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January 21, 2020

LIMRA’s Realignment Requires Layoffs To Meet 5-Year Plan Goals

LIMRA is realigning in response to a rapidly changing insurance environment. The association found that its members needed more tools to be efficient in their services and better informed in their product development. LIMRA has already introduced new platforms to help companies in this challenging market.

January 21, 2020

How Charity Gave My Practice A New Vision

After marrying into a family of doctors and founding a physician-focused financial practice, I had the opportunity to work day in and day out with dedicated, selfless caregivers. Witnessing their generosity, I was posed with a nagging question: Am I taking more than I am giving?

January 21, 2020
Exclusive

Paper Or Online? Retirement Plan Participants Can’t Decide

The Secure Retirement Institute surveyed consumers who save in a retirement savings account to find out how they preferred to get their retirement plan information.

January 21, 2020

Conservative Groups Take Aim At Fix To ‘Surprise’ Billing

A collection of conservative groups is mobilizing to oppose a measure that would ban “surprise” medical bills patients sometimes receive from hospitals and providers when their services aren’t covered by insurance.

January 21, 2020

SCOTUS Declines To Hear Expedited Obamacare Appeal

The U.S. Supreme Court declined today to put the legal challenge to Obamacare on a fast track, meaning the court will not hear the case prior to the November election. The decision reduces pressure on Republicans to produce a replacement plan prior to the election.

January 21, 2020

What Will Happen To Protection Over Pre-Existing Conditions?

President Donald Trump is tweeting about how he saved the Affordable Care Act’s protections for people who have pre-existing conditions, even as he is backing a court challenge to the law that would overturn the ACA and eliminate those protections.

January 20, 2020

Financial Literacy Education Not NAIC’s Bailiwick, Advocate Says

Who can and should provide financial literacy education is unclear, but a pair of academic experts say it should not be state insurance regulators. They spoke during a conference call last week for the National Association of Insurance Commissioners’ Retirement Security Working Group.

January 20, 2020

Don’t Be A Bear: How To Get Out Of Your Cave This Winter

Most people put lots of effort into organizing holidays. It’s been said people spend more time planning a two-week vacation than they do planning for their own retirement. It’s your job to help people like that. That’s why you need to stay healthy during the winter.

Exclusive

New Jersey Gov Signs Bill To Protect Seniors From Financial Exploitation

January 20, 2020

New Jersey became the latest state to pass a law to better protect senior citizens from financial exploitation.

January 20, 2020

Life Insurance Industry Faces Low Growth, New Challenges

Between 2013 and 2018, compound annual growth rate in life insurance premium growth has been 1.7%, the EY report said. Gross written premium grew from $661 billion in 2013 to $718 billion in 2018.

January 17, 2020

Report: Barclays Warns Investors Of A Warren Presidency

Mother Jones, a liberal news website, reports that it has copies of internal memorandums circulated by Barclays, a powerful London-based bank and financial services firm. In one such memo, the bank warns that a Warren presidency “would directly impact corporate earnings.”

January 17, 2020

SECURE Act Opens Door For Annuities — Will They Walk Through?

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was included in the massive $1.4 trillion spending bill signed by President Donald Trump at the end of the year. Getting the rules loosened for annuities in plans is “a big win for the insurance industry,” says one industry expert.

January 17, 2020

Unlocking The Value Of Closed Blocks Of Business

Closed blocks of business can be a thorn in the side of life insurers. Whether a result of discontinued products or included in a merger or acquisition, these policies remain active and must be serviced, but over the long haul, they may have become very unprofitable.

January 16, 2020

31 States See ACA Premiums Drop For 2020

Health insurance premiums for plans purchased through Affordable Care Act marketplaces for 2020 decreased in 31 states, a new analysis shows.

January 16, 2020

IRI Retirement Report: Clock Is Ticking For Millennials

A survey by the Insured Retirement Institute (IRI) finds that millennials’ expectations are not well aligned with the retirement planning steps they have taken thus far. Although nearly eight in ten millennials say that they have saved some money for retirement, nearly half – 46 percent – have saved less than $10,000.

January 16, 2020

Digital Marketing: Use A Vendor Or Do The Work In-House?

Using social media to promote retirement income planning seminars and workshops has become the next big thing for insurance and financial professionals.

January 16, 2020

10 Reasons Financial Advisors Choose To Go Independent

Advisors want to have the freedom and flexibility to provide the best possible client experience as true fiduciaries and differentiate themselves in order to compete for more wallet share. With overall wealth increasing in the U.S., there will be continued demand for the services that independent advisors deliver.

January 15, 2020

Health Insurance CEO Pay Outpacing Revenue Growth, Survey Says

Health insurance CEO pay is outpacing the growth of revenue and growth of other top executives’ pay according to a report. The most recent survey showed that total direct compensation (the sum of base salary plus annual incentives and long-term incentives) for health insurance CEOs increased 12% from 2018 to 2019.

January 15, 2020

Many Americans Lack Trusted Financial Confidant, Survey Finds

The National Financial Educators Council conducted a survey with a single question: “When you have a financial question, who do you turn to for trusted financial guidance?” The most popular answer to the question depended on the age of the respondent.

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