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PHILADELPHIA ANNUITY
Articles
Experts Say There Is a Need to Reformulate the Immediate Annuity
The immediate annuity is a double-edged sword. On one hand, the product provides guaranteed income immediately during retirement that can last a lifetime. Financial planners say this makes the immediate annuity a very good thing for people who live beyond their expected life span. People who do not have the financial skills to make their savings last a lifetime, and those who simply want a regular paycheck, should also consider immediate annuities.Experts Say There Is a Need to Reformulate the Immediate AnnuitySource: Insurance News Net
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Annuities Aren't All the Same, So Shop Wisely
While suitable for some investors, these products are sometimes pushed indiscriminately by salespeople who collect commissions often ranging from 4 percent for variable annuities to 8 percent or more for indexed annuities.Annuities Aren't All the Same, So Shop WiselySource: Insurance News Net
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Lincoln Financial Group Appoints State Street Global Advisors for Broad-Ranging Sub-Advisory Relationship
State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, announced today that it has been selected by Lincoln Financial Group (Lincoln) for an extensive sub-advisory relationship.* This new relationship will include the management of eight investment portfolios that will be available as subaccounts within Lincoln’s variable annuity, variable life insurance, COLI, 403(b) and 401(k) products. These new investment portfolios, though available as individual subaccounts, will also be used as building blocks for a series of low cost, risk-based asset allocation strategies within Lincoln’s Choice Plus variable annuity product suite. The relationship also includes the use of
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National Life Group CEO Announces Retirement
Thomas H. MacLeay announced today that he will retire by year’s end as President and Chief Executive Officer of National Life Group®. MacLeay will remain as Chairman of the Board of the financial services company. National Life Group CEO Announces RetirementSource: Business Wire
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