Do Annuity Issuers Really Give a Crap About Plaintiffs?
2009-03-21 01:44:00 I am going to go out on a limb with this one because I, for one, want to know how many structured annuity issuers really give a crap about plaintiffs? One can read the brochures, look at the web sites and the marketing hype, but... Are you angry at me for posing this seemingly outrageous question yet friends? GOOD.The Halpern Group, an undisputed friend of plaintiffs, has strong anti-assignment language in the qualified assignment agreements for its United States Treasury Bond Structured Settlement Trust. The company has recently been endorsed by the American Association for Justice whereas no structured annuity issuer or intermediary has. My sources tell me that cash now pusher companies such as J.G. Wentworth have tried but now hardly bother going after Halpern clients because they're going to be shut down by the Halpern anti-assignment language. Halpern Group anti assignment language is available to resourceful members of the structured settlement industry, including structure...
Structured Annuity Issuers Again Rank Well In 2009 Fortune "World's Most Ad
2009-03-19 02:20:00 Structured settlement annuity issuers again appear in the FORTUNE list of America's Most Admired Companies for 2009. The annual FORTUNE survey has been called "the definitive report card on corporate reputations". There's nothing better than having your peers recognize you and the survey that forms the basis for these rankings does just that. Peers are asked to rate their competitors on the basis of these 8 points: Innovation, People Management, Use of Corporate Assets, Social Responsibility, Quality of Management, Financial soundness, Long Term Investment and Product/Service Quality.There is something new for the 2009 "Most Admired", Fortune has consolidated to a single global survey Structured settlement annuity issuers fall into two categories (1) Insurance-Life and Health; and (2) Insurance-Property and Casualty. A number of structured settlement annuity issuers fall into the P&C Category because of the diversity of their businesses. Life &...
Fixed Annuity Sales Up 90% in Q4 2008 over Q4 2007 and Up 60% Calendar Yea
2009-03-19 00:19:00 According to Beacon Research Fixed Annuity Premium study of 53 insurance companies representing 86% of the market, U.S. sales of fixed annuities were up 60% in 2008. Surprisingly in the 4th quarter of 2008, at the height the financial crisis and bad press, in which a number of large insurers were downgraded by rating agencies, Q4 results were estimated at 90% above Q42007 and 23% higher than Q3 2008. Beacon reports that fixed annuity sales were the strongest since they began the study in 2003. The study includes immediate annuities (income annuities) but DOES NOT include structured settlements. The study shows that the public generally has faith in insurance companies despite the negative financial press concerning AIG, Hartford, Conseco and others.
lottery annuity lump sum
2008-10-17 21:29:00 Whether you elected to take your jackpot in installments, or you were never given a choice in the matter by the authorities, no winner should have to wait on their dreams.
annuity selling
2008-09-24 16:44:00 If Woodbridge can't beat your offer, they will pay you $500 Cash! Just fill out our fast free quote form or Call 1-866-865-7044 Today! Call 1-866-865-7044 Today!
New Features to Annuity IQ
2008-06-10 06:28:00 Annuity IQ has been put in an awkward position since we launched nearly 3 years ago. We are committed to not sell annuities to the public, but we are inundated with consumer requests for annuity quotes. After much debate and discussion we decided to continue to not sell annuity products. However, to help consumers we have teamed up with a firm that will provide annuity quotes to those interested. The page can be found here: Free annuity and life insurance quotes While we are not in any way connected with the firm providing the quotes it is a better way for consumers to compare and shop for annuity products. The firm we have teamed up with is also there to help financial advisers in their quest to grow their business. advisers can now receive qualified leads to help grow their business and improve the lives of investors. To sign-up and start receiving leads financial consultants should go here: Annuity Leads The goal is to help both the consumer and the financial adviser and lessen o...
USDOJ Structured Annuity Brokers-DealFlow Media Report Gets It Wrong, AGAIN
2008-06-01 00:00:00 The U.S. Department of Justice released its 2008 Calendar-Year List Of Annuity Brokers who "meet the minimum qualifications for providing annuity brokerage services in connection with structured settlements entered into by the United States". Click here for the list of...
