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February 6, 2020

Rolling Stones Tour Again Under Alliance For Lifetime Income Banner

The Alliance for Lifetime Income is proud to announce that it will be the sole sponsor of the 2020 Rolling Stones “No Filter” tour. This is the second consecutive year that the Alliance has sponsored the Rolling Stones’ U.S. tour.

February 6, 2020

Connecticut Judge Rules Against Nurses In Aetna Claims Case

A Second Circuit judge recently sided with Aetna insurance company in a case brought by a nurse who handled claims for the company and argued she was eligible for overtime pay. The decision sets further precedent that exemptions from the “professional” designation will be drawn narrowly by the court, one legal expert says.

February 6, 2020

Marriage Taking A Backseat To Financial Security

Americans are holding off on traditional milestones – such as marriage, having children, and retirement – in favor of better financial security. A new survey found that 61% of Americans agree that traditional life milestones are no longer important.

February 5, 2020

Pa. Man Milked Mennonites For Millions: U.S. Attorney

Mennonite investors in Pennsylvania were scammed out of $60 million over a decade, say investigators with the Justice Department and the Securities and Exchange Commission. The elaborate Ponzi scheme relied on the trust of the Mennonite worshippers, investigators say.

February 4, 2020

Massachusetts Dealing With Flood Of Comments On Fiduciary Proposal

Work continues on a fiduciary rule proposed by the Massachusetts Securities Division. The department posted 227 comment letters last week, three weeks after the comment deadline. A spokeswoman said all of the comments will be included in the rulemaking process.

February 4, 2020

LIMRA: Consumers’ Brand Awareness Of Life Insurers Remains Low

A new LIMRA study finds 1 in 4 adult Americans cannot name a single company that sells life insurance and a majority (56%) are unable to name three life insurance companies.

February 4, 2020

Sheryl Moore: From Single Mom To Insurance Rock Star

From stunning success to terrible tragedy, Sheryl Moore shares her story of rising to top of the insurance world. Known for her warm smile and engaging personality, Moore openly shares details of both the good times and the bad in this InsuranceNewsNet profile story.

February 4, 2020

NAIFA Wants To Boost Nation’s Financial Literacy

An industry association is taking aim at the nation’s lack of financial literacy. The National Association of Insurance and Financial Advisors is looking at the issue from two sides: lack of basic consumer financial education and a need for financial professionals to provide services.

February 3, 2020
Exclusive

A Successful Fall Benefits Enrollment Season Starts Now

Creating an effective benefits communication and enrollment strategy isn’t something you toss together a few weeks before the annual enrollment begins. It takes knowledge of employee behavior as well as your clients’ company demographics and culture, plus time to map out key steps. That’s why it’s a good idea to start now to ensure your fall enrollments deliver optimal results.

January 31, 2020

Principal Financial Group Poised To Pounce On SECURE Act Opening

Principal Financial Group was among financial services firms lobbying for passage of the SECURE Act, but few are better positioned to take advantage of the changes in the law. The company discussed why during a conference call this week to discuss fourth-quarter earnings.

January 31, 2020

HAFA Members Discuss Rx Prices, Surprise Billing In DC

During their annual visit to Washington, Health Agents for America looked to lawmakers to help their clients save money on health care while being able to choose the right products for their needs.

January 31, 2020

Want A Bull Market? Root For This Team In Sunday’s Super Bowl

The Super Bowl Indicator suggests stocks rise for the full year when the Super Bowl winner has come from the original National Football League (now the NFC), but when an original American Football League (now the AFC) team has won, stocks have fallen.

January 30, 2020

Trump Administration To Permit Medicaid Block Grants

The program — labeled “Healthy Adult Opportunity” — will allow states to ask permission to end their traditional, open-ended Medicaid program and put hard caps on how much money states and the federal government will spend on the poor and disabled.

January 30, 2020

Four SECURE Act Options To Protect Your Client’s Retirement Plan

One of most significant changes incorporated in the SECURE Act surrounds the transfer of legacy wealth through IRA trusts that benefit non-spouses who inherit IRA accounts. But it is far from the only change in this significant law.

January 30, 2020

Florida House Passes Bill Banning Insurers From Using Genetic Info

Florida legislators moved closer Wednesday to banning life-insurance, long-term care insurance and disability-insurance companies from using customers’ genetic information in changing, denying or canceling policies. The House passed a bill, which now moves to the more difficult state Senate.

January 29, 2020

Regulators Close In On IUL Illustration Compromise

Regulators and industry representatives are inching closer to a middle ground to save the controversial multipliers and bonuses that many blame for rosy indexed universal life illustrations. Regulators held another call Tuesday to discuss amending Actuarial Guideline 49 to tighten up illustrations.

January 29, 2020

Pennsylvania Moves To Place Health Insurer In Rehabilitation

Pennsylvania Insurance Commissioner Jennifer Altman filed an application with the state’s Commonwealth Court to have Senior Health Insurance of Pennsylvania placed in rehabilitation.

January 29, 2020

More Would Choose Free Health Care Over Student Loan Forgiveness

What would you rather have – free universal health care or total student loan forgiveness? LendEDU surveyed 1,000 Americans and found 60% opted for the free health care as opposed to 40% who want to see the nation’s $1.61 trillion in student loan debt erased.

January 29, 2020

Elder Financial Abuse ‘A Crime Of The 21st Century’

Elder financial abuse has been categorized as “a crime of the 21st century,” according to the presenter of a webinar on understanding elder financial exploitation and fraud.

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