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Saturday, December 10, 2005

Indexed Annuities - annuities sales to seniors


State files complaint over annuities sales to seniors
Boston Globe, United States - Nov 16, 2005 of improperly steering elderly clients into buying equity-indexed annuities that were unsuitable investments. An administrative

The Value Of Annuities
Business Wire (press release), CA - Nov 29, 2005 --(BUSINESS WIRE)--With life expectancies increasing dramatically in the last twenty years, a major fear of retirees is outliving their money.

Prudential in talks to buy Equitable's annuities
Economic Times, India - Nov 13, 2005 LONDON: Britain�s second-largest life insurer, Prudential, is in talks with mutual insurer Equitable Life about buying its stock of annuities, which are

Money talk : Deciding on annuities is a matter of timing
Arkansas Democrat-Gazette (subscription), AR - Dec 4, 2005 high annual returns on these products because they know a certain percentage of investors will die before their payments equal the annuities� purchase price.

Prudential runs slide rule over �7bn of annuities
Telegraph.co.uk, United Kingdom - Nov 13, 2005 Prudential is in talks with troubled mutual insurer Equitable Life and at least two other insurers about buying up books of annuities.

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