Retirement

Annuity Business Drives Earnings Momentum at MetLife and Prudential

Life insurance companies MetLife and Prudential Financial both reported quarterly earnings that exceeded analysts' estimates. MetLife reported record variable annuity sales and a sharp rise in its retirement product fees. Prudential also reported strength in its annuity business. While annuity sales were strong at both companies, higher hedging costs had an adverse impact on the reported earnings of MetLife and Prudential. Source: Reuters Full Story

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MetLife

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New Health Care Expense Software is Taking Aim at a Retirement Planning Void

There is a strong case to be made for health care as the linchpin of retirement planning. Virtually...

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Retirement Income Industry Association

Healthcare

HealthView Services

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Fidelity Variable Annuity Offering Reaches $1 Billion in Sales in First Year

Fidelity Investments recently announced that it reached $1 billion in sales with its MetLife Growth and Guaranteed Income ("MGGI") variable annuity product offering. The MetLife Growth and Guaranteed Income product has only been available since November 2009. The MGGI product is manufactured by MetLife and distributed exclusively by Fidelity. The MGGI product is a deferred variable annuity with a living benefit rider. The living benefit rider is a guaranteed lifetime withdrawal benefit ( GLWB...

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Guaranteed Lifetime Withdrawal Benefit

Variable Annuity

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GLWB

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Annuity

Guaranteed Lifetime Withdrawal Benefit

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Healthcare Reform Provides Insurance in Name Only

After a tough couple of years for former Federal Reserve Chairman Alan Greenspan and in an era when the phrase affordable health insurance seems like an oxymoron, it is time to provide some credit where credit is due.

Chairman Greenspan hit the nail on the head in his recent book The Age of Turbulence.

The following are Greenspan’s comments regarding entitlement spending and the healthcare system:

The bottom line in the success of all retirement systems is the availability of real resources at retirement…The financial arrangements associated with retirement facilitate the diversion of resources that make possible the consumption of goods and services after retirement, but
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