Atlantic Coast Life – Annuity Rate decrease Effective 7/01/2017
Atlantic Coast Life – Annuity Rate decrease Effective 7/01/2017 Based on current market conditions Atlantic Coast Life is lowering the crediting rates on the Safe Haven and Safe Harbor Bonus Guarantee Annuities. Effective July 1, 2017, the 5, 6, 7, 10, and 20-year rates will be reduced by 10 bps. Important Dates to Remember June 30, […]
Sentinel Security Life Annuity Rate decrease Effective 7/01/2017
Personal Choice – MYGA Rate Adjustment Effective 07/01/2017 Based on current market conditions we are lowering the crediting rates on the Sentinel Personal Choice Annuity. Effective July 1, 2017, the 5-year, 7-year and 10-year rates will be reduced by 10 bps. Summit Bonus Index – Indexing Strategy Caps Adjustment Effective 07/01/2017 Based on current market […]
The 3.10%* MYGA Interest Rate Special is Back!
The 3.10%* MYGA Interest Rate Special is Back! Back by Popular Demand – 3.10% MYGA Interest Rate Fidelity & Guaranty Life’s FG Guarantee-Platinum single premium fixed deferred annuity with a five-year guarantee period will increase to 3.10%. The 3.10% enhanced rate offers the following to your clients, all at no cost! Full accumulation value at […]
Census Bureau Starts Annuity Stream
Census Bureau Starts Annuity Stream By Allison Bell – ThinkAdvisor – June 2, 2017 Only 4.6% of U.S. households have annuities or trusts, but they had an average of $180,271 in annuity and trust assets each, and the median value of trust and annuity assets was $60,000 nationwide. The Census Bureau published those figures Thursday in the first […]
Acosta Declines to Extend Delay of DOL Fiduciary Rule
Acosta Declines to Extend Delay of DOL Fiduciary Rule Labor Secretary finds no legal basis to delay implementation; rule to become applicable June 9 By Mark Schoeff – InvestmentNews – May 23, 2017 Labor Secretary Alexander Acosta confirmed Monday night that the agency’s fiduciary rule will become applicable on June 9. “We have carefully considered […]
House committee approves Dodd-Frank replacement bill that includes repeal of DOL fiduciary rule
The Financial CHOICE Act also makes substantial changes affecting many regulators, including the Securities and Exchange Commission By Hazel Bradford – InvestmentNews – May 5, 2017 A replacement for much of the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by the House Financial Services Committee on Thursday. The vote was 34-26 along party […]
Industry groups tell Acosta to make extension of DOL fiduciary rule delay his first order of business
Senate approves Trump’s nominee as DOL secretary, 60-38 By Mark Schoeff – InvestmentNews – Paril28, 2017 Financial industry groups wasted no time telling Alexander Acosta what his first priority should be upon winning confirmation from the Senate as secretary of Labor Thursday night: Extend the delay of the DOL fiduciary rule. Mr. Acosta takes the […]
