WASHINGTON, D.C.—The prospect of significant changes to tax policies across the board in 2021 is a stark reality. In preparation,…
The Rise Of The Variables, Part I
Timothy Pfeifer of Pfeifer Advisory, which advises carriers on product design, said interest rates, regulations, tax policy and other factors are forcing companies to rethink their whole product lineup.
Florida Lawmakers Seek Fix For ‘Massive Losses’ Suffered By Insurers
The state Senate passed Senate Bill 76, Property Insurance, by Sen. Jim Boyd, R-Bradenton. The legislation addresses several issues surrounding the rising cost of property insurance in Florida, Boyd said.
Advisors Dealing With A Flood Of Tax Anxiety
Talk of pending tax increases has some advisors busy with clients who are anxious to plan now.
Racial Equity Is Different From Diversity, NAIFA Members Told
Diversity is more than simply bringing more people of color into an organization, Derrik Anderson, executive director of Race Matters, said during this week’s NAIFA Diversity, Equity and Inclusion Impact Week.
Too Late For The Bitcoin Gold Rush?
Much like those who ran to California after gold was discovered, people rushing to buy Bitcoin are unlikely to discover the breathtaking fortunes found by the pioneers who came before them.
Florida Court Considers Law Forcing Life Insurers To Try To Find Beneficiaries
The Florida Supreme Court will hear a constitutional challenge to a 2016 state law that put new requirements on life-insurance companies to determine whether policyholders have died and to contact beneficiaries.
Life Insurance Industry Eyes ‘Moon Shot’ In Underserved Communities
The life insurance industry has an opportunity to invest in underserved communities while helping remove some of the barriers to those who seek employment in the industry, executives from the American Council of Life Insurers said.
Industry Still Lags In Developing, Advancing Women, WIFS President Says
The bottom line in making your company a place where women can succeed and thrive is to ask yourself whether it is a place you would want your mother, your wife or your daughter to work.
Planning for long-term care provides people with choices. And those choices lead to freedom. That philosophy especially rings true in Black and brown households, where family members are more likely to provide care for an aging parent or grandparent. It’s something that Chris Gandy called “the brown tax.”
Hollywood Actor Ran $690 Ponzi Scheme On The Side, SEC Says
The SEC alleges that actor Zachary Horwitz misappropriated investor funds for his personal use, including the purchase of his multi-million dollar home, trips to Las Vegas, and to pay a celebrity interior designer. Horwitz’s credits as an actor include low-budget features such as “Trespassers.”
Your preferred financial news source is always talking about the next wave sweeping over the financial advisory profession. That’s with good reason, technology has made access to different ways of doing business much more possible in the 2010s and 2020s than they ever were before.
A new survey conducted by Capital Group, home of American Funds, and one of the world’s leading investment management firms, finds that investors of all ages may lack the confidence, knowledge and resources needed to be confidence in their retirement.
John Hancock, the US division of Toronto-based Manulife, announced a new protection variable universal life insurance product, Protection VUL, is now available for sale from all approved distribution partners.
AOC Says Biden’s $2T Infrastructure Plan Falls Short By About $8T
Alexandria Ocasio-Cortez said that President Joe Biden’s more than $2 trillion infrastructure plan doesn’t go far enough and isn’t fast enough. The New York Democrat also took issue with the amount of spending, arguing that an ideal plan would cost about $10 trillion.
Tabetha Church, of Cleveland, bought a $10 scratch-off and won a $1 million prize, according to an NC Education Lottery news release.
Vaccine Reluctance Is Waning, But Still Significant, New Poll Finds
The race is on to vaccinate as many people as possible, but a significant number of Americans are reluctant to get the shots, even in places where they are plentiful. Twenty-five percent of Americans say they probably or definitely will not get vaccinated, according to a poll from The Associated Press-NORC Center for Public Affairs Research.
Pandemic Aid Has Worked Well, Fed Says, But Missed Some People
Stimulus efforts have mostly been successful, Fed researchers say. The $5 trillion in COVID-19 relief spending lawmakers have passed in the last year has far eclipsed how much they doled out during the Great Recession and in previous downturns.
Change Starts From Within
The industry makes strides to increase diversity while confronting a tarnished history.