3 Reasons To Rethink The ‘Buy Term And Invest The Difference’ Strategy

If the Federal Reserve makes its first move to raise short term rates at its next policy meeting in mid-March, as some expect, you could be looking at higher credit card rates as soon as April or May.

A new workplace survey finds that self-reported overall health among American workers declined last year, with most employees saying their companies need to do more to support their mental, physical, and financial well-being.

About one-third of younger participants in 401(k) plans predicted that their retirement will be delayed because of the pandemic.

With inflation punishing consumers and threatening the economy, the Federal Reserve this week will likely signal its intent to begin raising interest rates in March for the first time in three years.

After some of the wrecks, the accused “sought emergency room and medical treatment for fictitious, fabricated and exaggerated accident symptoms and injuries,” and even hired personal injury lawyers to pursue their fraudulent claims, the indictment states.

Clients are satisfied with their advisory relationships, and the most significant client concerns have less to do with the level of service being provided and more to do with their own level of self-confidence about their financial future.

Does the insurance industry have a role in supporting the world’s transition to a net-zero-carbon economy? And if so, what is it?

Louisiana’s Department of Insurance took over Americas Insurance Company in a court-ordered receivership last week, making it the third financially-troubled insurer to require rescue in recent months.

A whopping three quarters of Americans admitted they are moderately or extremely stressed and almost as many blamed the state of their finances for that stress, according to a John Hancock survey.

One claim filed with California’s Employment Development Department was in the name of someone claiming to be a “children’s zoo caretaker” in Sacramento who earned $124,000 until being laid off because of COVID-19.

Employer-provided information and financial-wellness programs go a long way in helping many employees keep their financial lives on track and feel more confident about their finances, according to the 2022 TIAA Financial Wellness Survey.

A survey found the pandemic’s economic impact had an influence on consumers’ ownership of insurance products as well as their interest in buying.

As a new year begins, 64% of Americans are feeling anxious about their finances, according to a new survey, with inflation, COVID-19 and career pressure topping the list of concerns.

Technology within the insurance industry to continue to evolve in the coming year. Although it’s anyone’s guess what “normal” ultimately will mean, here are a few trends we expect will impact insurance in 2022.

The punishment for not acting as a fiduciary when you should have done so is potentially catastrophic to your practice and your net worth.

As the rebuilding process begins in Boulder County, thousands are left wondering how they will actually pay for it all when many insurance policies are not covering the full amount of construction and replacement costs.

With inflation surging, unemployment falling and wages rising, some economists are warning that the Federal Reserve may have waited too long to reverse its ultralow-rate policies- a delay that could put the economy at heightened risk.

Fifty-three percent of the American workforce prefers talking to an advisor in person, while only 31% prefer a video meeting and 30% favor an online chat.

Financial services firms who invested in next-gen technologies and continued their digital transformation push in 2021 are already experiencing the positive effects of these investments, according to a new global survey.

Just as a choir is made up of many different voices, two women are challenging financial services to include a diverse range of voices on stage at industry events.

The U.S. life insurance industry is on track to post its fastest premium growth in nearly 20 years, according to S&P Global Market Intelligence Report.

The study provides a revealing snapshot on where producers are two years into the COVID-19 pandemic, how the evolution with BGAs and IMOs is proceeding, and how recruitment of producers is going.

Thursday’s ruling does not end the legal battles over the vaccine mandate. It just allows the mandate to be enforced while lawsuits over the mandate continue to play out.

Lael Brainard, President Joe Biden’s nominee for the Federal Reserve’s No. 2 spot, said Thursday that combating high inflation is the central bank’s top priority and said she believed the Fed could reduce it without sacrificing economic growth.

A new study from the Employee Benefit Research Institute finds that health savings targets for a retiring 65-year-old increased between three and eight percent in 2021 relative to the targets for a 65-year-old retiring in 2020.

Add saving for retirement to the list of things that COVID-19 has impacted, according to a new survey from the personal finance website The Penny Hoarder.

In a recent research report, Americans report their top five biggest financial-advice gaps. The results reveal a need for more active financial planning.

