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When it comes to saving for the long term, millennials and Generation Z have time on their side. Although we are currently in a period of extreme market volatility, if millennials and Gen Z start investing early, there is the potential for their assets to compound and appreciate over the next 40-plus years.

Insurance agencies remained hot properties in 2019, with another record year of merger-and-acquisition activity, but activity appears to be slowing due to COVID-19. OPTIS Partners released first-half M&S data this week showing a slowdown on insurance agency activity.

A new study by Secure Retirement Institute finds American workers who lost their jobs or experienced a drop in income due to the COVID-19 pandemic were at least twice as likely to take money from their qualified retirement savings accounts as those who weren’t impacted.

Employers — many who are dealing with the potential of lower revenue and managing remote work arrangements and the uncertainty of when things will return to normal — may choose to delay or cancel plans to put their defined contribution (DC) plans out to bid. This would significantly impact DC plan sales in 2020.

Regulators told the Life Insurance and Annuities Committee the nonforfeiture floor reduction is needed by insurers due to COVID-19 impacts. The 10-year Treasury rate fell well below 1% amid the virus outbreak in March and has not recovered.

Health insurers are far more interested in offering dental benefits now than they were two years ago, according to a new report. The percentage of health insurers offering dental insurance products has risen from 68% in 2018 to 80% today.

The Life Insurance and Annuities Committee voted unanimously Friday to adopt language proposed by the American Council of Life Insurers to shore up Actuarial Guideline 49. Regulators conceded that the changes might not be ideal, but expressed a desire to do something to bring IUL illustrations more in line with actual returns.

Two-thirds (67%) of Americans say that the pandemic has been a wake-up call for them to reevaluate their finances, according to a new study by Life Happens, a nonprofit dedicated to educating consumers about the importance of life insurance and other related products for sound financial planning.

The Life Insurance and Annuities Committee will vote on language proposed by the American Council of Life Insurers to shore up Actuarial Guideline 49 and bring IUL illustrations more in line with actual returns. A consumer advocate is urging the committee to substitute tougher language.

This merger positions the firm as a leading provider of advisory services to its targeted niche of retirement advisors. The combined company will retain the Brookstone name, executives said in a news release, and will reflect the best that each firm has to offer, including exclusive and expansive state-of-the-art technologies.