CNBC and Annuities

I know it has been awhile since we have posted, sorry. The market has been a mess, but as you may have read, we knew that for awhile. We called the temporary bottom and were right, but we did not post that it was going to go lower. However, this latest rally is a bear market rally, so don’t get sucked into long-term buying. Anyhow, we were watching CNBC on Friday when we got all
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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 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
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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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The Fixed Annuity Income Riders

Annuity income riders are designed to provide safety of investment, predictable, guaranteed, lifetime income and peace of mind to people who are worried about running out of money in retirement. The Fixed Annuity Riders Source: Insurance News Net
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Amid growing concerns over abusive sales practices by insurance agents, the Securities and Exchange Commission has proposed to regulate the increasingly popular indexed annuity as a securities product, a move that
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Summaries of Senate financial disclosure forms - The Associated Press

Summaries of Senate financial disclosure formsThe Associated Press - Jun 13, 2008Major sources of unearned income: Interest on retirement bond fund, $50001-$100000; interest from stock index fund, $15001-$50000; City of Philadelphia ...
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Jefferson National’s Monument Advisor, the first flat-insurance fee variable annuity with the industry’s largest supermarket of more than 200 tax-deferred funds, is now
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