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Contrary to the widespread belief, major life events dont lead to a life insurance purchase. In fact, six in 10 new parents and seven in 10 newly wed or divorced couples dont shop or buy life insurance within two years, according to new LIMRA research.

Transamerica Retirement Solutions released a white paper looking at plan sponsors critical responsibilities in the areas of investment choice selection and monitoring and examines the resources available to help them manage these duties.

Total sales of annuity products reached $219 billion in 2012the lowest level since 2005, according to LIMRA.

Total individual life insurance new annualized premium grew 6 percent in 2012marking the third straight year of growth, LIMRA reported Thursday.

Fee disclosure rules have had little to no impact on plan participants when it comes to knowing what they pay in fees and expenses on their defined contribution plans.

Annuity sales over all were down for the last quarter of 2012, but LIMRA found deferred and indexed annuities were among the most successful classes.

New research by LIMRA found that Generations X and Y don't know much about investing or financial products.

Advisors will face an abundance of opportunity as the investible assets of U.S. households is set to double in less than two decades.