Product & Annuity News

COVID-19 Update 3/25/20

March 25, 2020/in Annuity News, The Life And Annuity Shop News

Work from home transition We continue to actively monitor the spread of COVID-19 and we successfully have 60% of our employees working from the safety of their homes. As we make the final push to get our remaining employees to work from home, we will be transitioning our remaining employees today 3/25/20 and tomorrow 3/26/20. […]

Message regarding our Coronavirus Response

March 20, 2020/in Annuity News, The Life And Annuity Shop News

At The Life and Annuity Shop, LLC., the safety, health and well-being of our community, agent partners, and associates is our top priority. Like you, we are closely monitoring the quickly developing effects of the Coronavirus (COVID-19) pandemic, and adapting the way we do business accordingly. As COVID-19 continues to evolve and spread throughout the […]

IRS Delays Tax Payment Deadline for 90 Days

March 19, 2020/in Annuity News

IRS Delays Tax Payment Deadline for 90 Days March 18, 2020 by Melanie Waddell Treasury Secretary Steve Mnuchin announced Tuesday that individuals would be allowed to defer up to $1 million in tax payments for up to 90 days. He also said the administration was considering sending checks to Americans. “We encourage those Americans who […]

ECHOES OF 2008: ANNUITIES SURGE WHEN EQUITIES CRASH

March 19, 2020/in Annuity News

ECHOES OF 2008: ANNUITIES SURGE WHEN EQUITIES CRASH March 18, 2020 by Steve Morelli The past few weeks of dramatic news might sound eerily similar to the 2008 crash, but there are some key differences for annuities, as well as some positive similarities. Click HERE to read the full story via INN ………………………………………………………………………………… Sheryl Moore, […]

5.7-magnitude earthquake strikes near Salt Lake City, state’s largest quake since 1992

March 18, 2020/in Annuity News

The quake was reported shortly after 7 a.m. local time. By Emily Shapiro March 18, 2020, 10:10 AM Originally posted on abcnews.go.com Continue reading We normally don’t post news like this but this will affect several of our carriers that are headquartered in Salt Lake City UT. Namely, Atlantic Coast Life, Sentinel Security Life and […]

Interest Rate Alert

March 6, 2020/in Annuity News, Annuity Products

Dear Valued Producer, I wanted to make sure all of you are aware of the dramatic recent changes in the financial markets, especially the bond market. The yield on the 10 year treasury has been declining for the last month but the decreases in yields have really accelerated over the past 5 days. • On […]

Top Ranked MYGA

February 26, 2020/in Annuity News, Annuity Products

AM Best Assigns Credit Ratings to Oceanview Life and Annuity Company and Oceanview Reinsurance Ltd.

January 24, 2020/in Annuity News

AM Best Assigns Credit Ratings to Oceanview Life and Annuity Company and Oceanview Reinsurance Ltd. Originally Posted On Businesswire.com November 13, 2019 04:57 PM Eastern Standard Time OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Oceanview Life and Annuity Company […]

AM Best Upgrades Credit Ratings of Equitable Life & Casualty Insurance Company

October 3, 2019/in Annuity News

October 03, 2019 03:16 PM Eastern Daylight Time OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Rating to “bbb-” from “bb+” of Equitable Life & Casualty Insurance Company (Equitable) (Salt Lake City, UT). The outlook of these Credit Ratings (ratings) has been […]