Annuity

CUNA Mutual Group Wins Accolades for Annuities Success

Retrieved on: 
Wednesday, October 26, 2022
LinkedIn, Insurance, Uncertainty, Life, Retirement, Technology, Solution, Organization, Diversity, Publication, Income, Multimedia, CUNA Mutual Group, Science and technology in Asia, Music Industry Awards, Transamerica Retirement Solutions, Workplace, Inclusion, Coalition, Annuity, View, Leadership, Financial adviser, Equity

MADISON, Wis., Oct. 26, 2022 /PRNewswire/ -- CUNA Mutual Group's dedication to improving retirement products, client service and company culture in the insurance and annuity space has earned them recognition from industry platforms. In 2022, the company received placements on Barron's Best Annuities for Income and Growth list for the fourth year in a row, a finalist nomination on WealthManagement.com's 2022 Wealthies Industry Awards for the first time and a finalist nomination on ThinkAdvisor's LUMINARIES Class for the second year in a row.

Key Points: 
  • "It's rewarding to see our hard work across the annuities space acknowledged by top-tier publications for our market," said David Hanzlik, vice president of Annuity and Retirement Solutions at CUNA Mutual Group.
  • In Barron's Best Annuities feature, four CUNA Mutual Group annuity products, CUNA Mutual Group ZoneChoice Annuity, MEMBERS Horizon II Annuity, MEMBERS Future Income Annuity, and MEMBERS Single Premium Immediate Annuity were ranked once again, while the CUNA Mutual Group Zone Income annuity was recognized for the first time.
  • For more information on CUNA Mutual Group's annuities, visit cunamutual.com/annuities or follow us on LinkedIn at linkedin.com/company/cmannuities .
  • CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates.

Barron’s Names Global Atlantic Among 100 Best Annuities for Income and Growth

Retrieved on: 
Wednesday, July 27, 2022
Banking, Professional Services, Insurance, Finance, Goal, KKR, IRA, Registered, Insurance, Industry, NYSE, SEC, Research, Mechanics, Solution, Compliance, Contract, Risk, Retirement, Income, Risk management, RILA, Prospectus, Annuity, IRS, Marketing, FIA, FSR, Suite, LLC, Growth, Excellent, Life insurance, Financial adviser, Atlantic Ocean, Fitch

Global Atlantic Financial Group (Global Atlantic), a leading financial services company, today announced its inclusion in the annual Barrons list of the Best Annuities .

Key Points: 
  • Global Atlantic Financial Group (Global Atlantic), a leading financial services company, today announced its inclusion in the annual Barrons list of the Best Annuities .
  • Annuities issued by Global Atlantic subsidiary Forethought Life Insurance Company were recognized by Barrons in the Registered Index-Linked Annuities and Fixed-Indexed Annuities categories.
  • Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited.
  • The Global Atlantic rating is for Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, First Allmerica Financial Life Insurance Company, Forethought Life Insurance Company, Global Atlantic Assurance Limited and Global Atlantic Re Limited.

Annexus and Integrity Join Forces to Transform Annuity and Life Insurance Product Design and Distribution

Retrieved on: 
Wednesday, July 27, 2022
People, Name, Acquisition, RIA, Insurance, Industry, CEO, Partnership, Solution, Compliance, Intention, Health, Marketing, Annuity, Retirement, Board, Multimedia, Senior, Technology, FIA, Creativity, Blackstone, Life, IUL, European Technology Platform on Smart Systems Integration, Innovation, Entrepreneurship, LLC, Growth, Financial services, Life insurance, Risk management, Integrity, DALLAS

DALLAS, July 27, 2022 /PRNewswire/ -- Integrity Marketing Group, LLC ("Integrity"), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire Annexus, the foremost independent insurance and financial product design and distribution company. As part of the transaction, Ron Shurts, Co-Founder and CEO of Annexus, will become a Managing Partner in Integrity. Previous Annexus investors, including funds managed by Blackstone, will sell their interests as part of the transaction. Financial terms of the acquisition were not disclosed.

Key Points: 
  • Annexus is an influential industry pioneer that develops financial and insurance products including fixed indexed annuities (FIA) and indexed universal life insurance policies (IUL) for leading insurance companies.
  • In 2022, Annexus expects to place approximately $7 billion in annuity premium and $150 million in target life insurance premium.
  • "We created Annexus around a unique vision to revolutionize product development and delivery in the annuity and life insurance space and provide better solutions to our stakeholders.
  • As the leading independent product design and distribution company in America, Annexus designs solutions to help Americans grow and protect their retirement savings.

