Enforcement action increased on retail investment products such as variable annuities last year, according to the latest Eversheds Sutherland report. Expect more of the same in 2021.

The realization that most Americans aren’t ready for retirement has caused many states across our country to take initiative to help increase retirement plan access and savings by implementing state-run programs.

Shane Westhoelter was in his early 20s, selling life insurance policies with $5,000 and $10,000 death amounts door to door in a small town when he found his “why.”

With a new president and Democrats taking control of Congress, there’s a new focus on rules and regulation in Washington, D.C. In some cases, President Joe Biden and lawmakers are looking for new restrictions and new taxes. In others, they are building off what President Trump left behind.

Without the grace period, annuity agents and advisors in Virginia must be in compliance on May 1, which does not give enough time to get ready, IRI says.

Integrity Marketing Group today announced it is acquiring Brokers International in a blockbuster merger of industry giants.

Ohio National executives today announced an expansive reorganization plan to demutualize the company. The deal includes the conversion of Ohio National Mutual Holdings to a stock company and the issuance of all of its newly issued stock to Constellation Insurance Holdings.

Colorado Democrats introduced a bill in the state legislature that opens the door to a statewide health insurance public option if insurance carriers don’t reduce health care premium costs by 20% over the individual and small-group markets.

However, the report does not look at premiums for 2020 and 2021, in which average benchmark plans on the exchange started creeping downward, the Centers for Medicare and Medicaid Services reported.

In the complaint, lawyers for the Eagles said that “despite best efforts to navigate the pandemic,” the team and its insured subsidiaries “have incurred and continue to incur substantial financial loss” caused by the pandemic and the disruption it caused to businesses everywhere.

This decision to postpone retirement is driven primarily by financial reasons, MetLife said, with respondents citing the top reasons for the delay as a continued need for a monthly income (31%) and that the pandemic has impacted their ability to save (23%).