Monday, May 10, 2010
Big insurers launching fee-based annuities
Sensing demand, they ready products that are lower-cost, simpler
In an attempt to appeal to dually registered advisers, major life insurers are launching fee-based annuities.
Allianz Life Insurance Company of North America said May 1 that it had filed a registration statement with the Securities and Exchange Commission for a fee-based variable annuity. Allianz also is considering the introduction of a similar product next year for registered investment advisers. The product would involve having a custodian hold the annuity...
Investment News: Big insurers launching fee-based annuities
In an attempt to appeal to dually registered advisers, major life insurers are launching fee-based annuities.
Allianz Life Insurance Company of North America said May 1 that it had filed a registration statement with the Securities and Exchange Commission for a fee-based variable annuity. Allianz also is considering the introduction of a similar product next year for registered investment advisers. The product would involve having a custodian hold the annuity...
Investment News: Big insurers launching fee-based annuities
Permalink posted by markw @ 4:47 AM 
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