In a low-interest-rate environment, insurers have been purchasing privately issued bonds in order to earn higher yields. State regulators are now requesting more information about these investments, which underpin many Americans’ life insurance policies. Beginning in January, insurers will be required to file information about the credit ratings of privately issued bonds that they purchase.… Continue reading Regulators Seek Rating Details for Privately Issued Bonds Held by Insurers
Tag: life insurance policies
Life Insurance Policies Increasingly Owned by Private Equity, Asset-Management and Investment Firms
Americans own more than 160 million individual life insurance and annuity policies. A big, unexpected change is ahead for many of them. Traditional life insurers are leaving the business in droves. The responsibility for death benefits, which might be a half-century away, or for annuity income streams that run over decades, is increasingly in the… Continue reading Life Insurance Policies Increasingly Owned by Private Equity, Asset-Management and Investment Firms