Exit Stage Left
2008-05-16 04:35:00 For years The Hartford’s Director variable annuity was the rock of the variable annuity industry. For almost a decade it was the best selling broker sold variable Annuity product, behind TIAA-CREF. Last week that legacy came to an end as the Director variable annuity ceased to exist for new investors and was folded into the Hartford Leaders product. The Hartford’s Planco division once boasted that the Director product will always be the best selling variable annuity with the Leaders product a close second. Sadly, they were the last to see that the writing was on the walls years ago and single managed variable annuity products were irrelevant. In 2005 they tried to turn the ill fated Director Annuity around by introducing a multi-managed approach, they added some 55 different sub-accounts from various managers. What they did not count on was that their success with the Hartford Leaders product would undo what they were trying to accomplish. The Leaders variable annuity ha...
What Is A Structured Annuity?
2008-05-11 00:49:00 A structured annuity is a "longevity insurance" product that provides one or more fully customizable payment streams tied to the terms of a settlement agreement and release. Depending on the case, a qualified assignment or a non qualified assignment, Court Order and proof of birth and other requirements may be needed. For examples of structured annuity payment streams please click here A structured annuity is different from a regular annuity. Where a structured annuity is used in the resolution of a personal injury lawsuit for payment of damages under IRC 104(a)(2), or the settlement of a workers compensation claim under IRC 104(a)(1), as part of a structured settlement, the payments received by the payee*** are income tax free. The term structured annuity is commonly used interchangably with the term "structured settlement". Technically the term "structured settlement", which is defined under the Internal Revenue Code *, refers to the form of c...
Clarification of Annuity IQ?s View onEquity Index Annuities
2008-05-04 07:35:00 Do to the reaction from our comments on the Dateline NBC story, “Tricks of The Trade”, where they performed an expose of equity index annuity sales we feel that our position needs to be clarified. While Annuity IQ likes annuities, immediate, traditional fixed and specifically variable annuities we do feel that equity index annuities have little place for most investors. Below we will further explain our position. Surrender Schedule: While the annuity surrender schedule needs to be taken into consideration it must not be the only litmus test for any investment. if the surrender schedule fits the needs of the investor then it is a non-issue. However, some contracts should not be available to older, say above the age of 70, for some clients, specifically surrender schedules that surpass 10 years. While there is liquidity for most annuity products while they are in the surrender period we feel that contracts that have surrender schedules longer than 10 years is a bit excess...
Annuity IQ Updates are Now Complete
2008-04-28 06:45:00 The existing variable annuity contract data has been updated. However, there are still a few minor updates that need to be addressed, like purging companies we are dropping. There are also going to be new contracts added to the database. Genworth, Amperiprise and Lincoln are on deck to be added in the very near future. Subscribe to Annuity IQ's Feed LS BlogsContribute to Annuity IQ's Beer Fund if you enjoyed our blog.
Be careful when your financial advisors tries to sell you an annuity.
2008-04-18 10:01:00 So I had a “financial advisor” from Hartford mutual back in my “younger days” (Dec2007) that sold me a Life Insurance policy and then proceeded to tell me the next thing I needed on my ordered list of investments was a deferred annuity. She said it was very stable and something I really should ...
Dateline NBC Annuity Story
2008-04-14 02:05:00 When talking about annuities the media is dumb. They never let the public know what type of annuity they are talking about or the fact that there are many different types of Annuity contracts in the marketplace. This story was NOT about variable annuities, instead it was about equity index annuities. The problem with major media outlets is the fact that they try to tell a story in an hour or less. While the agents “caught” on the show looked like they were trying to pull a fast one, and some were, Dateline never let them finish their sales pitch. While Annuity IQ agrees that equity index annuities are not good investments, we also all agreed that the story was not telling the whole truth about the products. They also did not tell their viewers that the sales people were selling specific companies index annuities. More than likely the agents were selling Allianz, Midland National and Aviva equity index annuities, most of those products are not good for investors. The bot...
Future Value Annuity Calculator
2008-03-31 01:00:00 (http://www.money-zine.com/Cate-gory/Retirement-Calculators/)Th-is calculator can help you figure out the future value of a retirement account, as well as three possible annuities that could be funded using this money. Specifically, this calculator takes into consideration a fund's current balance, the size, and the duration over which payments will be placed into this fund. The resulting future value of this fund is then converted into three annuity terms: 20, 25, and 30 years.
