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American Equity CEO: Sale Rumors Hurting Distribution Partners

August 7, 2018

American Equity reported a healthy second quarter, but its late-May admission that it was negotiating with a potential buyer has distribution partners concerned. Meanwhile, the company plans to release new products during the third quarter.

Young Advisors Prefer Face-To-Face Contact With Wholesalers: Study

August 7, 2018

Age has little to do with how retail advisors communicate with wholesalers, new research finds. Advisors gravitate either toward technology or traditional face-to-face contact based on the distribution channel in which they sell.

Exclusive

Panel Tables Uniform LTCi Rate Review Idea

August 6, 2018

The Long-Term Care Insurance Task Force tabled a request to form a subgroup to study the idea of a uniform long-term care insurance rate review process.

August 5, 2018

Showdown Looms Over NY Push To Add Life Insurance To NAIC Rule

New York and California insurance officials signal a steadfast willingness to fight for life insurance to be included in any NAIC annuity best-interest rule.

NAIC Gets Pushback Over Extending Annuity Rules To In-Force Agreements

August 4, 2018

The National Association of Insurance Commissioners is attempting to come up with national annuity sales rules. Industry representatives express frustration with mixed messges and unclear rules.

Carriers Reshape Indexed UL While Variable UL Sales Heat Up

August 3, 2018

Universal life products are hot and insurers are wasting no time tweaking their product offerings to take advantage of a fast-selling segment. First-quarter sales of indexed universal life rose 12 percent to $486 million compared to the year-ago period.

MetLife Sells Remaining Stake In Brighthouse

August 2, 2018

MetLife and Genworth had different challenges to overcome in the second quarter. Metlife dumped its remaining stake in Brighthouse Financial for a loss of $212 million, which pushed down earnings.

August 1, 2018

NAIC To Tangle Over Annuity Sales Regs At Boston Meeting

A state insurance commissioners annuity subgroup will meet in Boston Saturday and attempt to reach a consensus on a controversial annuity sales model law. New York will be represented, although the state recently passed its own tougher rules in defiance of the NAIC.

‘Extreme Turbulence’ Drives 2Q Collapse Of RIA Mergers: Analyst

July 31, 2018

The number of RIA merger-and-acquisition deals collapsed compared to the first quarter, which saw a record 49 transactions, an industry tracker reported. The reasons are numerous, but an analyst said the future prospects for M&A remain strong.

Successful Advisors Do These Ten Things

July 30, 2018

Top advisors are able to utilize technology, prefer face-to-face meetings and find ways to put the client first, a new survey found. Those advisors diverge from the rest of their peers in some areas, while in other areas both groups exhibited similarities, the survey found.

Dedicated Succession Planning Can Thwart Bad Apple Advisors

July 30, 2018

Advisors looking to sell out need to pause and consider who they are selling to, say succession planning experts. Scammers are getting their foot in the door by buying books of business and defrauding clients, an outcome that can sully decades of good work.

Exclusive

Most Advisors Unprepared For Transition, Survey Reveals

July 30, 2018

A survey found that even though their business is a part of their retirement plans, 65 percent of advisors said they had no succession plans and 89 percent said they had no appraised value for their business.

Insurance Agents Might Already Be Fiduciaries

July 27, 2018

The Department of Labor fiduciary rule is dead, but financial professionals selling products to retirement accounts need to be aware of new interpretations of the “five-part test” standard. DOL officials plan to be more strict in interpreting the test going forward, one industry expert says.

New Lifetime Withdrawal Rider Offers Creative Withdrawal Option

July 27, 2018

A new variable annuity from Sammons includes a rider making it possible for the client to receive payments before the account has been completely depleted. Company execs say it is an example of the creativity needed for VA sales to rebound.

Investors On Spotify Growth: That Don’t Impress Me Much

July 26, 2018

Paid subscribers, which account for about 90 percent of the company’s sales, are more profitable for Spotify than free users. But Spotify reported fewer users of the advertising-supported tier than a quarter ago, which is making investors nervous.

Unlocking The Benefits Of Cash Value In IUL

July 26, 2018

For a client in need of life insurance coverage, permanent life insurance can help address several crucial concerns by bridging the gap between their retirement savings and their retirement income goals.

When Getting The Boot Leads To A Sale

July 25, 2018

Typically, if you meet a prospect, you want the sale to close quickly. That’s human nature, and it’s understandable, but it’s also not realistic. Sometimes, the best clients are won through hard work and persistence.

Exclusive

Although Largely Deflated, IUL Illustration Statute Lawsuit Rolls On

July 25, 2018

A federal appeals court upheld a ruling that the illustrations of the policy charges and interest rates were not deceptive, but left open the question of whether the challenged practices were unlawful or unfair.

Exclusive

How To Give Clients Peace Of Mind This Summer

July 25, 2018

Your clients may be relaxing this summer but their retirement funds should be working hard.

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