John Yanchus of Canada Life says annuities are increasingly popular in the current economic climate, and they have a lot going for them
Clients can see annuities as an attractive alternative to managing their own retirement investments
FSRA brought similar allegations against the agent earlier this year
Retired and near-retired clients are attracted by the products’ low risk and predictable income
Causes of SVB failure unique to banks but some life insurance contracts with investment features are liquid, report says
These annuities are designed to help clients reduce longevity risk. Pension experts call for wider availability
Also, annuity and seg fund premiums increased 21%
Annuity returns can range from disappointing to surprising
Clients may feel they’re leaving money on the table with annuities, but that’s often not the case
The insurer unlocked $2 billion in capital by offloading the bulk of its U.S. variable annuity book