Generational wealth: It requires discipline and focus
Generational wealth is “when you’re OK, you can do something for someone else,” Gerald Grant II said.
Despite Q4 $230M loss, Genworth cites strategic advances
Genworth Financial pleased with the company’s fourth quarter financial results despite reporting a $230 million loss.
Study: Investors of color entering market more quickly than whites
Investors of color are entering the market at a faster pace than white investors, according to a recent FINRA study.
In AI ‘Wild West,’ firms urged to adopt in-house policies
In the absence of regulation on generative AI, businesses and independent professionals should create ethical use policies, one expert says.
Jackson Financial rides out Q4 loss with solid sales and capital, new reinsurer
Jackson Financial executives touted the potential for Brooke Re, a wholly owned reinsurer established in January, while explaining a large fourth-quarter loss.
Women assuming more financial power, responsibility, study finds
Women are assuming more financial responsibility, with 49% considering themselves to be the CFOs of their household.
Athene execs unbothered by regulatory, interest rate headwinds
Coming off a monster annuity sales year, Athene executives discussed why they plan to keep winning despite brewing headwinds.
Medicare beneficiaries need to save even more for health expenses
Medicare beneficiaries need to save even more for their health expenses as a new research report from the Employee Benefit Research Institute finds that the amount of money Medicare beneficiaries could need for health expenses increased again in 2023.
LIMRA: Life insurance new premium set a 2023 record for third straight year
Life insurance new premium rose to even higher in 2023, LIMRA reported today, setting a record for the third straight year.
Regulators debate who would pay and how much in LTC rate review plan
One of the biggest hurdles to setting long-term care rate review policy is how to fairly assess the increases, regulators say.
NAIC group to fire up dormant work on accelerated underwriting guidance
A panel of state insurance regulators is getting back to work on accelerated underwriting guidance for states to consider.
A financial services career is more than planning
Financial services needs talent in several areas – not just in planning, a pair of Schwab leaders said.
Regulators dive into reinsurance asset testing, find plenty of blowback
State insurance regulators are moving quickly to address and reserving held by life insurers involved in reinsurance transactions. Too quick for some.
Study looks at financial challenges faced by Hispanic workers
While many American workers report increased burnout and financial challenges, Hispanics face these issues at a higher rate.
Prior authorization rules don’t apply to employer-based health insurance
Prior authorization rules will not affect the largest number of Americans who have health insurance – the 158 million who receive insurance from their employer.
Column: Boosting retirement income with annuities
Fear of the unknown can lead to missed opportunities throughout our lives, including in financial planning.
Harnessing AI to combat fraud, waste and abuse
Health care fraud, waste and abuse – also known as FWA – has reached epic proportions.
J&J drug pricing lawsuit seeks class action status
Lawsuit accuses drug giant Johnson & Johnson of mismanaging its employee benefits program and overcharging for drugs.
Hearing speakers trade barbs on whether DOL fiduciary rule hurts or helps
A House committee revived debate over the Department of Labor fiduciary rule Thursday, leading to extended discussion on what is best for retirement savers.
