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September 16, 2021
The financial services industry is going digital at a fast rate, a recent survey finds.

3 Tips To Clear The Lead Conversion Hurdle

The forward momentum of the sales cycle rests on salespeople’s ability to build rapport and nurture connections. Especially in life and health insurance, trust and rapport win the day.

Foresters Financial President/CEO James Boyle To Retire In February 2022

September 16, 2021

Dan Fortin, Chairman of Foresters Financial, announced today Foresters Financial President and Chief Executive Officer James Boyle’s intention to retire February 2022, coinciding with the fourth quarter board meetings.

COVID-19 Vaccination Status Has No Bearing On A Life Insurance Claim: ACLI

September 16, 2021

American Council of Life Insurers Senior Health Actuary Jan Graeber again shot down misinformation relating to COVID-19 vaccines today.

Year-Over-Year Single Premium Buy-Out Sales Up 119% In 2Q

September 16, 2021

U.S. single premium buy-out sales totaled $5 billion in the second quarter, up 119% from second quarter 2020, according to the Secure Retirement Institute.

September 15, 2021
Inflation is hitting Black Americans hard
Inflation woes are making it more difficult for Black Americans to prepare for retirement.

Nationwide Survey: Plan Sponsors, Employees Want Annuity Options

Nearly nine in 10 plan sponsors and participants (88%), respectively, agree that income in retirement is vital to financial security, according to the Nationwide Retirement Institute’s 2021 In-Plan Lifetime Income survey.

EBRI Study: Health Savings Account Balances Modestly Increased

September 15, 2021

The decline may be linked to the COVID-19 pandemic, the Employee Benefit Research Institute reported.

September 15, 2021
A South Florida telemarketer defrauded Medicare out of millions, authorities say.

Attorney: Murdaugh Asked Man To Shoot Him For $10M In Life Insurance

The goal of the suicide attempt was to allow Murdaugh’s sole surviving son, Buster Murdaugh, to collect an approximately $10 million life insurance policy on the older Murdaugh’s life, his attorney said.

SEC Charges App Annie An Its Founder With Securities Fraud

September 15, 2021

The Securities and Exchange Commission announced that App Annie Inc., a leading alternative data provider for the mobile app industry, and its co-founder and former CEO and Chairman Bertrand Schmitt, have agreed to settle securities fraud charges.

Commercial Insurance Prices Increase Yet Moderate In 2Q

September 14, 2021

ARLINGTON, VA, September 13, 2021 — U.S. commercial insurance prices increased again during the second quarter of 2021, according to…

More Felony Charges For California Agents In Alleged $10M Securities Fraud

September 14, 2021

Additional felony charges have been filed against Robert Andrew Lotter, 64, of Newport Beach, Calif., and Charles Albert Major, 72, of Irvine, Calif., who were arrested in November after allegedly defrauding their clients with high-risk investments.

September 14, 2021
Image shows an older couple in front of a house.
Retirement requires strong planning to pull off well.

Social Security And Annuities: Alleviating Client Concerns

Here we go again: The recently released 2021 Social Security Trustees’ report found that the Social Security Trust Fund is once again nearing insolvency.

Michigan Shuts Down Fake Bank, Credit Union Websites

September 14, 2021

The Michigan Department of Insurance and Financial Services (DIFS) has ordered the websites of four fake banks and credit unions to be taken down.

September 14, 2021
Annuity sales could get stronger with growth potential among young, affluent investors.

Life Insurance Activity Returns To Year-Over-Year Growth, MIB Reports

U.S. life insurance application activity returned to growth in August 2021 compared to August 2020 with year-over-year activity up 5.5%, MIB reports.

September 14, 2021
Senate Majority Leader Chuck Schumer, D-N.Y, right, and minority leader Mitch McConnell, R-Ky., will have the most say on tax policy.

Democrats Seek Corporate, Wealthy Tax Hikes For $3.5T Plan

The proposed top tax rate would revert to 39.6% on individuals earning more than $400,000, or $450,000 for couples, and there would be a 3% tax on wealthier Americans with adjusted income beyond $5 million a year.

September 13, 2021

Iowa Woman Allegedly Submitted Fake Medical Bills To Insurer

Kimberly Joy Lovekin, 50, of Cedar Rapids, Iowa, has been charged with several counts of insurance fraud.

California Regulators: Agent Stole More Than $1M From Clients

September 13, 2021

Former insurance agent Steven Gordon, 67, of Camarillo, Calif., was arraigned last week on 21 felony counts of grand theft, forgery, identity theft, and credit card fraud after allegedly stealing more than $1 million from three former clients.

September 13, 2021
Is the economy really open and free from the pandemic?

What Can We Expect With Taxes And The Fed As The 4th Quarter Nears?

The economy is open — or is it? Pandemic concerns continue, schools are open, but some have reverted back to remote learning. Many employees continue to work from home. No wonder it feels like we are riding an economic seesaw.

Jackson National Completes Separation From Prudential plc

September 13, 2021

Jackson is now an independent company, and its stock is expected to commence “regular way” trading under the ticker symbol “JXN” on the New York Stock Exchange on Sept. 20.

September 13, 2021
A former Philadelphia police officer is charged with insurance fraud.

California Insurance Agent Facing 5 Felony Counts Of Insurance Fraud

A California businessman faces five felony counts of insurance fraud after a state Department of Insurance investigation revealed he allegedly underreported wages by over $2.5 million.

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