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June 30, 2022
New plaintiffs added to legal action.

New lawsuit seeks class action for victims of alleged fraudulent IUL sales

A new lawsuit filed last month adds to the legal liability for Minnesota Life Insurance Co. and its partner independent marketing organization caught up in an alleged pension fraud scam.

Washington state regulators seek man facing felony insurance fraud charges

June 30, 2022

Vincent Labarbera, of Vancouver, Wash., has been added to Washington Insurance Commissioner Mike Kreidler’s most wanted after he failed to…

June 30, 2022
IRA vs. 401K fees matter.

Pew study examines 401(k) vs. IRA fees, impact on retirement funds

Workers who move their retirement funds into mutual fund IRAs could get hit with significant unrealized fees that would shrink their savings, potentially impacting the quality of their golden years, according to a new Pew Charitable Trusts study.

Why Health Savings Accounts may be a better retirement plan than a Roth IRA

June 30, 2022

Since Congress authorized the Roth account as a savings option in 1998, it has demonstrated the potential for massive tax benefits. A Roth account, like all IRAs and 401(k) plans, includes a tax deferral benefit – meaning that as long as money stays within the account and is not withdrawn, an investor is not obligated to pay annual taxes.

June 29, 2022
Consumer confidence drops in recent survey.

Consumer confidence drop hints at recession risk

Inflation is the key driver to deteriorating consumer confidence with a survey showing the grimmest expectations in nearly a decade.

Some retailers limit emergency contraception purchases

June 29, 2022

Surging demand for emergency contraception in the wake of the Supreme Court decision overturing Roe v. Wade has led to…

How to keep fraudsters from taking over your client’s annuity account

June 29, 2022

Do your part to mitigate the risk of fraud.

June 28, 2022
Work/life balance growing more important in employee benefits trends.

Study: Work/life benefits growing more important to employees

A recent LIMRA study focusing on employees benefits found an increasingly diverse workforce is seeking more robust work/life benefits in addition to salary.

Sammons names Kevin Mechtley to newly created product innovation role

June 28, 2022

Sammons Financial Group, Inc. has named Kevin Mechtley to a new role as vice president, business development and chief innovation…

June 28, 2022
What will the impact of the COVID-19 national health emergency be?

‘The Great Unwinding’: What the pandemic’s end could mean for health coverage

The end of the COVID-19 public health emergency may be in sight, but what does it mean for millions of Americans who are at risk for losing Medicaid or ACA coverage.

June 27, 2022
Change is here in social media selling.

Expert tells MDRT audience to gear up for next generation of social media selling

Salespeople, marketers, and companies need to prepare for the next generation of social media marketing, expert tells the 2022 Annual Meeting of the Million Dollar Round Table, and improve their social media selling.

Transamerica enhances coverage within its workplace supplemental health benefits suite

June 27, 2022

Transamerica announced today the expansion of its workplace benefits offerings with refreshed supplemental Transamerica Accident Insurance and Transamerica Critical Illness…

June 27, 2022
New regulations are on the way from the Labor Department.
The Department of Labor is fighting a pair of lawsuits against its investment advice rule.

DOL brief calls investment advice rule lawsuit claim ‘downright bizarre’

Government attorneys filed a lengthy response Friday asking a Florida federal judge to toss one of two lawsuits challenging the Department of Labor investment advice rule.

Florida establishes 2022 rates for Citizens Property Insurance Corp.

June 27, 2022

The Florida Office of Insurance Regulation has established the 2022 personal property and commercial property insurance rates for Citizens Property…

June 24, 2022
U.S. Supreme Court overturns Roe v. Wade.
The Supreme Court's decision on abortion will impact employee benefits.

Insurers, employers consider impact as Roe v. Wade overturned

Insurers and employers were mostly searching for answers in the wake of the historic U.S. Supreme Court ruling that overturned the pivotal Roe vs. Wade case that granted women a constitutional right to abortion.

June 24, 2022
Senate committee passes "Secure 2.0" retirment bill.

‘Secure 2.0’ retirement bill clears Senate committee hurdle in 28-0 vote

With a unanimous 28-0 vote the U.S. Senate Finance Committee passed the Enhancing Americans Retirement Now (EARN) Act.

NAHU members to vote on name change at annual convention

June 24, 2022

Members of the National Association of Health Underwriters will be asked to consider changing the name that their organization has…

Roe v. Wade decision unlikely to change ACA plan coverage

June 24, 2022

Today’s U.S. Supreme Court decision overturning Roe v. Wade is unlikely to lead to a major change in how abortion…

June 24, 2022
South Caroline opts to leave compact.

ACLI ‘disappointed’ by South Carolina decision to leave compact

One of the founders of the compact, South Carolina left the compact May 16 because of a conflict over long-term care insurance rate increase application reviews.

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