Turbulent market conditions and rampant inflation have forced investors to consider working after their retirement, according to a Nationwide Retirement Institute study.
This estimate reflects inland flood impacts for the U.S. and includes damage to infrastructure.
Investors scrambling to lock in rates propel annuity sales to record highs
Annuity sales set a quarterly record for the third consecutive quarter, LIMRA reported today. Investors are flocking to the safety promised by fixed annuities.
The transaction includes a broad strategic partnership agreement aimed at aligning the interests of the two organizations, including an arrangement whereby Securian Financial will distribute its individual life and annuity products through Cetera’s affiliated financial professionals.
Study: Education level should drive decisions on Social Security, annuities
Less educated people tend to live shorter lives, so they should delay Social Security and use their retirement funds as a bridge, while better educated have longevity and should buy an annuity and not delay Social Security, according to a study.
There were 987 announced insurance agency mergers and acquisitions in 2022, down 8% from 1,075 reported in 2021, according to OPTIS Partners.
Plaintiffs in AIG subsidiary case seek bankruptcy dismissal
Plaintiffs suing a subsidiary of insurer American International Group Inc. over alleged withheld income filed a motion Monday asking a Connecticut court to dismiss the insurer’s bankruptcy filing.
How creating value will turn you into an introduction machine
When everyone profits. you have a sustainable relationship that will grow over time.
6 steps for financial advisors to create a successful marketing strategy
While market volatility, compliance pressures and a competitive landscape have created a challenging environment for financial advisors seeking new clients, a defined marketing strategy can lead to greater success, according to a recent Broadridge Financial Solutions survey.
The vast majority (82%) of Americans say they are worried about rising inflation continuing to have a negative impact on the purchasing power of their income in the next six months.
U.S. insurers are expected to increase their risk tolerance and grow portfolio allocations to private assets amid their concerns about higher market volatility and inflation, according to a new survey of U.S. life and property & casualty (P&C) insurers, sponsored by leading global insurance asset management firm Conning.
High net worth clients consistently challenge financial advisors to be on the cutting edge to ensure their money is doing the most work it can for them. With captive insurance, high net worth clients have the potential for massive savings on their money.
Producers stew as insurers slow to process life and annuity applications
Frustration is mounting among producers who say insurers are slow to process their life insurance and annuity applications.
The pandemic and its aftermath don’t come with a historical playbook. We haven’t been here before.
Will ChatGPT, artificial intelligence replace financial professionals any time soon?
Will artificial intelligence replace financial advisors or insurance agents anytime soon? The consensus is that it won’t in the near future, but AI can provide some assistance and a little bit of fun in the meantime.
Insurance Commissioner Mike Kreidler issued fines in December totaling $55,500 against insurance companies, producers, brokers, and individuals who violated state…
How one advisor built his practice through a Facebook group
When Andy Panko started his Facebook group, Retirement Planning Education, in April 2020, his goal was to grow the group to 1,000 members by the end of the year. Instead, he hit that goal in only a few months, and the group kept on growing to the point where it is at more than 37,000 members today.
Brokers must help employers understand why health care costs are rising in the first place, help employers plan ahead, and emphasize the importance of employee health care literacy.
US debt ceiling limit reached; Social Security, Medicare targeted
The U.S. Government reached its statutory borrowing limit Jan. 19. If the limit isn’t raised, the country could default on its $31 trillion of debt, something that’s never happened and would likely trigger disastrous economic consequences.
