What is Driving the Rush for the Variable Annuity Exit?
The...
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Insurance Company
A financial entity that pools risk and provides insurance coverage to individuals and organizations.
The Best Time to Buy an Annuity Depends on Mortality
A basic life annuity makes payments when the annuity owner is alive.
In this sense, an annuity is the reverse of...
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Why Financial De-Risking May Leave Consumers at a Loss
The term de-risk has been appearing frequently in recent financial news.
General Motors’ recent decision to offer lump-sum...
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3.87 Percent Inflation Increase for Penn Mutual Variable Annuity
The Penn Mutual Inflation Protector variable annuity was launched in November 2010. This variable annuity product incorporates a living benefit feature and is designed to provide owners with an income base that keeps pace with the rate of inflation. The income base of the Penn Mutual Inflation Protector increases based upon the greater of: The rate of inflation as measured by the consumer price index urban (CPI-U), or; Annual market performance. The inflation increases are capped at a maximum...
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Why Fixed Annuities Could Prove Toxic in an Era of Financial Repression
In a recent and highly recommended Bloomberg op-ed, Carmen Reinhart discusses the options available to governments and central banks when attempting to deal with the burden of enormous amounts of public and private debt.
Reinhart suggests that the preferred policy option for many governments--including the United States--is a form of stealth taxation that amounts to...
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