annuities
Life insurance and annuities: Positive growth seen for 2012Posted by RJ and Makay on Mar 19, 2012 |
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The life insurance and annuities industry, one of the largest sources of investment capital in the U.S., is expected to return to positive growth in 2012, according to the Federal Reserve. Businesses, governments and other organizations rely on life insurers to finance operations. Industry revenues were hurt by the subprime mortgage crisis and financial market collapse. Revenue fell at an average annual rate of 6.2% to $745.6 billion in the five years leading up to 2012.
“Rising to Today's Challenges” is the theme of this year’s 2012 Retirement Industry Conference to be held in Orlando, Florida from April 25 to 27. Attendees will learn about the latest industry best practices in management, operations and marketing and gain insights on how to best achieve business goals. Top retirement industry business leaders will lead a series of workshops on this growing industry segment.
The U.S. Treasury Department announced recently that it would facilitate the expansion of annuities and other guaranteed lifetime income products for retirement plans. The department has put forward two regulations that will make it easier to purchase an annuity through company-funded pensions or 401(k) accounts. Annuities pay out guaranteed lifetime income streams in exchange for a lump sum up-front payment.