Global Atlantic announces new registered index-linked annuity to help retirees balance growth potential and risk management

Retrieved on: 
Monday, July 18, 2022
Professional Services, Insurance, Finance, MAKE, Retirement, Climate change, RILA, Annuity, UBS AG, THE, KKR, Prospectus, NOT, SALE, Separate account, Dow Jones, Company, FTSE Russell, Strategy, OR, Nasdaq, Inc., Compliance, SEC, ARE, Franklin Templeton Investments, Mechanics, Income, NOR, AS, Russell Indexes, IRA, S&P, Suite, SELL, Standard, AND, RISKS, IRS, Planning, Insurance, LLC, FMR, Risk management, Corporation, Contract, UBS, Risk, Growth, London Stock Exchange Group, Fidelity, Franklin, FPS, NYSE, London Stock Exchange, Marketing, Atlantic Ocean, Russell, ESG, BUT, Life insurance, Financial adviser, Index

The annuity provides retirees with meaningful growth potential alongside interest crediting strategies designed to limit the risk of performance losses.

Key Points: 
  • The annuity provides retirees with meaningful growth potential alongside interest crediting strategies designed to limit the risk of performance losses.
  • With ForeStructured Growth, growth potential is linked to the performance of index crediting strategies, up to a stated maximum.
  • Global Atlantic Financial Group is a leader in the U.S. annuity and life insurance industry, serving the needs of individuals and institutions.
  • Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries, including Accordia Life and Annuity Company, Commonwealth Annuity and Life Insurance Company, Forethought Life Insurance Company and Global Atlantic Re Limited.

Lincoln Financial Group Promotes Stephen Turer to Head of Annuity Business

Retrieved on: 
Thursday, May 19, 2022
Accounting, Professional Services, Finance, LNC, BRG, Optimism, CNO Financial Group, Caribbean Travel & Life, Lincoln National Corporation, Insurance, Lincoln, Solution, Pennsylvania State University, Annuity, Industry, Retirement, Corporate Equality Index, Bloomberg, Instagram, Dow Jones, Actuarial science, LinkedIn, Twitter, NYSE, FTSE4Good Index, Facebook

Lincoln Financial Group (NYSE: LNC) announced today that Stephen Turer has been named senior vice president and head of the Annuity business, effective July 1, 2022.

Key Points: 
  • Lincoln Financial Group (NYSE: LNC) announced today that Stephen Turer has been named senior vice president and head of the Annuity business, effective July 1, 2022.
  • Turer will report to Matthew Grove , who, as previously announced, will join Lincoln Financial in July as head of Individual Life & Annuities and Lincoln Financial Network.
  • Turer joined Lincoln Financial in 2005 as assistant vice president, Annuity Pricing, and took on increasing responsibility within the Annuity business.
  • Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism.

Sagicor Life Insurance Company Joins The Ensight™ Marketplace Platform

Retrieved on: 
Wednesday, May 11, 2022
COVID-19, Acceleration, Chfc, Insurance, Death, Mental Healthcare Act, 2017, Annuity, Monaco Heliport, Partnership, IMO number, Benchmarking, Conditional sentence, District, Very Large Telescope, RIAS, Income, Index, Life, CEO, Technology, SAN, IUL, LTC, Financial adviser, Life insurance, Health insurance, Sagicor Financial Corporation

SAN DIEGO, May 11, 2022 /PRNewswire-PRWeb/ --  Ensight, the leading life and annuity digital sales acceleration platform for insurance carriers, distributors and financial professionals, today announced a new partnership with Sagicor Life Insurance Company ("Sagicor"). This partnership brings the addition of Sagicor's IUL product suite onto Ensight's digital marketplace for national distributors, broker-dealers, BGAs, IMOs, FMOs, RIAs and thousands of financial professionals.

Key Points: 
  • Sagicor's life products are now available on Ensight's Life, LTC & Annuity insurtech platform, which digitally transforms the entire sales lifecycle experience
    SAN DIEGO, May 11, 2022 /PRNewswire-PRWeb/ -- Ensight , the leading life and annuity digital sales acceleration platform for insurance carriers, distributors and financial professionals, today announced a new partnership with Sagicor Life Insurance Company ("Sagicor").
  • Ensight is the leading cloud-based insurance sales acceleration platform for more than 500 l and annuity distributors, thousands of financial professionals, as well as many of the largest North American insurance carriers.
  • To learn more about Ensight, visit https://www.ensightcloud.com/
    Sagicor Life Insurance Company (Sagicor) is a full-service life insurance company that helps clients make wise financial decisions today to ensure they're protected tomorrow.
  • Insurance and annuities issued by Sagicor Life Insurance Company.

