The guaranteed payouts on immediate annuities offer insurance against the kinds of rocky times investors have been weathering of late. But retirees need to be sure the value of their investment doesn't get slowly whittled away by inflation...
WSJ: Inflation's Toll on Annuity Payouts
Monday, May 24, 2010
Thursday, May 20, 2010
Accused Vancouver serial killer took out life insurance on victim: lawyer
Accused serial killer Charles Kembo took out an $850,000 life insurance policy on his business partner just 10 weeks before he was murdered, B.C. Supreme Court heard Wednesday.
Crown counsel Hank Reiner told the Vancouver trial that Kembo forged Arden Samuel’s name on the lucrative policy — and declared that upon Samuel’s death the $850,000 policy payout should go directly to Kembo’s son Grant.
Kembo, he said, kept insurance inspectors from suspecting anything by listing Grant as Samuel’s “cousin” on the policy, which was signed, sealed and delivered without a personal visit to the insurance agency...
Montreal Gazette: Accused Vancouver serial killer took out life insurance on victim: lawyer
Crown counsel Hank Reiner told the Vancouver trial that Kembo forged Arden Samuel’s name on the lucrative policy — and declared that upon Samuel’s death the $850,000 policy payout should go directly to Kembo’s son Grant.
Kembo, he said, kept insurance inspectors from suspecting anything by listing Grant as Samuel’s “cousin” on the policy, which was signed, sealed and delivered without a personal visit to the insurance agency...
Montreal Gazette: Accused Vancouver serial killer took out life insurance on victim: lawyer
Wednesday, May 19, 2010
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
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
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
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
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
Monday, January 4, 2010
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.
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.
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