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America Is Now Number 2

I’m at the airport as I read this headline. Brett Arends of MarketWatch writes, “It’s official: America is now number 2”. The Chinese economy overtakes the U.S. economy to become the world’s largest. America is now number 2. Has anyone noticed? Since about 1945 we have lived in a world dominated by the United States.  Click to Continue


NEW! Indexed Annuity Education Center Goes Live is pleased to unveil their new education center focused on explaining the pros and cons of Index Annuities that is fully accessible to anyone interested in learning the truth about these very unique products. Many Americans unfortunately don’t realize that the word “Annuity” is an umbrella term for a variety of different product types  Click to Continue


Sentinel Security Life Announces The Summit Bonus Index in North Carolina!!!

Sentinel’s newly created Summit Bonus Index Annuity has become available on NC shelves.  This highly competitive income annuity will provide your client’s the following features:     Summit Bonus Index Annuity 10 year Annuity Industry-Leading Income Rider Competitive Caps Maximum Premium Bonus – Up to 9% Issues Ages 0-80 7% Compounding Income Roll-Up for 20 Years  Click to Continue


New Mexico to Implement Separate Insurance Department

Earlier this week, the state of New Mexico announced that legislation is creating an independent state office that would oversee the insurance industry.  The bill, HB 45, was already approved by the House, and cleared for the Senate.  What does this mean for retirement specialists in the state of New Mexico?  It’s possible new rules  Click to Continue


Retirement Think Tank Logs its 3,000th BLOG!

Retirement Think Tank, an independent educational group focused on annuities and retirement income, has reached a huge feat by posting its 3,000th blog relating to retirement income this month!   As we all know, there will never be a single one-size-fits-all retirement planning tool that is a perfect fit for everyone. Each individual has unique  Click to Continue


Genworth Scheduled to Sell Management Business

Earlier this month, insurance giant Genworth Financial announced they have plans to sell their Wealth Management business.  Aquiline Capital Partners and Genstar Capital have partnered up to be the sole purchaser of Genworth’s Wealth Management business for $412.5 million.  The motivation behind the sell for Genworth is to increase financial flexibility.  This could mean we  Click to Continue


American Family Life transfers VUL’s

Earlier this month, American Family Life Insurance Company agreed to transfer the remaining variable universal life insurance and variable annuities to Kansas City Life.  The transfer comes as no surprise as with the low interest rate environment, and market volatility, many companies seem to be struggling.  American Family Life has actually been out of the  Click to Continue


AXA Sells Life and Annuity Portfolio to Protective

Financial giant AXA Financial announced earlier this week that they will be selling a closed book of annuity and life policies from their MONY Life Insurance Company to Protective Life Corporation for $1.06 Billion.  Most of the business was underwritten before 2004, and Protective has already indicated that they will retain all positions associated with  Click to Continue


Prudential Selling Wealth Management Business

Financial giant Prudential made an announcement earlier this week that they are selling off a small part of their business, the wealth management services unit.  Financial services firm Envestnet will be the purchaser of the wealth management business for amounts close to $33 million.  The main reason for Envestnet’s interest in the wealth management business  Click to Continue