Present Value Annuity Calculator
2008-03-17 00:00:00 (http://www.money-zine.com/Cate-gory/Retirement-Calculators/)Th-is present value of an annuity calculator can help you figure out the worth of a stream of payments extending into the future. By taking the annual payment, number of payment periods, and the interest rate (or discount rate) of the annuity, this tool can calculate the value of that annuity stated in terms of today's dollars.
Buying an Annuity from a Charity as way to Make a Donation
2008-03-13 01:29:00 This strategy was much more effective if you purchased the annuity on or before December 20th, 2002. The strategy is not as common now as the tax rules have changed, but you could still purchase an annuity from a charity now and receive some tax savings. A donation would be eligible for the tax credit if the amount you pay the charity for the annuity is more than what you would normally have paid for it from a financial institution offering annuities.For example, if you had gone to a life insurance company and asked for a quote for an annuity they might tell you that every $100,000 given to them will give you $1,000/month for the rest of your life (this is based on their actuarial estimation of your life expectancy, prevailing interest rates and interest rate forecasts, an added cushion for profit, etc).To be eligible to receive any type of tax credit for a donation, you would have to pay more than $100,000 to a registered charity for that same $1,000 monthly payment. If you just pa...
Immediate Annuity Calculator
2008-03-03 00:00:00 (http://www.money-zine.com/Cate-gory/Retirement-Calculators/)Th-is immediate annuity calculator can help you figure out the fixed payments you'll receive from this type of retirement investment over time. An immediate annuity is a retirement income investment option typically offered by insurance companies. With this type of annuity, a large sum of money, or premium, is paid in exchange for a stream of income that continues for as long as you live. This calculator provides the user with monthly, quarterly, as well as annual payments.
Annuity Payment Calculator
2008-02-18 00:00:00 (http://www.money-zine.com/Cate-gory/Retirement-Calculators/)Th-is annuity calculator can help you figure out the fixed payments you'll receive from this type of retirement investment over time. The calculator uses the starting principal balance, the interest rate received on the annuity, and the payment period to calculate annual annuity payments. The calculator also displays the declining balance of the investment over time.
Key highlights of CPF Life annuity scheme
2008-02-17 18:50:00 * Pls note that this is only for people below 50 years old. What is it? IT GUARANTEES Central Provident Fund (CPF) members monthly payouts from as early as age 65 for as long as they live. The objective is to ensure that members do not outlive their savings due to their longer life expectancy. The new plan, also known as the National Lifelong Income Scheme or CPF Life, will be integrated with the current CPF Minimum Sum scheme and be operated by the CPF Board. Who is it for? CPF members who hit 50 this year and later will be automatically included in this scheme, which commences in 2013. Those with less than $40,000 in their CPF Retirement Account are excluded, although they can opt in. Also exempted are those with serious medical conditions and those on pensions or have bought approved private annuities. How does it work? WHEN you turn 55, you are required to leave a Minimum Sum in your CPF Retirement Account. The current cap on the Minimum Sum is $99,600, but by 2013, it will...
Standard Life conjures up £100m in annuity windfall
2008-02-16 14:39:00 Herald - Standard Life yesterday moved to shore up its City credibility with a bumper item of financial engineering which will add £100m to this year's profit. In the biggest reinsurance deal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Engineers Voice
Standard Life conjures up £100m in annuity windfall
2008-02-15 15:29:00 Herald - Standard Life yesterday moved to shore up its City credibility with a bumper item of financial engineering which will add £100m to this year's profit. In the biggest reinsurance deal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Engineers Voice
Standard Life conjures up £100m in annuity windfall
2008-02-15 15:28:00 Herald - Standard Life yesterday moved to shore up its City credibility with a bumper item of financial engineering which will add £100m to this year's profit. In the biggest reinsurance deal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Engineers Voice
The digital annuity: our next great marketing asset
2008-02-08 15:04:00 With several internet channels reaching near-ubiquity and others growing very rapidly, it's almost impossible that your content won't cross one of these channels sooner or later.
