Information About
PHILADELPHIA ANNUITY
Articles
Forecast for Life Insurance Industry Challenging, LOMA Resource Survey Finds
With the economy in crisis, the 2009 forecast for the life insurance industry is challenging, according to executives surveyed by LOMA's Resource magazine... According to participants: In 2009, life insurance sales will hold steady, premium growth will be modest, but profits will decrease. Stock market volatility and the implosion of venerable financial institutions in 2008 have made consumers wary; consequently, variable products will be vulnerable as consumers move to more fixed products with guarantees. On the upside, whole life products from strong companies will do well. Term insurance will continue to do well as consumers look to keep expenses at
Read more...
Longevity Annuities Could Redefine the Retirement Income Planning Landscape
Finance textbooks speak of many kinds of risk — inflation risk, principal risk, market risk, interest rate risk, currency risk, tax risk, etc. Yet, when the subject is retirement income, none of those things mean much. There’s really only “one big risk”: What are the chances that my account balance will fall to zero before my blood pressure does? Longevity Annuities Could Redefine the Retirement Income Planning Landscape Source: Life Insurance Selling
Read more...
Annuity Rule Challenged
Insurers Question SEC Jurisdiction Over Index Products Insurance companies are challenging a Securities and Exchange Commission rule that treats indexed annuities as securities and forces them to accept federal regulation. The product offers a return tied to the performance of a stock index and typically offers protection if stocks do poorly. Indexed annuities are mostly sold by insurance agents who are subject to state regulation... WSJ: Annuity Rule Challenged
Read more...
Annuities: the Answer to a Weak Stock Market?
Annuities, or contracts with insurance companies that usually provide guaranteed income streams, can seem like the holy grail of retirement planning. They offer a safer option for investors worried about the fluctuating stock market or low returns from bonds. But they also tend to be expensive and are sometimes so complicated that even financial advisers have trouble understanding them. Annuities: the Answer to a Weak Stock Market? Source: U.S. News & World Report
Read more...
