A new annuity gives some of the appeal of indexed annuities to traditional annuities by linking to the LIBOR. How can an annuity offer the promise of gain from indexed products with the simplicity of a traditional annuity?
A 54-year-old California insurance agent was arrested for allegedly signing up more than 20 people for life insurance policies without their knowledge or consent, the California Department of Insurance (CDI) has announced. By Cyril Tuohy
A new study by Genworth has found that 53 percent of U.S. adults have not started to make financial arrangements for retirement. Furthermore, 40 percent of respondents said their biggest financial regret is not having saved enough for retirement. In another survey, about one-third of American adults don't have any emergency savings according to the national nonprofit NeighborWorks America.