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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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
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Job cuts at Lincoln National division (BizJournals)

Financial services firm Lincoln National Corp. confirmed that it has laid off 12 percent of employees at Lincoln Financial Distributors, the company’s wholesale division that markets and sells variable and fixed annuities, life insurance and investment management products. (LNC)
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Pacific Life and The Hartford have joined the ranks of insurers who are raising prices and fees on some of their most popular investment products: variable annuities
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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.
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Pennsylvania Insurance Department Hits Allegheny County Insurance ... MarketWatch - 21 hours ago Lorena Mierau - Philadelphia - $8000 penalty and
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Insurance Professionals See Investor Confidence of Retirement ... - Centre Daily Times

Insurance Professionals See Investor Confidence of Retirement ... Centre Daily Times, PA - Oct 8, 2008 The NAVA member opinion survey was conducted via an electronic polling system on October 6, 2008, at the NAVA Annual Meeting in Philadelphia , Pa . ...
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We have seen this before, websites popping up over night saying that they are unbiased and the best place to compare annuities . Well, each site that comes along is a
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Group Of 22 Holds $20 Million Powerball Ticket - NBC 10.com

Group Of 22 Holds $20 Million Powerball Ticket NBC 10.com, PA - Oct 7, 2008 The winning ticket has an annuity value of $20 million and a cash value of $10.28 million. The Powerball jackpot returns to an estimated $15 million annuity ... Philly postal workers win $20 million in Powerball York Daily Record Lansdowne lottery ticket wins $10 million Philadelphia Inquirer 22 postal workers win $10.2M Powerball lottery jackpot Lottery Post all 15 news articles
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Harry Gross: Annuity might well have been a misstep (The Philadelphia Inquirer)

Dear Harry: I am 66. While I was in Florida recently, a good friend of my aunt's sold me an annuity as an ideal investment. I trusted him completely. Now that I'm back home, a good friend examined the policy and told me it was anything but a good investme
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Lincoln Financial Group has announced it has combined its two micro-small market
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Nationwide Retirement Plans Launches Clear Advantage

Nationwide Retirement Plans launches Nationwide Retirement Clear Advantage, a retirement plan featuring a new generation of fee disclosure and institutional class mutual funds. The growing interest in greater retirement plan fee disclosure by government, plan sponsors and participants also is shared by a large number of investment professionals. More than 70 percent surveyed responded that they either prefer or would be open to a retirement plan with a more visible fee structure. Nationwide Retirement Plans
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MetLife Launches Online Income Annuity Tool to Help People Make the Most of What They Have in Retirement

To help individuals understand how to create a reliable, sustainable source of retirement income and make the most of their assets, MetLife today launched an innovative online Income Annuities Guide. The interactive online tool demonstrates how a retirement portfolio including an income annuity can help boost spending power as well as provide more guaranteed income. MetLife Launches Online Income Annuity Tool to Help People Make the Most of What They Have in Retirement Source: Business
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Aberdeen Asset Management Inc. Expands US Distribution Team - Earthtimes (press release)

Aberdeen Asset Management Inc. Expands US Distribution Team Earthtimes (press release), UK - Sep 8, 2008 He began his career at Merrill Lynch where he held roles as a financial advisor and district annuity specialist. Headquartered in metropolitan Philadelphia ...
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Bank sales of fixed annuities are soaring, as a result of a favorable interest rate environment, the stormy equity markets, and new product features, according to insurance and banking executives. Market's
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