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News For: Scudder AnnuityNAVA Reports Second Quarter Variable Annuity Industry Data RESTON, Va.----NAVA, the Association for Insured Retirement Solutions��, today announced second quarter results for the variable annuity industry. The combined net assets of U.S. variable annuities increased 0.1% to $1.41 trillion at the end of the second quarter, as compared with the end of the first quarter of 2008. AXA Equitable Promotes Methot To Executive Vice President Claude A Methot has been elected Executive Vice President of Life and Annuity Product Development at AXA Equitable Life Insurance Company. Mr. Methot, a member of the company's Executive Management Committee, is responsible for the strategic development, management and implementation of business plans for AXA Equitable life insurance and annuity products. TRS Investment Funds well-positioned to weather market turmoil The Board of the New York City Teachers��� Retirement System oversees several investment pools on behalf of its members including the Pension Fund and the Tax Deferred Annuity TDA Funds. Citizens National Bank presents annuity proceeds to BPCC Tuesday, in the Chancellor���s Board Room at Bossier Parish Community College, three officials from Citizens National Bank, Woody Schick, bank president, Jason Smith, executive vice president and senior loan officer and Jim Keel, senior vice president and cashier, presented BPCC with a check in the amount of $6,165.00 from Citizens original annuity gift of $150,000.00. Will the Rescue Package Protect Your Savings? Readers deluged columnist Brett Arends in the last week, desperate to know if their life savings and even bank accounts were safe. If this comprehensive new rescue package goes through, the good news is: Yes, you should be safe. Questions, answers for worried AIG policyholders AIG's reach in the economy is huge: It ranks among the top writers of automobile insurance, commercial insurance and life insurance. It led the nation in fixed annuities sold through banks, writing more than $5 billion in 2007. Policyholders have protection The financial problems at American International Group Inc. may be causing you great concern today if you hold an AIG life, health, home or auto insurance policy, or have an annuity with the company. Insurance industry officials and analysts say there's little for policyholders to worry about today, but they say they're watching the situation carefully. They're keeping a close eye, because the ... Buy, Sell, or Stay Put? Advice from the Pros If you're feeling pummeled by market mayhem, you're not alone. With Lehman Brothers leh. filing for bankruptcy, Merrill Lynch selling out, and AIG getting a government bailout, investors have been knocked for a loop. Financial advisers have been fielding phone calls from panicked clients, but the smarter ones called their clients first to put things in perspective. "My issue with my clients ... As finance titans collapse, Americans fear for their life insurance WASHINGTON AFP - Americans who have ploughed their savings into life insurance and annuity-linked pension funds were running scared as financial titans collapsed around them. As finance titans collapse, Americans fear for their life insurance Media gather outside the offices of of troubled insurer American International Group Inc. on September 17, in New York. Americans who have ploughed their savings into life insurance and annuity-linked pension funds have been running scared as financial titans been collapsing around them. |