Fixed Annuity Sales Drop 51.9% in Year, IRI/Morningstar/Beacon Report Shows

2010 data can’t match last year’s flight to safety, says Beacon chief in first-ever report

Fixed annuity sales plummeted 51.9% in the first quarter of 2010 compared to a year ago, the Insured Retirement Institute (IRI) said in its first-ever quarterly annuity sales report, released Tuesday, May 18, with data provided by Morningstar Inc. and Beacon Research.

The 51.9% decline in year-to-year quarterly sales of fixed annuities reflected an $18 billion drop from $34.8 billion in the first quarter of 2009. Fixed annuity sales for the first quarter were about $16.7 billion, down from $19.6 billion as of December 31, 2009, representing a 14.7% quarterly decline...

Investment Advisor: Fixed Annuity Sales Drop 51.9% in Year, IRI/Morningstar/Beacon Report Shows

Tri-City financial adviser under fire

A Tri-City financial adviser has been accused of violating the state's Securities Act by falsifying birth dates on annuity applications for elderly clients.

The state Department of Financial Institutions Securities Division has filed a statement of charges against Thomas Doncaster, claiming he violated the law and should have to pay a $65,000 fine plus investigation costs of more than $5,000...

News-Tribune: Tri-City financial adviser under fire

Feds get an earful on 401(k) proposal

Vitriol over plan to let retirees buy annuities with savings

What happens when the government considers tinkering with retirement accounts and asks for citizen input?

It gets plenty.

Government officials began seeking comments in February on a proposal to add an annuity option to retirement plans. Such an option would potentially turn a portion of a retiree's savings over to an insurance company in exchange for a monthly check...

MSNBC: Feds get an earful on 401(k) proposal

Annuity Sales Show a Decline

Annuity sales in the first quarter declined 27% from the year-ago period, but sales of variable annuities rose modestly, a sign that investors appear to be stepping back into the market...

Sales of annuities in the first quarter were $47.4 billion, down from $50.9 billion in the fourth quarter; they were down 27% from $64.4 billion in the first quarter of 2009, the group said...

WSJ: Annuity Sales Show a Decline

Medical Emergency Travel Insurance

Don't play with reality visiting Canada. You have to defend your financial future in case of medical emergency. Visitors to Canada insurance can help if you buy it before arrival. You will regret


Even unexpected happiness can cause medical problems in the future. So, you should be ready for any events in your live with proper insurance plan coverage.

Emergency Medical Insurance For New Canadian Immigrants

As for Ontario, Quebec, BC, New Brunswick you also have to buy Canadian Private Medical Insurance Plan for the first 90 days in Canada. The name of the plan is Visitors to Canada Single Trip Medical Insurance.You should choose the coverage amount (varys from $25,000 to $200,000). I suggest you to buy as much as you can to avoid unreasonable financial risk. If you want to decrease the cost , you can increase deductible amount. Good luck and welcome to Canada.

Canada Life participating policyholder 2009 Canadian dividend scale announcement

Canada Life participating life insurance offers consumers important advantages and choice as part of a sound financial security plan. The company committed to maintaining choice and flexibility for clients and advisors.

While some companies have exited the participating life insurance market, Canada Life promises to continue to be a leader in this area. They believe in participating life insurance and know the value it has delivered to policyowners. Canada Life is part of an organization that is the leading provider of participating life insurance in Canada. In 2007, the organization's collective participating life insurance sales grew by 15 per cent, surpassing $100 million in premium. Their extensive portfolio of life insurance products gives advisors choice in how best to serve their clients' financial security needs.

Participating life insurance policies are eligible for a periodic policyholder dividend. A review has been completed of the Canada Life participating account experience. Regarding the company statement, the 2008 dividend scale for Canada Life individual life insurance participating policies will continue to apply in 2009.

• Participating policyholder dividends are estimated to be $168 million in 2009.
• The interest rate for dividends on deposit will remain at 2.75 per cent or if greater, the minimum guaranteed interest rate in the contract.
• The policy loan interest rate will remain at 7.5 per cent, or if lower, the guaranteed interest rate in the contract.