Clifford Jack is stepping down as executive vice president and head of retail at top-selling variable annuity carrier Jackson National. He is leaving to pursue other opportunities, according to a statement from the company…
Voya is the analyst’s top pick because of its “company-specific fundamental story,” which includes better profit margins, more deployment of capital, and tax developments deemed favorable to the company…
Disability insurance is sometimes called “the forgotten insurance.”…
The reason carriers are not selling enough life insurance is that they have taken some of the business of selling it away from agents and have been going directly to the consumer…
A majority of advisors said they expected to deepen their knowledge of social media as they became more familiar with it, according to a new study…
A majority of affluent investors plan to help their children or grandchildren pay for college, but few have started a 529 plan…
Daniel P. Neary, chairman and CEO of Mutual of Omaha, will retire next year after a decade at the helm of Nebraska’s most well-known insurer…
This particular third quarter had the highest fixed index annuity (FIA) market share of any of the previous third quarters, going back to 2010. Only third quarter 2012 came close; in that year, FIAs took a 52.7 percent share of market…
The National Association of Insurance Commissioners (NAIC) decided to make its recently updated Annuity Buyer’s Guide available to consumers and the industry, via download any time — without quantity restrictions or fees…
Changes to the composition of the organization’s 18-member board of directors to include more top-level executives from carriers, not just producer organizations, has also made a “huge difference, its president said…
The year 2030 is when the youngest baby boomers turn 65 and the oldest baby boomers turn 85, and the year 2050 is when the youngest baby boomers turn 85…
The Securities and Exchange Commission (SEC) has announced that Los Angeles-based broker/dealer Wedbush Securities has settled a pending dispute by agreeing to pay $2.44 million and retain an independent consultant in connection with violations of market access rules…
The case stems from a 2013 suit in which Lisa Brocato McTaggart accused Pinnacle Trust, EFP Advisors and EFP President Douglas M. McDaniel with breach of fiduciary duty in connection with the loss of more than $1.5 million in trust assets between 2007 and 2011…
MetLife has announced the launch of what it calls a “field underwriting tool” that helps advisors and agents quickly deliver estimates of a life insurance applicant’s rating…
A retired major league baseball player was one of 27 people who said they lost a total of $11.3 million in the alleged Ponzi scheme…
When consumers are evaluating financial advisors, they look at what the advisor knows, the type of advice they provide and their years of training, according to a new survey…
Many life and annuity carriers aren’t placing a priority on their Internet sales channels, according to an analyst’s report…
Structured notes, which can last anywhere from six months to seven years, amount to a debt issuance from a bank, and they are typically sold though the broker/dealer or the high-net-worth advisor channel…
What policyholders are doing with their living benefits riders…
