More money each year is flowing into the independent channel compared with the captive advisor channel. Product developers and technology vendors are aware of those assets streaming into the independent advisor market.
Analysts are calling MassMutual’s acquisition of MetLife’s captive agency force and broker-dealer a smart move for both companies. MassMutual now boasts an advisor force numbering more than 9,600.
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A large percentage of mass affluent households are going it alone when it comes to financial planning. Here is how advisors can make a difference for them.
Group Annuity Risk Transfer Sales Top $14B
With five separate companies reporting buy-out sales above $1 billion, group annuity risk transfer sales increased 54 percent in 2015, according to LIMRA Secure Retirement Institute’s U.S. Quarterly Group Annuity Risk Transfer Survey.
Investor Warren Buffett said distracted driving appears to be a growing problem on American roads that contributed to an increase in deaths last year and hurt profits at his company’s Geico insurance unit.
IRAs – What’s Not to Love or Hate?
Annuities fit in well with the needs of retirees and near retirees within their IRAs. But the DOL fiduciary rule threatens annuity options if it passes in its current form.
This acquisition significantly increases MassMutual’s existing Career Agency System of more than 5,600 financial professionals.
In a separate case, a California insurance agent was charged in connection with a bogus life insurance scam.
Many advisors and carriers are jumping on to social media in a trial-by-fire manner, tweeting and friending their way through…
NEW YORK (AP) — MetLife is in talks to part ways with the life insurance agents who long defined one…
We now know why the debut of the health insurance shopping website was such a failure that only six people in the entire country got it to work well enough to select coverage on the day it launched in 2013.
MassMutual confirmed it has entered into discussions with MetLife to potentially acquire MetLife’s U.S. retail advisor force — MetLife Premier Client Group.
Genworth’s SPIA helps people too old or sick to qualify for long-term-care insurance or other annuities.
The Alabama Supreme Court has denied a motion for a new trial in the case of a Mobile insurance agent who was “fraudulently induced” to sell life and property/casualty polices on behalf of Farmers Insurance Exchange.
Cost of insurance (COI) increases, which carriers apply to recover the cost of paying death benefits, are creating tension between carriers and advisors.
Voya Financial will assume pension payments for Chemtura employees. The pension risk transfer is just the latest such agreement Voya has signed after a busy 2015.
Centers for Medicare and Medicaid Services Acting Administrator Andy Slavitt spoke about the future of the Affordable Care Act marketplace.
Indexed Annuities Break Quarterly And Annual Sales Records
Breaking previous quarterly sales records, indexed annuity sales totaled $16.1 billion in the fourth quarter, 32 percent higher than prior year, according to LIMRA.
