Prudential Financial was slammed by $1.46 billion in losses, but had a steep increase in fixed annuity sales and an expectation for a bounce in its FlexGuard variable annuities as Americans deaccumulate retirement savings.
American International Group used nimble management to post solid third-quarter earnings despite disruptions that included Hurricane Ian and the ongoing separation of its life and retirement business.
Some chronic illness riders have monthly charges like LTC riders with predictable benefits. Others do not. It’s up to producers to know what they are selling, one expert told NAIFA members.
With the burden and stress of frequent moves and time apart while military members protect our national security, many military couples neglect their personal security when it comes to their financial future and retirement planning.
As expected, the Federal Reserve on Wednesday continued its assault on inflation by jacking up interest rates another three quarters of a point and signaled yet again it’s not done firing the weapons it has.
Given inflation spikes and volatile markets, Americans surveyed expect they’ll need $1.25 million for a comfortable retirement – a 20% increase over last year’s expectations, according to recent study.
Payout percentages are increasing by 5 – 40 basis points, based on the owner’s age when they take their first withdrawal. These new rates will allow financial professionals to provide more guaranteed lifetime income to their clients when developing their retirement plans.
Although people find it easy to talk about the experiences of a friend or family member who is going through a long-term care event, they are reluctant to have a conversation about their own need for care.
Nearly half of individuals who apply for traditional long-term care insurance after age 70 are denied by an insurer, according to the American Association for Long-Term Care Insurance.
Agents selling long-term-care insurance (LTCI) have witnessed several important developments recently, including, in some cases, a reduction in new business premiums for the first time in many years.
During November, which is Long-Term Care Insurance Awareness Month, financial professionals will share the message with clients and prospects that obtaining LTCi can help cover the cost of care which the majority of seniors are expected to need.
Battered by a weak yen, higher interest rates, and post-pandemic conditions worldwide, Aflac Monday reported somewhat weaker than expected financial results, depending on whose consensus you consult, but Wall Street seemed to take it in stride.
There has been a growing concern for providing enhanced consumer protection in the purchase of increasingly complex annuities and life insurance products.
Georgia’s Supreme Court rules that if a third party is not involved in the purchase of life insurance, it does not violate the insured interest rule.
The rising costs of long-term care affect caregivers as well as care recipients.
More companies are offering this, and it could be the right choice for many consumers.
Seventy percent of people over the age of 65 will need some form of long-term care in their lifetime—yet very few people realize how expensive care can be and what it will take for them to pay for it.
NEW YORK, July 20, 2022 /PRNewswire/ — On a mission to improve the aging-at-home experience, insurance product and solution innovator, HCG Secure, today…
Advisors are finding technology makes it easier to connect with prospects and find the prospects that are just right for their practice. Here are some examples of how tech is helping fill the sales pipeline.
