Annuities

Brighthouse Financial Unveils a Smart New Way to Plan for Long-Term Care Expenses

Retrieved on: 
Wednesday, February 13, 2019
Health, Professional services, Finance, Insurance, Managed care, Economy, Finance, Money, Annuities, Brighthouse Financial, MetLife, BrightHouse, SmartCare, Life annuity, Insurance, Bright House, Retirement

Brighthouse SmartCare arrives at the intersection of two key retirement trends: rising costs of long-term care and increasing life expectancies.

Key Points: 
  • Brighthouse SmartCare arrives at the intersection of two key retirement trends: rising costs of long-term care and increasing life expectancies.
  • We designed Brighthouse SmartCare to address an increasingly important question in retirement today: What happens to my financial future if I suddenly require long-term care?
  • Following several product introductions in its expanding annuity category, Brighthouse SmartCare marks the first life insurance product launch by Brighthouse Financial since becoming an independent entity in 2017.
  • Brighthouse Financial (Nasdaq: BHF) is on a mission to help people achieve financial security.

Great American’s Annuity Customers Share Their Secrets to a Great Retirement

Retrieved on: 
Tuesday, February 12, 2019
Seniors, Professional services, Finance, Insurance, Consumer, Annuities, Finance, Economy, Money, Actuarial science, Retirement, Insurance in the United States, United States contract law, Life annuity, Insurance, Life insurance

The series provides a glimpse into the lives of five Great American Annuity customers, showcasing retirement experiences from modest Midwestern cities to sprawling Florida beach towns.

Key Points: 
  • The series provides a glimpse into the lives of five Great American Annuity customers, showcasing retirement experiences from modest Midwestern cities to sprawling Florida beach towns.
  • Donna Carrelli, Divisional Vice President, Marketing Services, valued the opportunity to hear customers tell their retirement stories.
  • The video series, which is available at GAIG.com/GreatRetirements , is a follow up to Great Americans successful Live Your Life Great campaign that invited customers to submit photos of what makes their lives great.
  • Annuity subsidiaries include Great American Life Insurance Company and Annuity Investors Life Insurance Company.

AIG Individual Retirement Receives Multiple DALBAR Awards for Annuity Service Excellence

Retrieved on: 
Monday, February 11, 2019
Professional services, Finance, Insurance, Annuities, Finance, Insurance, Money, Actuarial science, Life annuity, Retirement, American International Group

AIG Life & Retirement, an industry leader in helping people achieve financial and retirement security, today announced that its Individual Retirement business has received multiple customer service awards for annuity excellence from DALBAR, an expert in the financial community for evaluating, auditing and rating business practices, customer performance, product quality and service.

Key Points: 
  • AIG Life & Retirement, an industry leader in helping people achieve financial and retirement security, today announced that its Individual Retirement business has received multiple customer service awards for annuity excellence from DALBAR, an expert in the financial community for evaluating, auditing and rating business practices, customer performance, product quality and service.
  • AIGs Individual Retirement business is this years only recipient of the DALBAR Communications Seal of Excellence for superior annuity policyholder communications.
  • Also, for the 12th consecutive year, DALBAR has awarded AIG its Annuity Service Award, recognizing the consistent delivery of best-in-class customer service through its contact center.
  • We work closely with our partners and with DALBAR to ensure strong customer communications, said Tina Haley, Senior Vice President, Individual Retirement Products, Individual Retirement.

National Survey Reveals Retirees in Relationships Have Fewer Financial Planning Regrets

Retrieved on: 
Monday, February 11, 2019
Seniors, Women, Professional services, Finance, Insurance, Consumer, Family, MEN, Actuarial science, Annuities, Retirement, Ageing, Termination of employment, Cohabitation, Life annuity, Academic disciplines, Personal life, Economy

While two out of three single retirees (64%) report having retirement planning regrets, fewer than half of retirees in relationships (49%) do.

Key Points: 
  • While two out of three single retirees (64%) report having retirement planning regrets, fewer than half of retirees in relationships (49%) do.
  • Nearly half (45%) of single retirees regret that they did not save enough money (compared to 30% of those in relationships).
  • One differentiating factor is that retirees in relationships appear to have more diverse income streams than single retirees.
  • One in four (24%) retirees who is married or cohabiting reports having an annuity, compared to only 15% of single retirees.

Empower Retirement Leader Edmund F. Murphy III Expands Role as President and CEO of Great-West Life & Annuity

Retrieved on: 
Thursday, February 7, 2019
Small business, Professional services, Banking, Consulting, Finance, Insurance, Other Professional Services, Annuities, Finance, Great-West Lifeco, Companies of Canada, Actuarial science, The Great-West Life Assurance Company, Money, Putnam Investments, GWL, Life annuity, London Life Insurance Company

Edmund F. Murphy III has been appointed President and CEO of Great-West Life & Annuity Insurance Company (GWL&A), the US subsidiary of Great-West Lifeco Inc. and the parent of Empower Retirement, the nations second largest retirement service provider1.

