Cyril Tuohy is a writer based in Pennsylvania. He has covered the financial services industry for more than 15 years. He can be reached at [email protected].
Operating income for 15 U.S. publicly traded life insurers declined 10 percent in 2016, a development with far-reaching implications, Fitch Ratings reported.
Agents and financial advisors have shown more interest in life-only and cash refund guarantee options available with income annuities in the first quarter compared with this time a year-ago, new data show.
Rising interest rates have helped push payment yields for income annuities to their highest levels in nearly six months.
Or will it be the other way around?
The percentage of employers outsourcing both short-term disability (STD) and Family Medical Leave Act (FMLA) administration doubled in 2016 compared with two years ago, a new survey found. Insurance companies are among the biggest beneficiaries of this trend.
Pacific Life bested rival Transamerica as the top seller of indexed universal life (IUL) insurance sales in the fourth quarter 2016.
The number of new short-term care insurance claims opened in 2016 rose 23.4 percent compared to 2015, according to new data.
Athene USA is the big winner in the indexed annuity sales tally for the fourth quarter 2016. Will the product continue strong sales in the face of regulatory pressure?
The scars of the Great Recession are still present for many baby boomers. But what can advisors do to heal the financial wounds?
A flood of new income riders attached to fixed annuities powered the product segment to record sales of $117.4 billion last year. Does the popular annuity have legs?
MetLife beefs up small-group benefits by adding life and disability options. Employers are fee to mix and match the benefits that suit them best and pay through tiered options.
Variable annuities have long been hot sellers for agents, but times have changed. Regulations and other pressures have squeezed the VA market. But the products aren’t likely to disappear, analysts say.
A record 30 percent of individual life insurance policyholders own a mix of term and permanent life, an increase of 12 percent in six years.
Short-term care insurance policies are showing robust growth as agents who sell Medicare insurance solutions are turning to STCi to help fill coverage gaps for seniors.
The number of U.S. households likely to buy an annuity rose 3 percent to 2.76 million in 2016 compared with 2013, an analysis of the annuity market has found.
Companies are unveiling new products after spending some time retooling their indexed universal life lineups.
Tax loss harvesting involves selling stocks, bonds, mutual funds or other investments that have lost value to trim taxes on realized capital gains from winning investments.
In 2005, President Donald J. Trump paid $31.3 million under a controversial tax law known as Alternative Minimum Tax. Passed in 1969, one advisor says the AMT “is neither alternative, nor minimum” and is hitting middle-class families.
Lawmakers’ actions appear to cast doubt on the safe harbor status of auto-IRA plans.
Indexed universal life (IUL) sales dipped 1.3 percent to $534.5 million in the fourth quarter 2016 compared to the year-ago period. The drop was due primarily to declines from two sellers, according to industry tracker “Wink’s Sales & Market Report.”
