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April 28, 2023

10 tips for a successful journey to become a top financial advisor

Top advisors have one thing in common – they all are on a lifelong journey that begins in the mind.

April 28, 2023
Image showing figure in storm with umbrella, under a fever graph point downward. Recession fears grow as economic growth slows.

Recession fears grow as economic growth slows

The U.S. economy grew at a paltry 1.1% annual rate in the first three months of this year, signaling a cooling trend that will likely lead to a recession later in 2023, analysts said.

April 27, 2023
Image showing the words "Social Security Reform" next to a "Danger, Live Rails" sign. ‘Third rail’ heats up as Social Security reform talk increases.
‘Third rail’ heats up as Social Security reform talk increases.

‘Third rail’ heats up as Social Security reform talk increases

Sen. Bill Cassidy, R-La., said the real reason Social Security would be the deadly third rail of politics is not doing something about the trust fund’s impending insolvency.

April 27, 2023
Image showing a downed boxer on the canvas struggling to get back up, with a downward fever graph superimposed in front of him. Variable annuity sales on the ropes, but LIMRA forecasts mild rebound.

Variable annuity sales on the ropes, but LIMRA forecasts mild rebound

Variable annuity sales – coming off their worst year since 1995 – are hurting from several disruptions, but should bounce back a little bit, LIMRA forecasts.

April 27, 2023

Field underwriting: The key to increasing your revenue

Field underwriting gathers all the pertinent information that may affect underwriting offers at the initial meetings between financial professionals and clients.

April 27, 2023
Image of figurines with varying numbers of dollar signs in thought bubbles. Studies look at how consumers value life insurance – or don't.

Studies look at how consumers value life insurance – or don’t

Ironically, most who have purchased life insurance say it’s worth the expense, while nearly half of those without it hesitated due to cost.

April 26, 2023
Image of forms with the word Medicaid eligibility, alongside a stethoscope. Medicaid sunset not expected to impact health insurers, analysts say.

Medicaid benefit loss not expected to impact health insurers

While Medicaid sunset will impact health insurance revenues, the effect will be offset by a reduction in claims expenses, analysts say.

State policies will shape the Medicaid unwinding while some insurers help people remain in coverage

April 26, 2023

The unwinding of the Medicaid continuous enrollment provision will play out differently across the states based on policy choices states have made and variation in their administrative infrastructures. Meanwhile, some health insurers are taking steps to help people remain in coverage.

April 26, 2023
Image of form with Blue Cross Blue Shield form.Blue Cross reorganization in N.C., N.J. prompts fears on premiums, service.

Blue Cross reorganizations in N.C., N.J. prompt fears on premiums, service

The insurance commissioner of North Carolina raises a red flag over Blue Cross changing to a not-for-profit mutual, while activists in New Jersey sue to stop their Blue Cross from converting.

April 26, 2023

A long-term care idea whose time has come? Or another government overreach?

California lawmakers are considering Assembly Bill 567, which would create a long-term care saving program for W-2 workers in that state.

April 25, 2023

Bill to protect seniors against financial fraud heads to Senate

As older Americans are increasingly the target of financial fraud, a bill to project against senior scams is headed to…

April 25, 2023
Image showing a paper umbrella cutout with the words "Affordable Care Act" and cutout of family members standing under the umbrella. Health insurers say free preventive care will continue while lawsuit is appealed.

Health insurers say free preventive care will continue while lawsuit is appealed

Several groups representing health insurers told Congress that insurers will continue to offer free preventive services while a lawsuit challenging the Affordable Care Act’s requirement continues its way through the court system.

April 25, 2023
Image of man looking concerned standing in front of a fever graph. Accounting standard dampens life insurers' interest in high-interest bonds, report finds

Accounting standard dampens life insurers’ interest in high-interest bonds

Life carriers would love to trade their low-interest bond for new higher-rate ones, but an NAIC accounting standard dissuades them from taking the short-term hit, according to Conning.

April 25, 2023

What a bank failure means for consumers and retirees

Your clients have two questions they need you to answer in the wake of the recent bank failure news.

Peter Woo named Asian American Insurance Network chairperson, president

April 24, 2023

Peter J. Woo has been appointed board chairperson and president of the Asian American Insurance Network (AAIN), a non-profit organization dedicated to the professional development and growth of Asian-Pacific Islander professionals in the insurance and business industries.

April 24, 2023
Image of woman looking over a details on a piece of paper with a car parked in the background. Inflation, pandemic spur change in property and casualty insurance shopping, study finds.

Study: inflation, pandemic spur change in P&C insurance shopping

The property and casualty industry, frequently considered a dependably unexciting business , is undergoing rapid change, a new study finds.

LIMRA study shows interest in life insurance at an all-time high

April 24, 2023

While two-thirds of Americans report their lives have largely returned to normal following the COVID-19 pandemic, the 2023 Insurance Barometer Study shows a record-high proportion of consumers (39%) who say they intend to purchase life insurance coverage within the next year.

April 24, 2023

Telehealth, PBM reform legislation among health care issues pending in DC

Some legislation relating to health care still has a chance of getting through Washington even with a divided Congress.

April 24, 2023

Help clients avoid short-sighted mistakes in today’s economic environment

This is a great time for financial professionals to shine, offering advice that helps clients build confidence with the right protection solutions.

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