Higher interest rates are likely to result in insurers’ sweetening their fixed-indexed-annuity offerings this year as they try to catch the wave of renewed investor interest. Allianz Life Insurance Company of The United States, for example, recently increased the cap rate – the limit on potential returns clients can receive from stock market gains – [...]
Genworth bows out of variable annuity business
The insurer said on Wednesday it will cease sales of retail and group variable annuities, and will also suspend sales of its linked benefit product — a combination annuity product with long-term care features. Current contract holders won’t be affected by the change. “With this decision, we have taken an additional step in advancing our [...]
Leading Indicators Point Positive
Image via Wikipedia US stock futures are lower this morning, as investors are awaiting data on leading indicators. Moody’s Investors Service downgraded Ireland’s credit rating by five notches. Futures for the Dow Jones Industrial Average fell 7 points to 11,424, while those for the S&P 500 lost 1.20 points to 1,237.30. Futures for the Nasdaq [...]
