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December 15, 2023
Illustration of a figure in a business suite surrounded by futuristic computers and equipment.

MDRT finds financial advisors quick to adopt generative AI

Advisors are adopting AI rapidly, with 8 out of 10 advisors surveyed by MDRT saying they use it for at least one professional purpose.

December 15, 2023
Images asks, "what's next."
The Department of Labor's public hearing on its fiduciary rule generated plenty of criticism.

What’s next for the Department of Labor fiduciary rule proposal?

Now that the Department of Labor’s two-day public hearing is over, Jan. 2 is the next big date for its controversial fiduciary rule proposal.

December 15, 2023

Tech innovation will drive your wealth management practice to greater success

As you consider how you will invest in new digital solutions and technology in the new year, I suggest looking at these areas to help identify how you can continue to innovate in this disruptive market.

LIMRA: Workplace benefits sales remain up after first 9 months of 2023

December 14, 2023

Despite mixed results in the third quarter, new annualized premium for workplace life insurance, disability insurance and supplemental health products remain ahead of 2022’s pace through the first nine months of 2023, according to LIMRA’s workplace benefits sales surveys.

December 14, 2023
Image of couple standing in front of a storm-damaged home contemplating their loss.

For first time, severe storm losses through Q3 top $50B

Insured losses from severe storms in the U.S. for the first time surpassed $50 billion through the end of Q3.

December 14, 2023

Health care sharing plans: Is there a better option?

Health care sharing plans have grown in popularity but there are some risks involved with them.

December 14, 2023
Image shows the CFP logo over a a pair of hands filling out a form.
The CFP reminds members that its codes and standards take precedence over any best-interest rules.

CFP Board reminds advisors of the differences between fiduciary and best interest

As more states rush to adopt best-interest annuity sales standards, the Certified Financial Planner Board of Standards is reminding members that it has a higher standard.

December 13, 2023
Image of a dollar bill with up and down arrows on either side of a percent sign.

Fed stands pat; markets jump

After incrementally doubling interest rates to the highest levels in 22 years, the Fed, for the third month in a row, decided to stand pat.

December 13, 2023
Image shows the NAFA and DOL logos in a courtroom scene
Department of Labor regulators are finishing up a two-day public hearing on its fiduciary rule proposal.

DOL officials push redefinition of ‘trust and confidence’ in fiduciary hearing clash

Department of Labor officials potentially previewed its legal strategy during a pointed exchange Wednesday morning over the details of its controversial fiduciary rule proposal.

December 13, 2023
Image of a suspicious figure in a hoodie in front of the U.S. Capitol building.

U.S. to study possible federal cyber insurance program

U.S. Treasury Department to initiate further studies on the need for a federal cyber insurance program or “backstop.”

December 13, 2023

Retirement health care planning and Medicare premiums: Advisor takeaways for 2024

Medicare premium increases are among the health care costs that advisors must help clients budget for in planning for retirement expenses.

December 12, 2023
Cigna Humana

Cigna, Humana put the brakes on possible merger

Cigna and Humana are holding off on a possible merger while Cigna focuses on $10 billion buyback.

December 12, 2023
Image shows the Department of Labor logo over an office scene
The Department of Labor kicked off a two-day public hearing on its controversial fiduciary rule this morning.

DOL fiduciary rule ‘unnecessary’ and ‘likely to be vacated,’ speaker says

Department of Labor officials kicked off a two-day public hearing with lavish praise and withering criticism of its polarizing fiduciary rule package.

December 12, 2023
life insurance

IUL sales have fifth quarter of double-digit growth as individual life premium rises 4% in 3Q

A strong economy and falling inflation sparked demand for life insurance in mid-2023, and that showed up in LIMRA’s third-quarter individual life premium surveys and estimates.

December 12, 2023

The power of life insurance in enabling tomorrow’s wealth transfer

Life insurance has the power to impact an aging population and its beneficiaries.

December 12, 2023
Workman in working gear superimposed over image of a court building.

N.Y. case may set commercial insurers precedent

A N.Y. lawsuit may have scored a precedent-setting win for policyholders challenging commercial insurers over coverage.

December 12, 2023
Image of a woman, head in hands surrounded by holiday packages.

7 in 10 Americans stressed over holiday spending, study finds

Increased spending and higher credit card balances and making 7 in 10 Americans stressed about their finances this holiday season.

December 11, 2023
Image of a gavel sitting on a desk, with many $100 bills in the background.

Oklahoma couple sues PacLife, advisor over $15M premium financing deal

An Oklahoma couple claims they were misled by an advisor and Pacific Life Insurance Co. on a premium financing program to fund a $15 million life insurance policy.

December 11, 2023
Image shows the Department of Labor building
A two-day public hearing on the Department of Labor's fiduciary rule proposal begins Tuesday.

DOL receives over 4k comments on fiduciary rule as public hearing looms

The Department of Labor (DOL) is readying for an avalanche of industry criticism on its fiduciary rule proposal during a two-day public hearing that kicks off Tuesday.

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