What Type Of Annuity Is Best For Your Needs?
2008-02-07 03:47:00 Are you thinking about buying an annuity? Before you make a decision - is it suited to your situation - search some main terms. Make no mistake. What is an annuity? How are annuities different from life insurance? What is a deferred annuity? What is a immediate annuity? In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments. Usually the term “annuity” relates to a contract between you and a life insurance company, but a charity or a trust can take the place of the insurance company. Both annuities and life insurance should be considered in your long-term financial plan. While both include death benefits, you buy life insurance in the event you die too soon and an annuity in case you live too long. In other words, life insurance provides economic protection to your loved ones if you die before your financial obligations to them are met, while annuities guard against outliving your assets. There ar...
By: Insurance Blog
Should This Retiree Grab An Annuity?
2008-01-21 18:23:00 Over at the Wall Street Journal, a retired reader asks if he should pay off his mortgage early. The answer omits the use of reverse mortgages. Question: “I retired five years ago at age 55 with a pension and a 401(k) from which I took fixed withdrawals through age 59½. Then, I rolled over the 401(k) ... read more
I am 59 and am 7 years into a variable annuity that is guaranteed to double
2008-01-17 16:47:00 The initial investment into the annuity was about $487000 and the current value is $687693. It has been as high as $730K.
By: nobosh Answers
Are Variable Annuity Guaranteed Living Benefits Worth It?
2007-12-30 00:00:00 If you have an IRA, sorting through all the investment options can be very confusing. Unfortunately, there is a lot of hype out there and, in my opinion, the financial services industry is great at selling the sizzle and delivering very little steak! This is especially true in the area of annuities. Folks purchase variable annuities ...
Live life proudly with annuity reverse mortgage
2007-12-28 01:07:00 An annuity reverse mortgage assists senior citizens to lead a normal healthy and debtless life.
Live life proudly with annuity reverse mortgage
2007-12-28 01:07:00 An annuity reverse mortgage assists senior citizens to lead a normal healthy and debtless life.
Get a Better Financial Deal With An Annuity Reverse Mortgage Posted By : An
2007-12-24 07:00:00 Settle your finances easily with an annuity reverse mortgage.
Annuity reverse mortgage assists people in leading secured life
2007-12-17 07:18:00 Annuity reverse mortgages lets senior citizens to lay their hair down as it fulfills their long awaited desires and wishes leading towards a good and healthy life.
Annuity reverse mortgage assists people in leading secured life
2007-12-17 07:18:00 Annuity reverse mortgages lets senior citizens to lay their hair down as it fulfills their long awaited desires and wishes leading towards a good and healthy life.
Selling Your Annuity
2007-12-10 04:29:00 Are you interested in selling your annuity payments. Settlement Quotes is there for you with a helping hand. Settlement Quotes offers the opportunity for selling their annuity from top the annuity buyers in the financial industry. Settlement Quotes helps in choosing the best available service in the industry in selling annuity. The services offered will help in finding the number of payments you would like to sell and the best finance company. Settlement quotes helps to satisfy your immediate cash requirements like paying of unwanted debt. Usually selling annuity takes more than two weeks of processing, Settlement Quotes will provide you with an immediate check after consulting with the top industry leaders. The website of Settlement Quotes has got information on how to sell your annuity, Annuity selling Guide and Annuity Quotes. Visit the website and get the best quote for selling your annuity.
Deferred Sales Trust - Is this a thinly disguised Private Annuity Trust? or
2007-11-28 21:16:00 There has been a bit of buzz around the internet this year about a “new” strategy called a Deferred Sales Trust. As an outlet for professional advisors and sellers of highly appreciated assets… we like to present issues like this from both sides of the coin. When I first heard of the Deferred Sales Trust (DST) I ...
Earn more with annuity reverse mortgage
2007-11-28 00:46:00 An annuity reverse mortgage is one such plan that helps the senior citizens to live their life with full jest in comparison to other mortgages.
Earn more with annuity reverse mortgage
2007-11-28 00:46:00 An annuity reverse mortgage is one such plan that helps the senior citizens to live their life with full jest in comparison to other mortgages.
