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PHILADELPHIA ANNUITY
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Cigna will cut 1100 jobs and consolidate - Philadelphia Inquirer
Cigna will cut 1100 jobs and consolidate Philadelphia Inquirer, PA - 8 hours ago But what walloped Cigna were losses from two programs - its variable- annuity death-benefit program and its guaranteed-minimum death-benefit program. ...
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New York Life Gains Sales Milestones in Both Income and Investment Annuities
New York Life Insurance Company today announced that total sales of its income annuities have exceeded $1 billion for the first time, reaching more than $1.2 billion at year-end 2008. The sales benchmark includes sales through New York Life’s career agency system of $850 million and income annuity sales through its partnered banks of $350 million. Further, sales through the company’s AARP Lifetime Income Program, which offers lifetime income annuities to AARP members, have exceeded $100 million in 2008 – a new milestone for sales of this product through AARP. New York Life Gains Sales Milestones in Both Income and
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A response to the SEC's approval of Rule 151A
As expected, the Securities and Exchange Commission approved the new Rule 151A, slightly amended from the proposed rule, which changes the way the SEC treats fixed-indexed annuities (FIAs); they are sometimes referred to as equity-indexed annuities under Section 3(a)(8) of the Securities Act of 1933. Despite significant congressional, state and industry opposition, the Commission voted 4-1 to enact this Rule, which, in effect, turns FIAs into securities -- subject to securities regulation. It also requires that all producers who sell FIAs have a securities license to do so. The SEC's new standard applies to indexed annuities issued on or after
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Personnel File (The Beacon News)
John Paciorek of Aurora has been named a financial representative for Country Financial . He recently completed the organization's extensive training on their products and financial solutions. Paciorek can provide clients with auto, home, life and long term care insurance, annuities, mutual funds and college savings plans. He can also offer investment management, retirement planning and ...
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