In a survey of more than 300 industry professionals, 62 percent are piloting AI and machine learning programs, while 75 percent believe AI and machine learning offer carriers a competitive advantage.
Some advisors sent preeemptive messages, but they didn’t calm everybody. Advisor messages focused on the long view, but some clients were looking at the long view down.
A record-breaking 501 U.S. single-premium pension buy-out contracts were sold in 2019, totaling $28 billion, according to the Secure Retirement Institute U.S. Group Annuity Risk Transfer Sales Survey.
The Iowa Insurance Division unveiled a proposal Thursday to require annuity agents and securities agents to act in the best interest of their customers. The new regulation comes two weeks after the NAIC executive committee approved a best-interest model standard for annuity sales.
The Dow Jones average plummeted again this morning pushing it into correction if it does not recover before close.
The coronavirus’ illness, COVID-19, is not nasty enough to be spotted easily but latent enough to spread wide before anyone even knows it has arrived.
The New York Department of Financial Services fined Asurion Insurance Services and Asurion Protection Services $4 million for providing inadequate consumer disclosures for insurance offerings.
The National Association of Insurance Commissioners is terminating its Insure U consumer education website.
It is important that financial planning firms are up to date on current technology tools to improve accuracy and efficiency so they can focus on what helps clients change behavior most – involvement, connection, and trust. Here are six tech tools for young advisors to try.
As the number of baby boomers head into their retirement years, Medicare will be under pressure to continue providing benefits while being financially stable. Still, despite challenges, a panel of health care experts said Medicare is here to stay.
The American health care system is failing those who need to access life-saving treatment, according to author Den Bishop, the author of “The Voter’s Guide To Healthcare.” He spoke at the National Association of Health Underwriters 2020 Capitol Conference.
The head of the Centers for Medicare and Medicaid Services reinforced today the Trump administration’s opposition to replacing the current health insurance system with a public option or a single-payer plan.
Seema Verma, administrator of the Center for Medicare and Medicaid Services, will be one of the keynote speakers as the National Association of Health Underwriters gathers in Washington for their annual Capitol Conference Monday and Tuesday.
Massachusetts Secretary of the Commonwealth William F. Galvin has finalized regulations which “will impose a true fiduciary conduct standard in Massachusetts.” The new fiduciary standard will be enforced starting Sept. 1 for anyone selling financial products or giving advice in the state.
As the popularity of fee-based and fee-only financial advice continues to rise, many advisors are making the switch – even in nations like the U.S., which don’t require fee-only practices. But this transition can go awry if not well-planned.
Almost half of Latin American consumers consider it their responsibility to plan for retirement and do not want to depend on the government or family members, the study finds. Yet 55% of Latin America adults do not work with a financial professional to help them with their households’ financial decisions.
A Florida bill that would prohibit insurers from using customers’ genetic information in changing, denying or canceling policies cleared its third and final Senate committee Wednesday. The bill passed the Senate Rules Committee by a 16-1 vote.
Democratic presidential candidate Michael Bloomberg wants to resuscitate the DOL rule if he becomes president, according to information he released in his financial reform policy. The DOL rule, which originated during the Obama administration, expanded the definition of “investment advice fiduciary” under the Employee Retirement Income Security Act of 1974.
Total annuity sales of $241.7 billion in 2019 represented the best sales in 11 years as the industry continued to rebound from regulation and other pressures. Sales increased 3% over 2018 results, according to the Secure Retirement Institute Fourth Quarter U.S. Annuity Sales Survey.
