Arizona residents claim fraud on EquiTrust annuity

Two Arizona residents have filed a class action lawsuit against an Iowa insurance agency, claiming the company engaged in fraudulent business and marketing practices regarding its sales of indexed annuities. The complaint, filed Jan. 12, claims EquiTrust Life Insurance Co. sold an annuities package that matured after the policyholder’s 105th birthday, thereby protecting the firm from risk, while damaging the financial security of the policyholder... Phoenix Business: Arizona residents claim fraud on EquiTrust annuity
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New York Life Annuity Relaunches, Adds Assets

New York Life Insurance Co. "dusted off" an old product in 2005 when it reintroduced its immediate annuities to the market, and it has paid dividends as conservative investors seek products that can provide a steady stream of income in retirement. Chris Blunt, a senior vice president of retirement income security at New York Life, said that immediate annuities have grown more than tenfold in the past five years, to $1.2 billion of assets under management at Dec. 31, including 34.4% growth last year... Bank Investment Consultant: New York Life Annuity Relaunches, Adds Assets
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Added Value -- and Anxiety -- For Variable-Annuity Owners

For years, variable annuities got a bad rap: too-high fees for benefits consumers would never use. Why pay an insurance company for minimum-return guarantees, critics asked, when stocks in the long run always rise? Yet baby boomers kept on buying these retirement-savings products -- and many now worry they got too good a deal. With the broad U.S. market down more than 40% from its peak, their concern: Will the insurers be able to make good on all of the promises? WSJ: Added Value -- and Anxiety -- For Variable-Annuity Owners
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Added Value -- And Anxiety -- For Variable Annuity Owners

For years, variable annuities got a bad rap: too-high fees for benefits consumers would never use. Why pay an insurance company for minimum-return guarantees, critics asked, when stocks in the long run always rise? Added Value -- And Anxiety -- For Variable Annuity Owners Source: Wall Street Journal
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