Non-Annuity Income Products Start To Bite

Variable annuity market share could feel the pinch

September 8, 2008
BY JOSEPH MONTMINY AND MATTHEW DRINKWATER

Variable annuities represent a major share of the retirement income market. But that position may be under threat by new, non-annuity retirement income products.

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STOLI Bill Passes In California

September 8, 2008
BY ALLISON BELL

Members of the California Senate voted 35-1 to approve S.B. 1543, a bill that would define “stranger-originated life insurance” and classify the creation of STOLI arrangements as a fraudulent act.

Florida Dept. Considering Bill To Curtail STOLI Transactions

September 8, 2008
BY JIM CONNOLLY

The Florida insurance department is considering introducing legislation during the 2009 legislative session that would curtail stranger-originated life insurance.