AM Best has downgraded the financial strength ratings of two Advantage Capital Group insurers, citing deteriorating capital and other issues.
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On the same day that the Trump administration placed a temporary moratorium on registering new agents to enroll consumers in Affordable Care Act coverage, the administration announced it is canceling ACA coverage for about 750,000 people.
New lawsuit alleges Delaware Life understated related-party investments and withheld key information from annuity buyers.
Advisors should be thinking not about whether clients can afford a loss, but whether they want to absorb that loss.
Fourteen plaintiffs are suing State Farm and “associates,” alleging that the defendants had a duty to inform them of PHL Variable’s financial troubles.
Life insurance can play a key role in a client’s financial plan, offering a source of liquidity that doesn’t depend on market conditions.
Retirement providers are investing in digital engagement as competition for retirement assets, rollovers and retention grows.
As some clients age, their financial advisors might take on the added task of helping them manage diminished mental capacity, which includes memory loss and poor financial judgment.
In its own 32-page lawsuit, the A-Cap insurers accuse Wise of a prolonged and failed campaign to punish the companies.
Baby boomers relied on a combination of Social Security, personal savings and a pension. Gen Xers do not have the last leg of the retirement stool.
South Carolina insurance regulators are taking another shot at placing two Advantage Capital Partners-owned insurers into rehabilitation.
Nearly 40% of middle-class Americans said they plan to use Medicare to cover their future long-term care expenses – even though Medicare doesn’t cover LTC.
The first rate adjustment under Fed Chair Kevin Warsh and runs counter to President Donald Trump’s repeated calls for lower borrowing costs.
Although no final policy has been issued, agent organizations are mobilizing against it before open enrollment begins on Nov. 1.
NAIC regulators are closing in on changes that would limit the use of historical investment returns in annuity illustrations.
Equitable has launched what it says is the first bitcoin-linked option within a registered index-linked annuity, tied directly to BlackRock’s IBIT ETF.
An increasingly younger percentage of Americans known as the “sandwich generation” faces more difficulty saving for retirement as they balance caring for their own young children and for aging parents.
The Consumer Federation of America is pushing for legislation that would penalize insurers for delayed payments of insurance claims, including requiring insurers to pay interest to customers for late payouts.
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A client’s insurance needs can change at any time for a wide range of reasons. Advisors need to be alert and ready with solutions.
