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"It's almost like an annuity business".
Allmerica, especially, would add to Lincoln National's variable annuity business.
The annuity business in particular has become a blatant rip-off: call it twilight robbery.
But fewer and fewer employers want to be running an annuity business on the side.
That, as they say in the annuity business, is a hell of a deal.
AXA said the sale included its traditional life and pensions business in Britain and its annuity business.
Similar(7)
I like annuity businesses and I like consumable products: toothpaste or toilet paper.
Such annuity businesses include services that support essential client operations like billing.
We acquired Banco Santander's pension and annuity businesses in five countries and doubled our assets under management.
Annuity businesses will need to adjust to an environment where volumes of new business could be considerably lower than previously expected".
Major insurers posted mixed results on Wednesday as the Allstate Corporation fell short of estimates because of catastrophe-related losses, while the life insurers MetLife and Prudential Financial had stronger results, helped by returns on their annuity businesses.
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CEO of Professional Science Editing for Scientists @ prosciediting.com