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Like many aspects of the insurance industry, mergers-and-acquisitions activity is not at all where analysts expected coming into 2020 — thank COVID-19 for that. But M&A will return robustly, analysts predict. In fact, it will help shape how the industry recovers from the pandemic and reinvents itself.

The plaintiffs claim they were misled about the costs of an IUL policy and how it works. The case has broad implications for the industry and the controversial Actuarial Guideline 49 put forth by the National Association of Insurance Commissioners, an industry attorney said.

America’s largest banks are steeled for a wave of loan defaults and missed payments that still haven’t arrived. Thanks to an initially immense amount of support from Washington, that pain appears to have been pushed out to next year.

Research shows that people with a guaranteed lifetime income source tend to be happier and live longer. I still remember The Wall Street Journal headline “The Secret to a Happier Retirement is Friends, Neighbors and a Fixed Annuity.” The article said those surrounded by friends and had sources of guaranteed lifetime income were happiest in retirement.

A leading seller of fixed index annuities, American Equity announced the Brookfield deal with a Sunday news release. Brookfield will acquire a 19.9% ownership interest in the common shares of AEL in two stages, starting with an initial purchase of a 9.9% interest at $37 per share promptly following required regulatory approval.

Historically, annuities have lived in the insurance world, with financial advisors largely uninterested. Several trends are combining to break down that wall, however, many advisors remain resistant. They shouldn’t be, said David Lau, founder and CEO of DPL Financial Partners.

A Kaiser Family Foundation tracking poll found nine in 10 Democrats (89%) and two-thirds of independents (66%) also said they do not want to see the Supreme Court overturn the Affordable Care Act while three-fourths of Republicans (76%) said they would like to see the entire law overturned.
Presidential contender Joe Biden has a plan to expand Medicare.

Democratic presidential candidate Joe Biden wants to lower the Medicare eligibility age from age 65 to age 60. This idea has been proposed in several previous bills, so it’s nothing new. But it is getting new attention in this presidential campaign. So what would a lower Medicare eligibility age mean for employers?

Imagine this: you’re great at your job. You make sales, you manage your clients’ assets well and you’re an attentive advisor who makes sure to follow up. But you can’t get a call back from referrals and your prospects aren’t scheduling appointments. You can’t figure out why.

Imagine this: you’re great at your job. You make sales, you manage your clients’ assets well and you’re an attentive advisor who makes sure to follow up. But you can’t get a call back from referrals and your prospects aren’t scheduling appointments. You can’t figure out why.

The Department of Labor could publish a final version of its investment advice rule any day now — but the 10-year regulation saga is far from over. Even is President Donald Trump wins a second term, DOL rule opponents, of which there are many, still have avenues to kill the regulation. Here are two.

Developed exclusively for the state of New York, AIG said the Power Index Premier NY is currently the only index annuity that gives New York residents the option of a living benefit rider. New York passed Regulation 187 last year, considered the toughest annuity sales rules in the country.

New research from Northwestern Mutual’s 2020 Planning & Progress Study reveals that the savings rate among American adults aged 18+ is up, and it’s likely the result of their concerns about what could come next financially and economically at this extraordinary moment in history.