What if you have a client who needs to make a significant withdrawal during a bear market early in retirement? That scenario can devastate a nest egg, and avoiding it takes plenty of planning.
It’s not necessarily because sales from independent agents are declining; it’s because sales through banks and broker/dealers are growing, said one industry expert.
More consumers are anxious about their finances and want to hear about annuities, according to the latest Greenwald survey.
Indexed universal life (IUL) sales kept overall life insurance sales in the black last year. Will it spur more companies to enter the market?
Federal policy uncertainty drove health insurers to implement significant premium increases for Affordable Care Act policies in 2018, according to a new report which predicts higher prices and more insurer withdrawals from the individual market in 2019.
The Department of Labor fiduciary rule could be dead, or it could be in front of the Supreme Court in the near future. It all depends on how federal government attorneys decide to respond to a court of appeals decision last week.
Jackson National is behind the first fee-based fixed indexed annuity without a surrender charge, a product the company hopes will satisfy registered investment advisors skeptical of traditional annuities.
Advisors should give fixed indexed annuities (FIAs) a serious look because FIAs offer a compelling story in an era of low bond yields, according to Roger G. Ibbotson, one of the most recognizable names in finance.
The parties who sued the Department of Labor say the way is now clear for the SEC to establish a standard that would cover all financial industries.
Tax experts say money managers can expect more tax planning than usual this season, as advisors and clients get familiar with tax reform.
The Department of Labor fiduciary rule does not exist anymore after a late-Thursday court ruling. That court decision might open the door for the Securities and Exchange Commission and/or state insurance departments to take over rulemaking.
A federal appeals court threw out the Department of Labor’s conflict of interest rule that imposed a fiduciary standard on annuity sales with IRA money.
Slumping sales of variable annuities did not stop the No. 1 seller of VAs from recording a strong 2017. Jackson National reported a 3 percent gain in operating income.
Some industry observers say demographic, regulatory and technology trends have generated new momentum for many RIAs to consider offering fee-based annuities. The potential for mutual growth is high, some say.
NAIC Begins Tough Work on Best Interest Reg
The National Association of Insurance Commissioners’ working group discussed its controversial annuity transaction model law today with little agreement. The NAIC effort to establish a best-interest standard has been fraught with disagreement so far.
New York Life reported another successful year in 2017, with record operating earnings of $2.06 billion and a record $1.8 billion dividend payout.
NAIC to Huddle on Contentious Best Interest Model Law
The National Association of Insurance Commissioners holds a conference call today to discuss the harsh criticism it has received from all sides on its best-interest standard model law.
Appeals court sides with lower court on Department of Labor’s treatment of fixed indexed annuities in its fiduciary rule. Market Synergy Group filed one of several industry lawsuits to stop the rule, which has since been delayed.
Growth opportunities for life insurers this year are in group benefits, retail life insurance, pension risk transfer and some international markets, one analyst predicted.
