Articles

Total annuity sales were $432.4 billion in 2024, up 12% yearly, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey, representing 83% of the U.S. annuity market. It marks the third consecutive year of record-high annuity sales. Annuity sales were $313 billion in 2022 and $385 billion in 2023. Experts expect another strong […]

Jackson National Life Insurance Company, the main operating subsidiary of Jackson Financial Inc., recently released key findings on how retirees and financial professionals perceive healthcare risk and the associated impacts on retirement income planning. These include costs of healthcare and long-term care. Jackson’s research shows a notable gap between individuals’ perceptions of healthcare and long-term […]

A North Carolina federal court appointed a special master team to unwind Greg Lindberg’s financial empire and reimburse his victims. District Judge Max O. Cogburn, Jr. named bankruptcy attorney Joseph Grier of Grier Wright Martinez PA to serve as special master. Scott Avila of Paladin Management will serve as the special master’s financial advisor, according […]

If a federal appeals court interpretation of California life insurance lapse laws stands, it could “undermine” regulations nationwide, the plaintiff claims. LaWanda D. Small initially won a partial summary judgment and class certification from the U.S. District Court for the Central District of California. Small sued Allianz Life Insurance Co. of North America after the […]