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February 27, 2024

How AI and information tech are disrupting life insurance advisors

In recent years, robo-advisors and AI-powered algorithms have grown in popularity because they provide automated investment advice and portfolio management at a cheaper cost.

February 27, 2024
Image showing small humanoid game pieces standing atop "giant" jigsaw puzzles pieces. Understanding-available-employee-benefits-helps-advisors-fill-gaps,-study-says (1).

Understanding available employee benefits helps advisors fill gaps, study says

Nearly 70% of workers surveyed will have at least one employer-provided insurance policy in 2024 other than health insurance, a study found.

February 27, 2024
Image shows Calif. Gov. Gavin Newsom and the words "Groups tell Newsom No to annuity sales bill."
California Gov. Gavin Newsom will decide whether to sign a best-interest annuity sales bill.

Gov. Gavin Newsom pressured to veto best interest standard in California

California could become the 45th state to adopt best-interest annuity sales rules if Gov. Gavin Newsom signs the bill.

February 27, 2024
Image of a large maze with a dollar sign in the center, with the skyline of a large financial district beyond. Financial-services-careers-can-take-many-paths.

Financial services careers can take many paths

With more than 6.5 million Americans working in financial services and wealth management, there are many paths to a career in the field beyond being an advisor or a wealth manager.

February 27, 2024
Image of worried person with knives directed at him in front of a background of hundred dollar bills. Will-lower-interest-rates-cut-into-fixed-deferred-annuity-sales-

Will lower interest rates cut into fixed deferred annuity sales?

Expected Fed rate cuts might may shift interest away from fixed-rate deferred annuities, according to industry experts.

February 26, 2024
Image shows older people in an outdoor scene.
Several life insurers cited mortality improvements in the fourth quarter 2023.

Life insurers report improved mortality; actuaries say nothing’s changed

Several life insurers cited mortality improvements in the fourth quarter for helping to improve life insurance earnings at the end of 2023.

February 26, 2024
Illustrated portraits of Biden and Trump. Biden v Trump in 2024: How did we get here?

Trump v Biden 2024: How did we get here?

To borrow some terminology from Starbucks, voter enthusiasm for the next week’s Super Tuesday primary election rapidly went from a venti to a tall, according to Amy Walter, publisher and editor in chief of Cook Political Report.

February 26, 2024
NABIP adopts American Health Consumer Bill of Rights

NABIP adopts American Health Consumer Bill of Rights

Saying that it wants to “put the health back in our health care system,” the National Association of Benefits and Insurance Professionals announced its American Health Consumer Bill of Rights during the 2024 NABIP Capitol Conference on Monday.

February 26, 2024
AI

AI in health care decisions the subject of Georgia bill

Although Georgia State Rep. Mandisha Thomas, D-District 65, said she believes artificial intelligence is “a wonderful tool,” she does not believe AI should have the final word when it comes to health care decisions.

February 26, 2024

NABIP members take concerns about employer-based insurance, health costs to Congress

Members of the National Association of Benefits and Insurance Professionals are asking Congress to preserve and strengthen employer-sponsored health insurance, address the cost of health care, and keep Medicare beneficiaries’ access to advisors and brokers during their annual Capitol Conference.

February 26, 2024
Image shows the Wells Fargo and Ameritas logos against a court background.
A judge is terminating a lawsuit over stranger-originated life insurance after Wells Fargo and Ameritas reached a settlement.

Wells Fargo, Ameritas reach tentative settlement on STOLI lawsuit

Wells Fargo tentatively settled another federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy.

February 26, 2024
Photo of a large, multi-generational family sitting for a family portrait. Generational-wealth--It-requires-discipline-and-focus.

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.

February 23, 2024
Image shows the Genworth logo.
Genworth Financial reported a $230 million loss in Q4.

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.

February 23, 2024
Image of a group of young men and women of color. Investors-of-color-are-entering-the-market-more-quickly-than-whites,-study-finds

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.

February 23, 2024
Image of giant AI-inspired robot walking down the main street in an old western town with cowboys and others watching. In-AI-Wild-West-firms-urged-to-adopt-in-house-policies.

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.

February 22, 2024
Image shows the Jackson logo
Jackson Financial reported strong annuity account values.

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.

February 22, 2024
Image of woman sitting at a desk, with pen in hand, working on finances. Study-finds-women-taking-on-more-financial-responsibility.

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.

February 21, 2024
Image shows the Athene logo
Athene Life & Annuity is the top-selling annuity issuer in the country.

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.

February 21, 2024
Image of health care personnel, as well as health symbols, against a backdrop of $100 bills. Medicare-beneficiaries-need-to-save-even-more-for-health-expenses.

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.

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