Earn more with annuity reverse mortgage
2007-11-28 00:46:00 An annuity reverse mortgage is one such plan that helps the senior citizens to live their life with full jest in comparison to other mortgages.
Annuity Quotes: Investment For Everyone
2007-10-10 06:00:00 An annuity is an insurance policy that in many aspects, functions like an investment product. In a typical annuity policy, the investor pays a premium to the insurance company providing the annuity. (...)
Feature Life Insurance Company! Genworth Life And Annuity!
2007-09-23 00:00:00 For the next several weeks I will be occasioanally giving information on the companies that I use. Each of these companies has a strong point or they would’t be in my portfolio. Each of them has weak points and these are things I consider when I am “shopping” for my customers. In addition the sharing some ...
What Is An Annuity And Are They Right For Me?
2007-09-19 11:29:00 There are many saving vehicles available today, your piggy bank, traditional passbook savings accounts, money market accounts, certificates of deposit, bonds? etc. Many people today still don?t realize annuity products are also included in this list. First, Let?s Get Rid Of Some Negative Perceptions! I would like to speak to the most common misunderstanding among the ...
By: Insurance Blog
Charitable Gift Annuity - Saving Tax
2007-09-14 17:51:00 A Charitable Gift Annuity is a contract where an individual (called a donor) gives an irrevocable gift of value (cash or other asset) to a qualified charity and in return receives a charitable tax deduction. For this gift, the charity agrees to make a payment of a fixed amount of money to the donor(s) for the remainder of their lifetime. These annuity payments are not considered "income" and a portion of each payment is considered to be a partial tax-free return of the donor's gift, which is spread over the donor's lifetime. The gift becomes a part of the charity's assets and the payments are a general obligation of the charity. The annuity is not just backed by the value of the contribution, but is backed by the charity's entire asset base. When the donation is in the form of securities, the value is determined by the fair market value on the date of the gift.Charitable gift annuities are regulated by most states. They require a published gift annuity rate chart of the maximum ...
What the Government’s annuity scheme may look like
2007-09-02 10:56:00 HAVING enough money set aside to manage late in life is a juggling act we all have to attempt - mainly because no one knows when he will die. The Government’s proposed compulsory annuity scheme aims to make that tricky task considerably easier. The scheme means the growing number of people who live past 85 will get $250 to $300 a month for as long as they live. The Government has assured Singaporeans that the scheme will be basic, flexible and cheap. It is aimed at those who are currently below 50 and will ensure Singaporeans do not outlive their savings. Details of the scheme are still being worked out. An annuity is a bit like a whole life insurance in reverse. You pay a lump sum to an insurer at the start and get a monthly income for as long as you live, in this case from age 85. Under the scheme, at age 55 or later, a Singaporean uses a portion of the Central Provident Fund (CPF) Minimum Sum to fund the annuity. The balance of the Minimum Sum will be used to buy an...
Testimonials Why You Should Buy Annuity
2007-09-02 10:51:00 ALL the current talk about annuities is rather painful for retiree S. Rajamanickam, 75. He was one of a fairly small group of Singaporeans who bought this type of insurance voluntarily. Soon, annuities are expected to be compulsory for Central Provident Fund (CPF) members who are currently under 50. Mr Rajamanickam bought his annuity in 1992 but changed his mind and cashed it in soon after and has lived to regret deeply the ‘foolish’ move. The decision is costing him nearly $5,000 a year in lost income payments - which would have been guaranteed as long as he lived. Mr Rajamanickam and his wife, Madam Sarojini, 75, have just celebrated their 50th wedding anniversary - a joyous occasion but one that underlines the fact that Singaporeans are living longer. An annuity provides monthly or yearly income payments for as long as you live. It involves paying an insurer a one-off lump sum that is invested to provide this regular income. Annuities have long proven to be unpop...
Senior Market Expo Impressions
2007-08-29 18:16:00 We just returned from the Senior Market Advisor Expo in Las Vegas. We can’t say enough about the quality of the folks that came by to see us. This year there was a genuine interest in trying to offer quality service to their clients. Most of the advisors were trying to build systems to stay ...
Annuity Payments. What are They?
