:

Friday, July 23, 2021

Academic disciplines, Annuities, Finance, Money, Actuarial science, Pension buyout, Milliman, Pension, Life annuity, Insurance

SEATTLE, July 23, 2021 /PRNewswire/ --Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).

Key Points:

SEATTLE, July 23, 2021 /PRNewswire/ --Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI).
As the Pension Risk Transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer.
During June, the average estimated cost to transfer retiree pension risk to an insurer rose, from 102.0% of a plan's total liabilities to 102.4% of those liabilities.
Meanwhile annuity purchase costs reflecting competition amongst insurers also increased, from 99.7% in May to 100.0% in June.

AM Best Places Credit Ratings of Prudential Retirement Insurance and Annuity Company Under Review With Positive Implications

Retrieved on:

Thursday, July 22, 2021

Professional services, Insurance, Finance, Finance, Money, Annuities, Credit rating agencies, Economy, Insurance in the United States, Actuarial science, Empower Retirement, Prudential Financial, Prudential, AM Best

AM Best has placed under review with positive implications the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- (Superior) of Prudential Retirement Insurance and Annuity Company (PRIAC), headquartered in Newark, NJ.

Key Points:

AM Best has placed under review with positive implications the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of aa- (Superior) of Prudential Retirement Insurance and Annuity Company (PRIAC), headquartered in Newark, NJ.
PRIACs Credit Ratings (ratings) were placed under review with positive implications following the announcement that Empower Retirement (legally known as Great-West Life & Annuity Insurance Company) and Prudential Financial, Inc. (Prudential) [NYSE: PRU] have entered into a definitive agreement for Empower Retirement to acquire Prudentials full-service retirement business including PRIAC.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

CUNA Mutual Group Launches ZoneChoice™ Registered Index-Linked Annuity

Retrieved on:

Thursday, July 22, 2021

Insurance, Annuities, Finance, Financial services, CUNA Mutual Group, Cuna, Cooperatives, Life annuity, Mutual insurance

MADISON, Wis., July 22, 2021 /PRNewswire/ -- CUNA Mutual Group, a leading insurance and financial services company, announced today the launch of the new ZoneChoice Annuity, a registered index-linked annuity, issued by MEMBERS Life Insurance Company.

Key Points:

MADISON, Wis., July 22, 2021 /PRNewswire/ -- CUNA Mutual Group, a leading insurance and financial services company, announced today the launch of the new ZoneChoice Annuity, a registered index-linked annuity, issued by MEMBERS Life Insurance Company.
"This new offering is true to our core principles of simplicity, integrity and innovation," said David Hanzlik, Vice President, Annuity and Retirement Solutions, CUNA Mutual Group.
For more information on ZoneChoice or any of CUNA Mutual Group's annuities, please contact the CUNA Mutual Group Annuities sales desk: 1-877-345.GROW (4769), Option 1 or visit www.SmartRiskControl.com/ZoneChoice .
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates.

New American Equity Fixed Index Annuity Offers Paths to Protected Lifetime Income and Legacy Benefits

Retrieved on:

Thursday, July 22, 2021

For the millions of Americans looking to supplement their retirement with a guaranteed lifelong income stream and ensure a legacy path for beneficiaries, American Equity Investment Life Insurance Company launches a new fixed index annuity the EstateShield.

Key Points:

For the millions of Americans looking to supplement their retirement with a guaranteed lifelong income stream and ensure a legacy path for beneficiaries, American Equity Investment Life Insurance Company launches a new fixed index annuity the EstateShield.
Some call it a plan for their retirement, some call it their second or third act, we internally call it a clients plan for financial dignity, powered by American Equity, said American Equity Chief Executive Officer Anant Bhalla.
To strengthen a clients retirement income base, plus provide the opportunity for rising lifetime income payments and the potential for enhanced legacy benefits, the product has a Benefits Account Value (BAV), which is used to calculate lifetime income payments and/or the enhanced death benefit.
American Equity Investment Life Insurance Company is a full-service underwriter of fixed annuity products, with a primary emphasis on the sale of index annuities.

SIMON Says Hello to Variable Annuities, Expanding the Insurtech’s Marketplace Lineup to Deliver Holistic Retirement Solutions to Wealth Management Professionals

Retrieved on:

Thursday, July 15, 2021

Our partnership with SIMON illustrates a commitment to offering scalable annuity solutions to professionals serving a growing population of retirees.

Key Points:

Our partnership with SIMON illustrates a commitment to offering scalable annuity solutions to professionals serving a growing population of retirees.
Our Marketplace is now able to deliver a more holistic product experience, and we look forward to driving a better, more powerful VA product experience for financial professionals.
Sammons has been an incredible partner to SIMON and were excited to launch their solutions as the first in our variable annuities Marketplace.
The team at Sammons constantly reviews the market to ensure solutions meet the ever-changing challenges faced by financial professionals and investors when planning for retirement.

The Standard Hires Alan Assner as Assistant Vice President of Individual Annuities

Retrieved on:

Thursday, July 15, 2021

Professional services, Insurance, Finance, Academic disciplines, Annuities, Insurance, Articles, Actuarial science, Demography

The Standard announced the hiring of Alan Assner as assistant vice president of Individual Annuities.

Key Points:

The Standard announced the hiring of Alan Assner as assistant vice president of Individual Annuities.
In his new role, Assner will be the head of Individual Annuities and responsible for oversight of actuarial, sales distribution, operations, service and strategy for the line of business.
View the full release here: https://www.businesswire.com/news/home/20210715005327/en/
Alan Assner, assistant vice president of Individual Annuities at The Standard.
(Photo: Business Wire)
With 25 years in the industry, Alan brings a wealth of experience to The Standard.

AM Best Affirms Credit Ratings of Brookfield Annuity Company

Retrieved on:

Wednesday, July 14, 2021

Insurance, Professional services, Actuarial science, Finance, Annuities, Insurance, Money, Credit rating agencies, Brookfield, Connecticut, Brookfield, AM Best, Enterprise risk management, Reinsurance

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Brookfield Annuity Company (Toronto, Ontario, Canada).

Key Points:

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Brookfield Annuity Company (Toronto, Ontario, Canada).
Brookfield Annuity Company is a wholly owned subsidiary of Brookfield Asset Management Reinsurance Partners Ltd (BAM Re) [TSX: BAMR; NYSE: BAMR].
The ratings reflect Brookfield Annuity Companys balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .