Annuity

Reserves ceded to life & annuity sidecars neared $55bn in 2023: AM Best – Go Health Pro

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Reserves ceded to life & annuity sidecars neared bn in 2023: AM Best – Go Health Pro

According to ratings agency AM Best, reinsurance leverage and surplus relief has risen significantly in recent years, driven by strong annuity premium growth, which has driven additional capital to the market, while a number of life and annuity (L/A) insurers have established sidecars to manage expansion and risk-based capitalisation.In fact, the agency states that total … Read more

Using A 1035 Exchange To Turn An Unneeded Life Insurance Policy Into An Annuity – Go Health Pro

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Using A 1035 Exchange To Turn An Unneeded Life Insurance Policy Into An Annuity – Go Health Pro

Occasionally, an owner of a permanent life insurance policy may decide that they no longer need their policy – either because the death benefit is no longer necessary or because they simply want to access the policy’s underlying cash value for their living expenses in retirement. Unlike term life insurance, permanent life insurance doesn’t simply … Read more

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