Simplicity Acquires Optima Financial & Insurance Services and Welcomes Jon Salomon and Greg Olson as Partners

Retrieved on: 
Tuesday, March 8, 2022
Leadership, Simplicity, Industry, Annuity, LinkedIn, Solution, Growth, Life, Company, Acquisition, CEO, Insurance Services of America, Education, Technology, Partnership, Retirement, Optima, Financial adviser

SUMMIT, N.J., March 8, 2022 /PRNewswire/ -- The Simplicity Group ("Simplicity"), one of the nation's leading financial products distribution businesses, todayannounced the acquisition of San Rafael, CA-based Optima Financial & Insurance Services.

Key Points: 
  • SUMMIT, N.J., March 8, 2022 /PRNewswire/ -- The Simplicity Group ("Simplicity"), one of the nation's leading financial products distribution businesses, todayannounced the acquisition of San Rafael, CA-based Optima Financial & Insurance Services.
  • "Greg and I are thrilled to become part of Simplicity Group and join such an exemplary team of partners," said Jon Salomon, President, Optima Financial & Insurance Services.
  • Founded in 2009, Optima Financial & Insurance Services offers robust training and education, along with an array of life and annuity products, to advisor partners.
  • The Simplicity Group is one of the nation's largest and fastest-growing financial products distribution companies, which has had 33 distribution businesses join its partnership (including Optima Financial & Insurance Services).

William Peterman, MRFC® Elected to Serve on the MRFC® Board of Directors

Retrieved on: 
Wednesday, February 23, 2022
FINRA, Life, Board, Association of Official Seed Certifying Agencies, Industry, Consultant, National Commission, Annuity, NCCA, Certified Financial Planner, Professional, MRFC, Certified Public Accountant, Medicine, Western Illinois University

He also holds a Life, Heath and Annuity licenses in the state of Illinois and various other states.

Key Points: 
  • He also holds a Life, Heath and Annuity licenses in the state of Illinois and various other states.
  • During his career, Peterman has helped individuals in areas of financial planning, investment planning, and tax planning.
  • I fully intend to support the MRFC Board and the credential we confer on qualified consultants with the utmost professionalism and the integrity it deserves."
  • For more information on the MRFC credential and to apply to take the exam, visit the MRFC section of the IARFC Website.

Simplicity Group Partners with Ensight™ To Launch Exclusive IUL Digital Sales Platform Utilizing Tax-Free Retirement Concepts

Retrieved on: 
Wednesday, October 13, 2021
Leadership, Universal life insurance, Annuity, Acceleration, Technology, Solution, Retirement, IUL, Simplicity, Universal Life, Insurance, Education, Life, Language, Company, CEO, Sale, Software as a service, Partnership, TFR, Financial adviser, Risk management

SUMMIT, N.J., Oct. 13, 2021 /PRNewswire/ -- The Simplicity Group ("Simplicity") is pleased to announce the launch of a new Indexed Universal Life ("IUL") digital sales platform, utilizing Patrick Kelly's Tax-Free Retirement ("TFR") concepts, which was developed in partnership with Ensight.

Key Points: 
  • SUMMIT, N.J., Oct. 13, 2021 /PRNewswire/ -- The Simplicity Group ("Simplicity") is pleased to announce the launch of a new Indexed Universal Life ("IUL") digital sales platform, utilizing Patrick Kelly's Tax-Free Retirement ("TFR") concepts, which was developed in partnership with Ensight.
  • Designed for financial professionals, the TFR-based sales platform represents a new standard for IUL digital sales enablement, further enhancing Simplicity's digital capabilities and innovation leadership position.
  • This new sales platform simplifies the presentation of the key values of IUL, with easy-to-understand planning concepts delivered in a visually engaging and dynamic way.
  • Now, in partnership with Ensight, the TFR sales platform will be more accessible and bolster advisor business growth with this exclusive technology.

Best’s Special Report: Insurance Companies Remain Prime Targets for Private Equity

Retrieved on: 
Thursday, July 1, 2021
Other Professional Services, Professional services, Insurance, Finance, Money, Economy, Financial markets, Investment, Corporate finance, Private equity, Private-equity firm, Annuity, Insurance

A new Bests Special Report, Insurance Companies Remain Prime Targets for Private Equity, notes that the annuity insurers business model is a prime target for the new private equity model, offering a reliable revenue stream of invested capital while also offering permanent capital that is stable and positioned for the long term.

Key Points: 
  • A new Bests Special Report, Insurance Companies Remain Prime Targets for Private Equity, notes that the annuity insurers business model is a prime target for the new private equity model, offering a reliable revenue stream of invested capital while also offering permanent capital that is stable and positioned for the long term.
  • Additionally, private equity firms also have infused considerable amounts of capital to spur rapid growtha strategy that insurers do not typically execute well.
  • In the first year of private equity ownership, 38% of companies reported increases of over 20% in capital and surplus, rising to 43% in year No.
  • As more insurance companies are acquired by private equity firms, the ramifications may become more pronounced for other insurers competing in the same markets.