As the American populace grows older, financial planners will need to address the increasing financial impact felt by older Americans and their families.
Older Americans richer than previously thought, Census says
A new project corrected data from 2018, showing that Americans over 65 were 27.3% richer in that year than previously thought.
Northwestern Mutual revenue reaches all-time high at $35B
Northwestern Mutual again reported annual record sales , earnings, and dividends for 2022, in a year that saw many of its peers struggle to post mediocre returns.
Helping Black Americans bridge the racial wealth gap
Helping clients create generational wealth is crucial to helping close the racial wealth gap, says one advisor passionate about educating Black clients on ways they can attain financial security.
Half of institutional investors fear rate rises will trigger a liquidity crisis, while nearly three in 10 think equity markets could fall up to 20% this year, new research shows.
The world is shifting toward sustainability, and the life insurance industry, mired in legacy systems, must evolve with the times. It can do this in small but impactful ways, including using the cloud, reducing home visits and updating legacy systems.
Vanishing retirement with more workers pushing past 65, survey shows
: By 2030, a third of those over 65 expect to be working, but few are factoring in the real threats to retirement security, according to a survey from Voya and Easterseals.
The partnership between FINEOS and Empathy will equip life insurance carriers with the technologies and services they need to comprehensive support to their customers.
9 steps toward digging out of the national debt crisis
How do we deal with the debt crisis without tanking the economy? A group of analysts shared some thoughts and a plan.
Group hits MLR requirements for dental insurance plans as ‘bad policy’
Forcing dental insurance plans to adopt Medical Loss Ratio requirements similar to healthcare plans is “bad public policy’ says the National Association of Dental Plans, while the ADA fires back.
Corebridge execs upbeat despite reporting $566M Q4 loss
Despite a $566 million net loss in the fourth quarter, Corebridge Financial Inc. executives are upbeat about the newly branded company’s prospects for the year.
American Equity annuity sales high, as are surrenders, in a dicey 4Q
A leading seller of fixed indexed annuities, American Equity reported fourth-quarter sales of $900 million, of which 87%, or $783 million, were in fixed index annuities.
What slows down the claims process? Lack of proper documentation from property restoration teams working on site.
Analysts: DOL rollover ruling ‘a big deal,’ but don’t get carried away
A federal court ruling this week tossing out a portion of the Department of Labor’s advice rule governing rollovers is “a big deal,” according to a leading analyst, but it is also just one step in a very long process.
Economic headwinds from COVID-19 may start to recede, although the Russia-Ukraine War and other geopolitical flashpoints could have a lingering effect.
Presley beneficiary battle sets example of poor estate planning practices
The messy estate of Lisa Marie Presley, which is likely leading to a protracted legal battle, sets a tragic example of estate planning issues that can lead to stress and heartache for surviving family members.
AIG balances strong underwriting with storm-related CAT losses in 4Q
American International Group celebrated plenty of success in the fourth quarter, exceeding many of the targets set in its revitalization plan, with strong sales of many products and some of its best underwriting.
If current market conditions hold, fixed annuities, fixed indexed annuities, and registered index-linked annuities are predicted to compete more fiercely with one another during the next five years, according to Cerulli.
Strict new privacy proposal would limit how insurers could use data
A state insurance regulator group is proposing a sweeping overall of privacy rules that would significantly restrict what insurers could do with the private information of consumers.
