Financial advisors, where have you gone? The next time financial advisors sing the blues about falling life insurance premiums, ask them when they last reached out to an African-American prospect. Chances are they probably haven’t. But they should…
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The conventional wisdom is that there’s little money to be made in the small plan 401(k) market, and even less profit to be made in the micro plan retirement market. Economies of scale don’t work as well there as with larger plans, the theory goes…
For more than 10 million participants with multiemployer retirement pension plans, the past four years have been a difficult and frightful ride…
Nearly one out of two (46 percent) 403(b) retirement plan sponsors retained an independent investment advisor to assist with fiduciary responsibility last year…
LPL Financial, which offers a technology platform to help financial advisors increase their business, has agreed to pay a total of $9 million in fines and restitution for e-mail failures over a five-year period…
Uncertainty may follow this week’s news that New York officials have subpoenaed several firms that have interests in private equity purchase of fixed annuity companies or businesses…
With the enrollment period for health care coverage under the Affordable Care Act (ACA) little more than four months away, employers are gearing up to inform their workers of the big changes ahead…
For all the talk about the ability of massive amounts of information to transform the competitive landscape, insurance companies remain stubbornly pragmatic in their approach to big data, a pair of industry consultants said…
The level of life insurance protection accumulated by an African-American household is twice as important an indicator of financial confidence as in the general U.S. population, a new Prudential study of the financial habits of African-Americans has found…
Low interest rates, product trends and the great American retirement crisis were top of mind during the Life Insurance and Retirement Industry conferences April 15-19 in New Orleans. Contributing Editor Linda Koco was on the scene and taking the pulse of the industry…
Knowledge of Social Security benefits and other offerings of the nation’s most important retirement program varies widely among middle-income Americans who are nearing retirement, according to a recent survey…
Even though Americans are living longer, the risks and financial responsibilities associated with longevity are not frequent topics of discussion for many middle-income Americans…
A Portland-based law firm has filed a class-action lawsuit in a federal court in Oregon against Bankers Life, alleging that the insurer has a habit of denying long-term care benefits to the elderly…
Retired Verizon Communications employees whose pension benefit payments were transferred to Prudential through an innovative group annuity contract have won the right to proceed with a class-action lawsuit…
Traditional employers, particularly those with more than 50 workers, are unlikely to make any major changes to health insurance benefits as we go into 2014 and the viability of health insurance exchanges under the Affordable Care Act is tested…
Annuities face an uncertain future but, for the class known as income annuities, demand may be growing…
More than three decades after it severed the relationship, Texas Farm Bureau Insurance has teamed with Blue Cross and Blue Shield of Texas to provide health care coverage to its members…
Richard Drazien thought he knew life insurance after 50 years in and around the business. But it wasn’t until a few years ago that he learned about a company selling a product that allowed policyholders to access a portion of the death benefit while alive, at no extra cost…
Health plans in Minnesota paid nearly $19 billion for medical care on behalf of their members in 2012, an increase of $1.3 billion, or 7 percent, over the previous year…
Richard Drazien thought he knew life insurance after 50 years in and around the business. But it wasn’t until a few years ago that he learned about a company selling a product that allowed policyholders to access a portion of the death benefit while alive, at no extra cost…
