Zachary James Flaherty, 48, of Clive, Iowa, was sentenced on June 12 to 222 months (18.5 years) in prison after…
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Life settlements: 8 things clients should know
Life settlements are often a source of misinformation and confusion for clients.
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.
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.
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.
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.