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From the Field: Expert Insights RSS Get our newsletter

Iowa insurance agent sentenced to 18.5 years in prison for defrauding seniors

June 17, 2024

Zachary James Flaherty, 48, of Clive, Iowa, was sentenced on June 12 to 222 months (18.5 years) in prison after…

June 17, 2024
Image shows a life insurance application with an "approved" logo over top.
The life insurance industry has long worked to achieve accelerated underwriting.

Advocate concerned that NAIC accelerated underwriting effort lacks teeth

After putting accelerated underwriting aside for a year, state insurance regulators are out with tentative guidance on the topic.

June 14, 2024
Image shows the words "Globe Life Data Breach."
Globe Life says policyholder data may have been accessed via its web portal.

Globe Life reports web portal breach as troubling year continues

Globe Life Insurance Co. self-reported a potential web portal breach Friday, the latest in a series of troubling incidents for the company.

June 14, 2024
Illustration showing investors of all ages. AI-with-your-financial-planning-Heres-what-various-generations-say.

AI with your financial planning? Here’s what various generations say

About half Gen Z’ers and millennials are excited about how AI could impact their financial lives. What about older Americans?

June 13, 2024
Image shows the words "Life Sales Fall In Quarter."
Whole life sales fell quarter over quarter and year over year in Q1.

Whole life down as life insurance sales slump in Q1, Wink reports

Whole life sales hit $1 billion for the quarter, down 12.8% compared with the previous quarter, Wink reported.

June 13, 2024
Image shows the words "IUL" and a courtroom scene.
A South Carolina couple say they didn't know the full story about IUL when they bought a policy.

South Carolina couple sue advisor, Symetra over IUL-funded plan

A South Carolina couple claims that using an indexed universal life policy in a retirement planning strategy cost them substantial life savings.

June 12, 2024
Image shows a man's face behind a picture of a frozen screen.
Freezing your credit might be a wise decision in some situations.

Safeguarding your retirement: Why and how to freeze your credit

As you embark on your well-deserved retirement journey, it’s crucial to safeguard your hard-earned savings from potential threats, including financial fraud.

June 12, 2024
Image shows a garbge can with email symbols.
Two insurers are suing AM Best over a potential ratings downgrade.

Insurers, AM Best trade accusations in lawsuit over ratings downgrade

A pair of life insurers suing AM Best over a potential ratings downgrade say the defendant is refusing to share emails related to the controversial move.

June 11, 2024

Juno launches first child disability product in the U.S.

Juno is a workplace benefit that offers parents a flexible cash benefit to help with expenses involved in raising a child with a severe illness or disability.

June 11, 2024
Image of the term "RILA" with flames and fireworks all around. Goldman-Sachs-survey-finds-RILA-acceptance-rise-meteoric.

Goldman Sachs survey finds RILA acceptance, rise ‘meteoric’

Annuity sellers are emphasizing value propositions that strike a balance between managing downside risk while offering upside participation.

June 10, 2024
Image shows the Corebridge Financial logo on an egg in a nest
Corebridge Financial is finally a standalone company.

AIG takes final step to complete Corebridge separation

American International Group (AIG) has completed the long-anticipated separation of Corebridge Financial, its former life and retirement unit.

June 10, 2024
Image showing the words "Consumer Watchdog" with a background filled with large eyeballs. Calif.-watchdog-group-taking-in-millions,-but-is-it-saving-consumers-billions.

Calif. watchdog group taking in millions, but may be saving consumers billions

A law that gives Californians a direct roll in what insurance companies can charge has benefited the consumer group that wrote the law.

June 7, 2024
Image shows the Department of Labor logo
Plaintiffs are asking for a quick court decision on a request to stop the DOL fiduciary rule from taking effect.

FACC reminds court that DOL fiduciary rule injunction decision is urgent

The Federation of Americans for Consumer Choice asked Judge Jeremy D. Kernodle this week to make his injunction decision as soon as possible.

June 7, 2024
Words "Buy/Sell Agreements" against a backdrop of a facade of a judicial building. Supreme-Court-decision-could-impact-buy-sell-agreements.

Supreme Court’s Connelly decision could impact buy-sell agreements

Connelly v. U.S. questioned whether the proceeds of a life insurance policy taken out by a closely held company on a shareholder constitutes an asset of the company when calculating the value of the shareholder’s shares for purposes of the federal estate tax.

June 7, 2024

Life settlements: 8 things clients should know

Life settlements are often a source of misinformation and confusion for clients.

June 7, 2024
Image of the Cover Genius logo. Cover-Genius-actively-investing-in-AI-as-part-of-customer-satisfaction-strategy.

Cover Genius ‘actively investing’ in AI as part of customer satisfaction strategy

Cover Genius recently secured $80 million in Series E funding as the company leans into AI as a differentiator.

June 6, 2024
Image of the Department of Labor logo against a background of financial charts and graphs. Coming-DOL-fiduciary-rule-likely-pushing-annuity-sales-higher-Wink-says.

Coming DOL fiduciary rule likely pushing annuity sales higher, Wink says

Deferred annuity sales were up nearly 19% in the first quarter over the same period last year, Wink, Inc. reported today.

June 6, 2024
Image shows the John Hancock and Annexus logos.
Annexus is collaborating with John Hancock on a new IUL product.

Annexus partners with John Hancock to bolster IUL product

Annexus is combining its indices with John Hancock’s longstanding life insurance expertise to bring a retooled indexed universal life product to market.

June 6, 2024
Image of a member of Gen Z surrounded by symbols for various communications strategies. 3 ways for financial advisors to connect with Gen Z other than social media.

3 ways for financial advisors to connect with Gen Z other than social media

While building a social media following is important, one expert recommends a triple-action approach beyond social media.

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