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OAKLAND - State Insurance Commissioner Steve Poizner announced a $10 million settlement in Oakland this week with Allianz Life Insurance Co.
John Hancock Financial said today that full year sales of variable annuities reached a record $10.8 billion in 2007, up from their previous record of $9.1 billion in 2006. This full year increase of 18% marks the fourth consecutive year John Hancock has achieved record variable annuity sales.
Now that the subprime mortgage business has crashed, many lenders are reviving their incomes by persuading older homeowners to take out reverse mortgages.
Retirees who rely solely on target date funds to provide lifetime income may outlive their money,
According to AccuQuote.com, premiums for individual term life insurance policies continue to fall to the lowest levels in history. The company expects the current term life insurance rate war to heat up throughout 2008 as major life insurance companies compete for the lowest term life insurance rates. (PRWeb Feb 20, 2008) Read the full story at ...
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