Fourteen plaintiffs are suing State Farm and “associates,” alleging that the defendants had a duty to inform them of PHL Variable’s financial troubles.
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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.
This tool helps insurers assess their progress in AI, gain insights into how their competitors are using AI, and identify missed opportunities where AI could deliver additional benefits.
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.
Life insurance application activity surged 18% in August from a year earlier, with the most significant gains seen among older Americans.
Artificial intelligence can help insurers modernize policy migration, making the process seamless for customers and providing better customer experience, according to Juan Huerta, head of AI with Zinnia.
An NAIC working group is leaning toward a model bulletin to quickly address problems with annuity illustrations.
Life insurance sales topped $3.1 billion in the first quarter, Wink, Inc. reported, up substantially over the first quarter and last year.
