Accumulated assets.

Variable Annuity Sales at Jackson National Rise 57 Percent

Variable annuity sales are, to say the least, strong at Jackson National Life Insurance Company.
Key Phrases: 

Veritat Offers Comprehensive, Fee-Only Financial Planning Services that are Affordable and Scalable

Veritat is a start-up seeking to leverage process and technology innovation to scale a business model that is typically saddled with persistent and burdensome variable costs.  If successful, Veritat will be able to deliver premium services to a mass audience.

As a registered investment advisor (RIA) that adheres to the fiduciary standard, Veritat provides comprehensive financial planning services through financial advisors who are employed by the company and share a common sense of mission.

We spoke with Dr. Kent Smetters who is the President of Veritat and a professor at the Wharton School at the University of Pennsylvania. 


Annuity Digest: How did Veritat come into existence?

Dr. Kent Smetters:...


The Prevalence of Large Negative Returns on Major Asset Classes

It is natural and tempting to assume that the capital market losses that occurred during the recent financial crisis represent a statistical outlier, a perfect storm, a rare, once in a century event—a black swan. This is not at all the case. An unsettling and eye-opening table in the current issue of the Financial Analysts Journal is reproduced below. The data, provided as part of a guest editorial authored by Laurence B. Siegel, clearly show that large negative returns such as those...

Annuity Costs May Increase as a Result of Dodd-Frank Act

The financial system reforms imposed by the Dodd-Frank Act will likely result in a broad range of increases in the cost of financial services products. Similar to Sarbanes-Oxley, the regulatory costs of the legislation will ultimately be passed along to the buyers of financial services.

Wealth Preservation through Annuities, or Why Mike Tyson Should Have Purchased an Annuity

According to a 2009 article in Sports Illustrated, 78 percent of former NFL players have gone bankrupt or are under financial stress within two years of their retirement, and 60 percent of former NBA players are broke within five years of their retirement.