Search for: "The Variable Annuity Life Insurance Company" Results 21 - 40 of 232
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6 Jun 2007, 2:01 pm
Mortality and Expense Risk Charge: charged by the insurance company for the insurance risk it takes under the contract. [read post]
24 Oct 2011, 8:30 am
In the past several years, we have seen the theft of millions of dollars of contractual benefits, assets, and coverages from variable annuity contracts issued by prominent, multi-billion-dollar financial services and insurance conglomerates, such as The Hartford and Nationwide Life Insurance Company. [read post]
24 Oct 2011, 8:30 am
In the past several years, we have seen the theft of millions of dollars of contractual benefits, assets, and coverages from variable annuity contracts issued by prominent, multi-billion-dollar financial services and insurance conglomerates, such as The Hartford and Nationwide Life Insurance Company. [read post]
24 Nov 2008, 6:52 pm
In late October, the ratings agency Fitch issued a report concluding that equity market performance 2008 "will have a dramatic impact on U.S. life insurers active in the variable annuity market. [read post]
20 Dec 2011, 7:02 am
These moves by insurers will mean less price competition among the companies still in the variable annuity market. [read post]
7 Feb 2010, 11:11 am by Brett Alcala
The state of California will receive $779,795 as its share of a multi-state settlement with Nationwide Life Insurance Co. and Nationwide Life and Annuity Insurance Co. who agreed to pay a fine totaling $2.1 million due to the alleged unsuitable exchange or replacement of two variable annuities developed for and sold by financial advisory firm Waddell & Reed, known as the Waddell & Reed Advisors Select Plus Annuity and… [read post]
12 Oct 2017, 12:30 pm by Renae Lloyd
Some of the major annuity companies are MetLife, American Equity Insurance Life, Prudential Annuities, Lincoln Financial Group, Allianz Life of North America, among others. [read post]
23 Nov 2016, 1:26 pm by Adam Weinstein
  Essentially, a variable annuity is a contract with an insurance company under which the insurer agrees to make periodic payments to you. [read post]
28 Dec 2015, 6:35 am
Mortality and expense risk charges are used by the insurance company to cover guaranteed death benefits, payout options such as guaranteed income for life, or caps on administrative fees. [read post]
30 Nov 2016, 3:02 pm by Adam Weinstein
(Thrivent) alleging unsuitable recommendations to invest in variable products such as variable annuities, equity indexed annuities, and variable life insurance. [read post]
26 Feb 2009, 7:37 am
In an indication that some regulators and professionals are still thinking clearly, the NAIC a few weeks back decided against the ALIC and other life companies that were petitioning for relaxation of reserve requirements on certain lines of variable annuity business and financial guarantees those annuities provide. [read post]
5 May 2014, 8:54 am by Adam Weinstein
” A variable annuity is a contract with an insurance company where the insurer agrees to make periodic payments to you. [read post]
6 Nov 2015, 11:35 am
., the largest U.S. life insurer, is under FINRA’s investigation regarding the company’s broker-dealer unit’s violations tied to variable annuities.According to FINRA, the probe focused on potential violations “regarding alleged misrepresentations, suitability, and supervision in connection with sales and replacements of variable annuities and certain riders on such annuities. [read post]
11 Nov 2020, 7:24 am by Iorio Altamirano
Specifically, his recommendations to customers to purchase variable annuities and whole life insurance policies: Continue reading The post Financial Advisor Richard Michael Wesselt BARRED by FINRA for Recommendations in Unsuitable Variable Annuity Investments to 78 Customers – Collegeville, PA appeared first on Securities Arbitration Lawyer Blog. [read post]
16 Apr 2018, 4:03 pm by John Stigi
Apr. 10, 2018), the United States Court of Appeals for the Second Circuit reversed an order dismissing a variable annuity policyholder’s putative class action against AXA Equitable Life Insurance Company (“AXA”) as precluded by the Securities Litigation Uniform Standards Act of 1998 (“SLUSA”), 15 U.S.C. [read post]
1 Sep 2007, 4:20 pm
  Variable annuities provide payments to the annuitant in varying amounts depending on the success of the investment policy of the insurance company. [read post]
25 Feb 2009, 2:59 am
Dinallo stated that in light of the current economic crisis he will be reevaluating NAIC’s regulations with respect to variable annuities.In the interview, Dinallo addressed issues currently concerning the insurance industry, including that the insurance industry should now focus on adjusting the balance between term life insurance and annuity sales. [read post]
20 Mar 2014, 9:54 am by D. Daxton White
A variable annuity is an insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. [read post]
21 Oct 2008, 12:42 pm
 The New York State Insurance Department recently posted Guidance for Illustrations of Variable Annuity Contracts on their website. [read post]