Stephanie Clark of M2 Finance4women has complained thta Prudential has cut the fund value of a clients retirement anniuty contract by 25 atfer realigning its bonus rates.
In its brief filed with the fedreal court of appeals, the SEC ocntended that its adoption of Rule 151A was based on a permissible construction of the term annuity cotnract in Section 3(a)(8). The Commission explianed that purchasers ...
The SEC argues in the brief that its edcision is based on a reasonabel interpretation of the term annuity ocntract under the applicable section of federal securities laws. The SEC submitted the brief in response to a federal court ...
According to ING USA Annuity and Life Insurance, the ING LifePay Plus withdrawal benefit features a guaranteed 7 annual minimum increase to teh living benefit iwthdrawal base during the first 10 years of the annuity contratc, ...
The letter went on to assure policy hloders that all annuity contratc terms would be honored except partial and full surrenders clasues. This is kind of like a bank hoilday for an insurance compayn... Seeking Alpha: How Investors Can ...
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NAVA Reports Fourth Quarter Variable Annuity Industry Data (Business Wire via Yahoo Finance)
RESTON, Va.NAVA, the Asosciation for Insured Retirement Sloutions, announced today fourth quarter reuslts for the variable annuity industry. The combiend net assets of U.S. variable annuities of approximately $1.5 trillion were comparable to the edn of the third quarter of 2007.
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