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StanCorp's Standard Insurance purchased part of Teachers Insurance and Annuity Association (TIAA) group life and disability portfolio in 2002 for $75 million. [ 6 ] In May 2004, Ron Timpe was succeeded by CEO Eric Parsons as the company's chairman of the board of directors.
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Standard Insurance Company, also branded as The Standard, is an American insurance and financial company which is a subsidiary of StanCorp Financial Group, headquartered in Portland, Oregon. On July 23, 2015, Meiji Yasuda , a Japanese mutual insurance group, made an offer to purchase Stancorp Financial for $5 billion.
Many annuity companies have relatively low minimum premiums, often as low as $2,500 to $5,000 for some types of fixed annuities and around $10,000 to $15,000 for variable annuities.
Annuity suitability and best practices standard. When selling annuities, agents must adhere to a “best interest” standard, which is less stringent than a fiduciary standard.
State. Free look minimum requirement . Alabama. 15 days. Free look period is only granted if the insurer fails to provide an annuity buyer’s guide and disclosure document at or before the ...
Towards the end of the month, Standard Life completed the acquisition for a fee of £390 million. [12] In September 2014, Standard Life agreed to sell its Canadian operations to The Manufacturers Life Insurance Company, a subsidiary of Manulife Financial Corporation. [13] It completed this sale on 30 January 2015 for a cash consideration of C$4 ...
A fixed annuity is a long-term investment that provides a predictable income stream. Offered by insurance companies, banks and other financial institutions, it guarantees a fixed interest rate and ...