2007-08-29 08:33:00 Annuity payments are generated from an insurance settlement and provide a consistent cash flow of income upon retirement. These structured settlement payments are typically paid either for a specific period of time such as 10 or 20 years, or for the lifetime of the Annuitant. Annuity payments are subject to income tax regardless of whether they are received monthly or in one lump sum. Additionally, these disbursements might be subject to fees and expenses including mortality and surrender charges, and management fees.
New ‘tail-end annuity’ scheme:Only small part of CPF Minimum Su
2007-08-22 17:53:00 (Note that this is different from the NTUC INCOME annuity plans which is for lifetime pension, whereas this govt plan is for a certain period of time). A NEW scheme making annuities compulsory for Central Provident Fund (CPF) members will be tailored to cover them only in the last phase of their lives. It will thus be different from current annuities members can buy now. For a start, members do not use all of their CPF Minimum Sum on the annuity, as is the case now. Only a small portion of the Minimum Sum will be used to purchase a ‘tail-end annuity’ which will kick in only after the member’s Minimum Sum runs out. An annuity is a scheme which one buys by paying a lump sum to an insurer, who invests the money, and pays him a monthly income for life. With the new compulsory annuity, a CPF member will get a monthly payout for the rest of his life from the age of 85 at a subsistence level of $250 to $300. Manpower Minister Ng Eng Hen gave these details yesterday. ...
Return Of Premium! Better Than Term Plus Annuity?
2007-08-01 00:00:00 Return of premium term insurance provides coverage for a guaranteed period at a level premium and when you outlive the term, it gives you your premiums back. The annual cost is higher than straight term, but with term insurance you pay for coverage and if you outlive the term, well, you’ve spent the money for ...
?Take the ?Annuity Rescue Challenge? with Jefferson National? I Accept Your
2007-06-19 19:34:00 Jefferson National is hitting the street hard with their Monument Advisor flat fee variable annuity product. They have issued a challenge to compare their flat fee variable annuity to other variable Annuity contracts, boldly stating that they are cheaper than 99% to 100% of the contracts currently available. With their flat fee at $20 per month it would seem they are correct, but deeper analysis would prove otherwise. Here is where they get you: ?Jefferson National?s Monument advisor has a $20 flat insurance fee on more than 97% of our underlying funds. Certain funds also have a transaction fee ranging from $19.99 to $49.99 per transaction, depending on the number of transactions per year. See the prospectus for details. Like other variable annuities, the customer pays fees of the underlying funds selected (currently ranging from 0.23% - 2.72%; except for Rydex VT Inverse Gov?t Long Bond Fund which is currently 5.12%) plus the fees of any advisor hired. The range of underlying fund ...
Dumping an Annuity
2007-06-18 18:12:00 I had canceled my Money Magazine subscription last month and today was contemplating why I canceled it. Then I got to the article that initiated my cancellation. It was titled; ?All You Really Need to Know about Dumping an annuity? by Denise Topolnicki. This has been an increasing popular title in many articles over the past couple of months. What disturbed me the most about this article was it bundled both equity index annuities and variable annuities together. These are two completely separate investments and need to be identified as such. The variable annuity is a registered product which has standardized rules for sale and is governed by the NASD. A variable annuity product also offers sub-accounts to invest in which gives you significant upside potential along with certain guarantees through living benefits. The equity index annuity is a guaranteed investment that performs as well as a traditional fixed Annuity and is regulated by the states. This product has a minimum guarante...
More Training for Equity Index Annuity Producers in Iowa
2007-06-11 18:55:00 In response to multiple lawsuits filed by 8 states, with more states likely to follow suit, Iowa?s insurance division has issued a new set of rules for equity index annuity producers. Now, in order to sell EIA products in Iowa the producer will have to complete a class covering suitability and other issues EIA?s may bring to the table. The producer must complete this new class by January 1st 2008. This is fairly interesting because the course that the producers have to take will cover the features and benefits available on equity index annuities. It will also cover the basics such as early withdrawals, surrender charges and the advantages and disadvantages of the product. Now, this sounds like a good idea, but how stupid do you think people who sell equity index annuities are? Producers, generally speaking, know how annuities work and how the benefits work and most know these basic things about EIA?s because most annuities work the same way. The only thing different are that they wi... |
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