With control of Congress divided between Democrats and Republicans, the efforts to reform health care will shift to the states over the next two years, a panel of consultants said.
Read moreA National Association of Insurance Commissioners working group wants to “enhance consumer understanding” with a proposed two-page summary to accompany life insurance illustrations. The group is making slow progress on the proposal, with a few issues remaining to work out.
Use a combination of high tech and high touch to drive strong benefits participation from millennial employees, who already comprise the largest share of the U.S. labor force at 56 million strong. And in many organizations, millennials are not just the worker bees, they’re already the decision-makers.
Expect “repeal and replace” to be a thing of the past now that Democrats will control the House. The advantage for agents and brokers is that they can tell their clients with certainty that no major changes to the law are expected any time soon, one analyst says.
A National Association of Insurance Commissioners working group wants to “enhance consumer understanding” with a proposed two-page summary to accompany life insurance illustrations. The group is making slow progress on the proposal, with a few issues remaining to work out.
Use a combination of high tech and high touch to drive strong benefits participation from millennial employees, who already comprise the largest share of the U.S. labor force at 56 million strong. And in many organizations, millennials are not just the worker bees, they’re already the decision-makers.
Expect “repeal and replace” to be a thing of the past now that Democrats will control the House. The advantage for agents and brokers is that they can tell their clients with certainty that no major changes to the law are expected any time soon, one analyst says.
An NAIC working group is debating whether to allow insurers to illustrate indexed annuities using indices that have been around less than 10 years. A new proposal would double that figure to 20 years. Opponents say the indices would not be accurate, nor easily understood by consumers.
While the SEC revises its rule-making package containing regulation best interest, Form CRS and title reform, several states are taking matters into their own hands, establishing a fiduciary standard in the hopes of better-protecting investors.
A National Association of Insurance Commissioners working group has been hashing out an annuity sales model. But the group’s chair says the model will not be done in time for NAIC’s fall meeting in San Francisco next month.
When it comes to figuring out retirement income and how to manage finances in the post-employment years, there is a big difference between pre-retirees and retirees. More than half – 56 percent – of pre-retirees said they frequently worried about their finances while only 36 percent of retirees said they did.
National Association of Insurance Commissioners members are debating how to best create an online resource of life insurance information for consumers. The effort is meant to supplement the NAIC Life Insurance Buyer’s Guide. More consumers are getting information online, so that’s where regulators want to be.
The dramatic increase of new RIAs is a sign that the independent channel remains an attractive place for large advisors to grow, one analyst said. Since 2013, new annual RIA filings have grown by 60 percent, from 150 RIAs in 2013 to 238 last year.
By a News Reporter-Staff News Editor at Investment Weekly News– J.P. Morgan Asset Management released findings from its fifth survey of U.S. retirement plan participants. The 2018 Defined Contribution Plan Participant Survey revealed that while their retirement outlook has improved, nearly half of plan participants still don’t feel they’ll be able to…
A few creative new life insurance and annuity products hit the market recently, led by Allstate’s Monthly Income Term.
FINRA levied $25.9 million in fines during the first six months of the year, up from $23.5 million in the first half of last year, according to a new mid-year analysis.
Here are three reasons why dental coverage is a core benefit for your group clients.
How agents talk to clients goes a long way toward whether they earn a sale or not. But these days, it’s more about using words that clients can understand — “cost” instead of “premium,” for example. The benefits of better communication could be significant.
Start-ups are working to improve agent-centric technologies as well as integrate agency and insurer systems.
In his new role, Mark Holweger will focus on continued business growth with an emphasis on investing in LGA’s distribution channels.
The National Association of Insurance and Financial Advisors is establishing the NAIFA Limited and Extended Care Planning Center to provide to meet consumers’ growing needs for advice and solutions in navigating longevity.
Across all the demographic segments, the most important financial goal was to have enough savings to last through retirement, then pay for health care costs.
Republican lawmakers are bidding to make last year’s tax cuts permanent, but face opposition. One industry group would like to see greater attention paid to retirement security aspects.
If you want to pay less income tax this year, you need to be proactive now before the end of the year. The new tax law passed last December governs tax returns for 2018.
Thirty-six percent of advisors position themselves to clients and prospects as a financial planner, according to a new survey.
Total annuity sales totaled $56 billion in the second quarter, a 15.9 percent increase from sales of $48.3 billion during the first quarter of 2018.
A National Association of Insurance Commissioners’ working group hopes to finalize a best-interest standard for annuity sales during a special two-day meeting next month in Chicago.
The New York Department of Financial Services passed tough cybersecurity rules for financial services last year, and more states are working on their own versions.
MDRT met recently to welcome a new president and secretary for the 2019 campaign.
Indexed life sales shot up during the second quarter to a near-record $552.7 million. That figure represents a more than 13.6 percent over the prior quarter, and more than 13.9 percent compared to the same period last year. Only the fourth-quarter 2017 showed higher sales, according to Wink data.
The positive and negative aspects of the Trump presidency on insurance and financial planning.
