Winning Powerball ticket sold in Dover - CBS 3

Winning Powerball ticket sold in Dover CBS 3, PA The ticketholder will split a two-state $174.4 million prize with the holder of a ticket bought in suburban Philadelphia . State lottery director Wayne Lemons said Tuesday that the winning ticket holder can choose an annuity worth $87.2 million, ...
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As the economic recession continues to wreak havoc on retirement savings, increasing numbers of Americans are looking for financial products that
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A.M. Best Special Report: Life Insurers Hunker Down as Market Turmoil Continues

2008 was among the worst in memory for life insurers’ operating performance—the key drivers being substantial realized and unrealized losses on investment portfolios, higher costs of capital and a declining revenue base. These trends clearly are continuing and could deepen well into 2009 and beyond. A.M. Best Co.’s recently issued special report, “Life/Annuity Review & Preview 2009: U.S. Life Insurers Hunker Down As Market Turmoil Continues,” expresses the rating agency’s current perspective on the industry.
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CIGNA Reports Fourth Quarter and Full Year 2008 Results (Business Wire via Yahoo! Finance)

PHILADELPHIA----CIGNA Corporation : Net income for full year 2008 was $1.05 per share1, which included a loss of $2.54 per share1, due to the results from the Guaranteed Minimum Income Benefits business2 and results from the Guaranteed Minimum Death Benefits business also known as Variable Annuity Death Benefits .
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Business Wire (press release) Pennsylvania's Top Two Youth Volunteers Selected in
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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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