Life Insurance

Life insurance refers to a specified amount of capital—the death benefit—that is paid to beneficiaries upon the death of the policyholder. There are many different forms of life insurance including term life, whole life and universal life. Term life is arguably the most basic form of life insurance and is intended to provide financial protection through income replacement in the event of the premature death of the policyholder. There are also many different uses of life insurance such as income replacement, estate planning and tax planning.

Jackson National Reports Strong Annuity Sales and Earnings

Jackson National is the latest in a list of insurance companies to report strong earnings and annuity sales. Jackson National Life Insurance Company reported sales and deposits of $6.1 billion during the first six months of 2009. Variable annuity sales were $3.8 billion for the first two quarters. Fixed annuity sales were also strong at $1.9 billion. Source: Investment News Full Story

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Growth Seen in Life Settlement Market

The life settlement market is benefiting from the fallout of the financial crisis. The supply side of the settlement industry is affected by consumers who have suffered through the crisis. Many are looking to raise cash through the sale of assets such as life insurance policies. Wall Street is pumping the demand side of the securitization market as investors seek alternative assets that are not correlated to the broader equity and fixed income markets. Source: Reuters Full Story

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An Interview with Wharton Professor David Babbel - Part One

This is the first part of an interview with Wharton Professor David Babbel.

Professor Babbel led the...

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Annuity

Fixed Indexed Annuity

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Annuity

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Variable Annuity Sales Down 26% in First Quarter of 2009

Variable annuity sales in the United States continue to decline in the wake of the financial crisis and capital market turmoil. First quarter sales of variable annuities totaled $30.4 billion. This represents a 26% decrease from the same period a year ago. Total variable annuity sales for 2008 totaled $154.8 billion, a drop of 15.1% from 2007. The top 5 variable annuity companies in terms of revenue were lead by MetLife : By individual companies, MetLife re-captured the No. 1 spot, with $3.7...

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