How IUL supplements a financial plan
Indexed universal life insurance makes sense for a client if it helps people accomplish their financial goals, not if it replaces their financial goals.
Many surveyed say retirement confidence shaken
More than one-third of U.S. adults surveyed express shaken confidence in their retirement preparedness, according to a recent study.
What the Medicare Section 111 civil monetary penalties final rule means to payers
The civil monetary penalties final rule simplifies, clarifies risk to payers.
How to use your powers of persuasion to increase referrals
Persuasion is a skill that helps you present your ideas in such a way that someone wants to take action.
For younger generations, money trumps marriage for personal happiness
Many younger Americans believe that financial stability is a stronger determinant of personal happiness than the person they marry, a recent study finds.
‘Annuity King’ pleads guilty to tax charge, confronts co-defendant in court
Phillip Roy Wasserman pleaded guilty to tax charges Monday and will avoid a second trial in his $6.3 million fraud case.
MassMutual embraces behavioral insurance with new program
MassMutual is the latest life insurance company to embrace behavioral insurance to help improve the health and longevity of their policyholders and reduce premature death claims.
Future proofing insurance companies for the next shock
It may be the ideal time for insurers to revisit their enterprise risk management programs and investment strategy, to ensure they are prepared for the next shock.
‘Excess mortality’ continuing surge causes concerns
Life insurance executives and actuaries believe excess mortality rates are alarming and could continue to drag earnings for years to come.
The surge continues – annuity sales up 11% in Q3, 21% for the year
Third-quarter annuity sales increased 11% year-over-year to $89.4 billion, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
PIABA continues effort to prevent erasure of consumer complaints
A campaign prevent widespread erasure of consumer complaints from regulator databases has made progress, but most are expunged on request.
Investors bullish on AI as a financial advisor tool
The majority of investors surveyed believe that artificial intelligence is a game changer and will enable them to better serve their clients.
Health care spending, Medicare, workforce issues should get policymakers’ attention
Health care spending is unsustainable and policymakers must take action, a panel said this week.
Caught in financial storm, P&C insurers turn to reorg, layoffs
Some of the costliest periods of natural catastrophes, rising claims and persistent inflation, have led to huge losses for P&C insurers.
The life insurance gap: Where it exists, why it persists
Why there’s a life insurance gap among Black and Hispanic Americans, women and Generation Z – and how to overcome it.
Calif. annuity legislation must pass by 2025 to avoid ‘dual regulation’
Legislation that would make California the 41st state to adopt best-interest annuity sales rules stalls amid pushback from consumer groups.
Though risk increases, flood insurance purchases lag
Among residents who live in a 100-year flood zone, only about one-third have purchased flood insurance, according to a recent study.
Security Benefit petition for judicial review of index annuity lawsuit denied
A federal appeals court last week denied Security Benefit’s request for a full court review of a lawsuit claiming the insurer misrepresented how much investors stood to gain on certain fixed annuities.
What has accelerated underwriting done for life insurers?
Accelerated underwriting can deliver a less intrusive experience for the consumer while maintaining a robust underwriting process
