Lincoln, ex-agent, settle on mediator for lawsuit over FIA returns
Lincoln Financial and nine plaintiffs – including a former Lincoln agent – suing over fixed indexed annuity performance agreed on a mediator to settle the dispute.
Lincoln Financial and nine plaintiffs – including a former Lincoln agent – suing over fixed indexed annuity performance agreed on a mediator to settle the dispute.
The Washington Office of the Insurance Commissioner reports a historic volume of insurance claims complaints since 2021.
Financial companies have more reasons than ever to talk directly to consumers.
New York regulators put insurance companies on notice for selling multiple versions of the same policies, saying the practice is discriminatory.
Financial planning for young adults is more like a winding road, said an advisor who works with multigenerational clients.
Colorado regulators are pulling the plug on Friday Health Plans Colorado, a move that means more than 30,000 residents of that state must find other health coverage.
While most Americans will need some type of long-term care, a recent survey revealed that only 54% of financial professionals recommend or offer LTC protection to their clients.
Replacement cost endorsements help homeowners protect the full value of their home and personal property. However, after a loss, most homeowners discover this coverage is not sufficient to replace like-items or restore unique features in their homes.
The SEC claims that Jeffrey Cutter, who is both an advisor and an insurance agent, made improper annuity sales. In a motion to dismiss, Cutter says he was acting as an agent and the SEC has no authority.
Most Gen Z adults are hesitant to purchase life insurance because they see it as either too expensive or too complicated.
One financial industry trade association has urged the Biden administration to work with Congress to take up legislation that would further alleviate workers’ and retirees’ retirement anxiety. Meanwhile, a representative from another industry association said he believes any further iteration of SECURE must address America’s growing long-term care crisis.
Pre-loss emergency disaster planning allows insurance professionals and the property owners they serve to prepare for disasters before they occur.
Kenneth Rossman, who participated in a $6.3 million financial fraud, avoided jail time for his role in helping to convict self-styled “Annuity King” Phillip Roy Wasserman.
While parts of the country bask in sweltering heat, inflation significantly cooled in June, raising hopes that the Federal Reserve might be able to curb rising interest rates and make that “soft landing” it wants to avert a recession.
Life settlement annuities and long-term care life settlements can be effective in helping seniors fund future long-term care needs.
American Equity reported second-quarter FIA sales up 94% compared to the first quarter of 2023 and 141% compared to the second quarter of 2022.
House members on both sides of the aisle argued for nearly three-and-a-half hours today as the House Financial Services Committee hosted a hearing on ESG investing.
Founder of Flyreel talks about use of how artificial intelligence in the insurance industry and what the future of AI might hold.
Life insurers must recognize that today’s young consumers are digital natives.