Young workers are relying on more than their 401(k) plans to save for retirement, as other types of investments are playing a greater role in their long-term wealth plans, according a Schwab Retirement Plan Services study.
High inflation is causing many Americans to skimp on everything from buying groceries to paying for critical health care expenses, according to a recent Nationwide Retirement Institute survey.
Overall annuity sales were $80.7 billion in the third quarter, a 29% increase from prior year results, according to LIMRA’s U.S. Individual Annuity Sales Survey. This represents the highest quarterly annuity sales results ever.
The midterms are giving the markets a much-needed boost now that the uncertainty surrounding who will control Congress over the next two years largely has been settled.
Emboldened by a landslide election victory in Massachusetts that reformed dental insurance, the American Dental Association plans to take the issue national. Massachusetts became the first state in the nation to deliver consumer dental protections.
During the height of the pandemic, advisors were forced to use remote communications to reach existing clients and acquire new ones. Now that a sense of normalcy has returned, advisors are looking for methods to effectively prospect in today’s hybrid world.
As Americans save less and plan to put off retirement, they overestimate their ability to keep working into old age, according to studies.
What happened to the “red wave” that pollsters had predicted would occur as a result of last week’s midterm elections? One answer is that voters wanted change – but they didn’t want too much change.
The 2022 midterm election defied the norms. How will the results impact the economy and policy over the next two years?
The current market environment “could not be a more perfect time” for those who are in the “retirement red zone” to add a fixed indexed annuity to their portfolio.
Jackson National overcame declining annuity sales to finish the third quarter with strong revenue growth that won over Wall Street.
A new report from Delinea, an access management and security company, found that nearly 8 out of 10 companies it surveyed have had to use their cyber insurance and more than half of those have used it multiple times.
A state insurance regulator subgroup came up with a “quick fix” Wednesday to address faulty illustration problems within the Actuarial Guideline 49-A.
About 8 in 10 respondents to a recent study said they are taking steps to pass on wealth to their heirs, but are not discussing their plans with heirs – in some cases, in order to avoid any conflict such plans may evoke.
American Equity executives said fixed index annuity sales dropped in the third quarter because the carrier is being smart about pricing. Meanwhile, Brookfield Re abruptly announced it was selling its 16% share of the carrier.
Brighthouse missed revenue estimates and posted a net loss available to shareholders of $702 million. Annuity sales were up significantly, however.
Despite technological innovations and a growing emphasis on customer service, customer contentment with auto insurance industry is declining, according to a J.D. Power claims satisfaction study.
Many Americans fear the country may slide into recession, according to a new MDRT study, which also found that people would prefer personalized financial advice rather than relying on digital platforms or “universal rules.”
AmeriLife Group, a national leader in marketing, and distributing life and health insurance products, will acquire TruChoice Financial Group in an industry altering deal.
