Malibu Life Expands Into Annuities with TruSpire Acquisition and Sector Moves by Pacific Life and Lincoln Financial

Malibu Life Holdings Ltd, recently re-established as an insurance holding company, has agreed to acquire TruSpire Retirement Insurance Co. This acquisition will allow Malibu Life to enter the direct annuity issuance sector, expecting to launch operations by the first half of 2026. TruSpire, formerly owned by Mutual of America Life Insurance Co, is licensed in 44 states, domiciled in Texas, and holds a B++ rating from AM Best, indicating strong financial stability. Meanwhile, Pacific Life has resolved a lawsuit related to indexed universal life products and is expanding its product offerings to include fixed index annuities. Lincoln Financial is making progress with its Rila platform, further diversifying its retirement solutions.