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].
A California insurance agent is accused of selling an annuity to a man diagnosed with dementia and then helping the man’s relative withdraw $700,000 from the annuity, incurring $92,000 in charges.
Grow, specialize, merge or die. That’s the message to broker-dealers struggling with thinning profit margins, according to a new report by Cerulli Associates.
Eighty seven percent of workers whose employer enables them to manage life in and outside of work are more loyal and satisfied, according to a MetLife survey that found workers want to be treated like whole people.
As workers struggle with ever-increasing deductibles and co-pays for hospitalization, employers can help with a benefit that steps in if an employee needs it. The Unum plan would offer 10 levels of fixed cash benefits ranging between $500 and $5,000 per person per calendar year.
First quarter sales of Brighthouse Financial’s Shield brand of index-linked annuities soared 59 percent over the year-ago period to $729 million.
Lincoln Financial is jumping into the booming buffered variable annuity market with its first product next month.
A mystery shopper found that insurance companies are not putting their best selves forward online. Most of the shortcomings arise from the lack of follow-through.
Leading insurance company execs are cautiously optimistic that the near death of the Department of Labor fiduciary rule will result in a much better rule from other regulators.
MetLife has a four-point plan to find annuitants after the company discovered it failed to pay nearly a half a billion dollars over decades.
Voya Financial will save up to $130 million in annual expenses after the company sells its annuity business, chairman and…
Agent pruning and lower unemployment may be factors in the falling agent count at Bankers Life, said CNO Financial CEO…
Nearly half of the inquiries from advisors for an annuity quote involved a return of premium option, according to Cannex.
Nationwide is offering fee-based advisors a hub to manage annuities the company sells. The site, hosted by Nationwide Advisory Solutions,…
Workers want advisors to help them plan for rising health care costs and long-term care needs, a new survey found. Many workers give their own advisor high marks for planning.
Employees are interested in annuities and might need that guaranteed source of income as the first wave of workers lacking company pensions moves closer to retirement. A new survey reveals shifting attitudes.
Long-term care insurance claims originating from people in assisted living facilities is on the rise, according to new data.
Variable annuities continued a long slide in 2017, but Morningstar is finding hope in several factors this year. The downed Department of Labor fiduciary rule and rising interest rates are key.
First-quarter RIA mergers and acquisitions rocketed to a record 47 deals, bouncing back from 33 deals in the fourth quarter, according to new data.
Jackson National is adding staff to grow its financial advisor distribution of fee-based variable annuities.
Gerber Life would be a good fit for middle income life and health insurer Torchmark, a company executive said recently….
