Information About
PHILADELPHIA ANNUITY
Articles
Lincoln Financial Group Comments on Standard & Poor's Ratings Action (PR Newswire via Yahoo! Finance)
Lincoln Financial Group today announced that Standard & Poor's affirmed its AA counterparty credit and financial strength ratings on The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York, and revised its outlook for the insurance subsidiaries from positive to stable.
Read more...
Pennsylvania Insurance Department Hits Allegheny County Insurance ... - MarketWatch
Pennsylvania Insurance Department Hits Allegheny County Insurance ... MarketWatch - 21 hours ago Lorena Mierau - Philadelphia - $8000 penalty and five-year license supervision for selling and misrepresenting annuity products not authorized in ...
Read more...
Insurers in for More Misery
Insurance companies that have sold billions of dollars worth of annuities that make guaranteed payments when stock indices like S&P 500 fall, could weigh on several companies that offer the products. Equity index annuities (EIAs), also known as fixed index annuities, pay holders a percentage based on the performance of a market index, such as the S&P 500. As the S&P goes up or down, so does the amount of interest the insurer pays the annuity holder. However, EIAs also offer a minimum guaranteed interest rate, generally about 3% (the "fixed" component). Companies do employ hedging strategies targeted to time
Read more...
Financial Advisors Award Prudential Annuities Top Industry Honors
Prudential Annuities announced today that for the fourth consecutive year, one of its variable annuity optional living benefits has won a Boomer Market Advisor Readers Choice Award . Additionally, Insurance Marketing readers recently ranked Prudential Annuities No. 1 for the Best Line of Variable Annuities. Prudential Annuities is Prudential Financial's domestic annuity business. Financial Advisors Award Prudential Annuities Top Industry Honors Source: Yahoo! Finance
Read more...