Key Points: 
  • Edmund F. Murphy III has been appointed President and CEO of Great-West Life & Annuity Insurance Company (GWL&A), the US subsidiary of Great-West Lifeco Inc. and the parent of Empower Retirement, the nations second largest retirement service provider1.
  • Reynolds will maintain his role as president and CEO of Boston-based Putnam Investments, also a subsidiary of Great-West Lifeco US.
  • As president and CEO, Murphy will assume leadership of all of GWL&A, which has $544 billion in assets for approximately 9.2 million customers (as of 12/31/18), and includes Empower Retirement, Great-West Investments and the companys individual life insurance and annuity businesses.
  • Murphy will remain president of Empower Retirement and will report directly to Great-West Lifeco President and CEO Paul Mahon.

The Standard Hires Joseph Simmons, CFA, as Stable Value Sales Director

Retrieved on: 
Thursday, February 7, 2019
Professional services, Finance, Insurance, Finance, Annuities, Financial markets

The Standard announces the hiring of Joseph Simmons, CFA, as stable value sales director.

Key Points: 
  • The Standard announces the hiring of Joseph Simmons, CFA, as stable value sales director.
  • This new position was created to support The Standards growing product base of stable value funds .
  • View the full release here: https://www.businesswire.com/news/home/20190207005025/en/
    Simmons has more than 25 years of experience in the financial services industry, previously holding positions as a director of stable value and director of investment consulting.
  • We are excited to grow our stable value sales team with an accomplished and knowledgeable professional like Joe, said Chris Conklin, vice president of Individual Annuities and Asset Management Group Sales at The Standard.

Cube Highways to acquire a Hybrid Annuity Model Project in Tamil Nadu, India

Retrieved on: 
Tuesday, February 5, 2019
Transport, Trucking, Other Transport, Construction & Property, Other Construction & Property, Roads in India, Annuities, Road transport, Ministry of Road Transport and Highways, Indian National Highways, Land transport, National Highway, Transport, Outer Ring Road, Nagpur, IRB Infrastructure

Using the Hybrid Annuity Model (HAM), the project will construct and operate nearly 160 lane-kilometers in the state of Tamil Nadu.

Key Points: 
  • Using the Hybrid Annuity Model (HAM), the project will construct and operate nearly 160 lane-kilometers in the state of Tamil Nadu.
  • HAM projects are a hybrid between conventional EPC contracts and BOT (Annuity) projects using an innovative concession model developed by the National Highway Authority of India (NHAI).
  • The steady annuity income from HAM projects will diversify the current Cube Highways portfolio of traffic-linked toll roads.
  • Ltd. (Cube Highways) is a Singapore-based company investing in road and highway projects, along with other select infrastructure sectors in India.

Foresters Financial Reminds Americans February is a Great Time to ‘Insure Your Love’

Retrieved on: 
Friday, February 1, 2019
Professional services, Banking, Finance, Insurance, Economy, Finance, Money, Annuities, Types of insurance, Fraternal orders, Insurance in the United States, Retirement, Insurance, Independent Order of Foresters, Life annuity, Life insurance

Thats why every February Foresters Financial reminds consumers that life is for living but protecting your familys security through life insurance is vital.

Key Points: 
  • Thats why every February Foresters Financial reminds consumers that life is for living but protecting your familys security through life insurance is vital.
  • In fact, 68 percent1 of Americans with life insurance say they are less stressed knowing their families are financially protected.
  • Foresters is proud to support the annual Insure Your Love campaign to raise awareness on the protective value of life insurance for families, said Matt Berman, Chief Distribution Officer, North American Life Insurance and Annuity at Foresters Financial.
  • Insurance products are issued by Foresters Life Insurance and Annuity Company, New York, or The Independent Order of Foresters.

The Society for Annuity Facts and Education (SAFE) Announces Sheryl J. Moore as New Chief Research Officer

Retrieved on: 
Thursday, January 31, 2019
Annuities, Economy, Finance, Money, Actuarial science, Retirement, Life annuity, Sheryl

DES MOINES, Iowa, Jan. 31, 2019 /PRNewswire-PRWeb/ --The Society for Annuity Facts and Education (SAFE) is pleased to welcome Sheryl J. Moore as its new Chief Research Officer (CRO).

Key Points: 
  • DES MOINES, Iowa, Jan. 31, 2019 /PRNewswire-PRWeb/ --The Society for Annuity Facts and Education (SAFE) is pleased to welcome Sheryl J. Moore as its new Chief Research Officer (CRO).
  • "We are very proud to have Sheryl as the Chief Research Officer of SAFE.
  • Sheryl J. Moore is the founder, creator, President & CEO of Wink, Inc., an independent market research firm focused on annuities and life insurance.
  • Ms. Moore previously worked as a market research analyst for top carriers in the life insurance and annuity industries.

Pacific Life Foundation Announces $7 Million Giving Program for 2019

Retrieved on: 
Wednesday, January 30, 2019
Philanthropy, Professional services, Insurance, Foundation, Fund Raising, Annuities, Insurance companies, Finance, Insurance, Pacific Life, Omaha, Nebraska, Scholarship, Lynchburg, Virginia

The Pacific Life Foundation announced it plans to give $7 million in charitable funding in 2019.

Key Points: 
  • The Pacific Life Foundation announced it plans to give $7 million in charitable funding in 2019.
  • Annually, the Pacific Life Foundation awards grants to K-12 schools where there are concentrations of children or grandchildren of Pacific Life employees.
  • In 2019, the Pacific Life Foundation plans to award $75,000 in scholarships to five students in Orange County, Omaha and Lynchburg.
  • Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company.