Health insurers might be looking at higher long-term healthcare costs directly and indirectly related to the ongoing pandemic, a Fitch Ratings analyst said Tuesday.

With the pandemic still making it difficult for many advisors to meet frequently with prospects face-to-face, many of them are looking for methods they can use to acquire and engage clients in this COVID-19 environment.

Regulators are honing best-interest principles after President Joe Biden’s administration allowed a rule published by his predecessor to take effect in February 2021.

The state-backed Citizens Property Insurance Corp. continued to add thousands of policies a week in December, while new legislative proposals would try to steer more homeowners into the private insurance market.

The average per-employee cost of employer-sponsored health insurance jumped 6.3% in 2021 as employees and their families resumed care after avoiding it in 2020 due to the pandemic.

Starting Saturday, private health insurers will be required to cover up to eight home COVID-19 tests per month for people on their plans. The Biden administration announced the change Monday as it looks to lower costs.

There was an expectation by life insurers that COVID-19 deaths would decline as vaccination rates increased throughout 2021. That has not happened, but most life insurers are not reporting any strong impact from higher mortality rates.

Households must put their own personal financial safety net in place. The financial services industry, particularly the insurance segment, must step up and help.

According to a new survey from Lincoln Financial Group, 59% of consumers said they plan to make permanent changes to the way they spend and save money as a result of the COVID-19 pandemic.

Democrats in the California Legislature on Thursday revived a plan for what could be the nation’ s first universal health care system— prompting strong opposition from doctors and health insurers over tax increases for businesses and individuals that would pay for the plan.

State Democratic lawmakers have filed bills to delay the payroll tax that funds WA Cares until July 2023, and allow more people to opt-out of Washington's first-of-its-kind long-term care program.

Regulation, business interruption insurance wrangles and some high-profile cases dominated our property & casualty coverage in 2021.

Regulators were busy in 2021 and annuity sales remained a prime target.

There’s never a lack of stories about advisors and the advice they offer. As in other years, 2021 was replete with predictions and proclamations about financial direction.

As businesses struggle to attract young workers to entry-level positions, the COVID-19 pandemic is driving a wave of early retirements.

NAILBA and Finseca announced today that their respective board of directors have voted to initiate a process to explore a merger, which would create a powerful industry lobbying group.

But the most popular health-related article of the year dealt with a topic that impacted our readers’ practices.

A law to ban unexpected medical bills that took effect on New Year’s Day sounds simple enough. But, like many things out of Congress, the details are complicated. There are questions about how the “No Surprises Act” will be calculated and enforced, and there already have been several lawsuits filed seeking to change or eliminate elements of the complex legislation.

Fraudsters earned plenty of headlines throughout 2021 for a variety of scams, improper sales and lawsuit activity.

Residents and business owners who lost everything in the Marshall Fire face a daunting insurance situation in which skyrocketing property values and supply-chain shortages make it unlikely that many home or business insurance policies will cover the full cost of rebuilding.

Courts in several states continue to referee an unraveling of the saga with a team of attorneys representing at least 142 plaintiffs in an Arizona bankruptcy court. A March 3 hearing is scheduled in that case.

Interest in annuities is exploding because of pandemic-related financial turmoil. Changes ushered in with the 2020 SECURE Act also made it safer for employers to offer annuities.

Florida home insurance costs will likely rise even higher than expected next year as companies increase the replacement value, or the estimated cost of replacing a damaged home, to reflect skyrocketing costs of construction materials and labor.

A record 13.6 million Americans have signed up for health coverage for 2022 on the Affordable Care Act marketplaces, with nearly a month remaining to enroll in most states.

Facing surging inflation and a Democratic Congress hell-bent for leather on deficit spending, Federal Reserve Chair Jerome Powell offers the weakest possible response to pressures for action.

Walter Malet, 32, was sentenced to three years in prison for his part in defrauding his former employer, Security First Insurance Co., dating to August 2018.

This year has taught financial advisors many valuable lessons—lessons that should hopefully prepare them to handle the numerous opportunities and challenges that await them in 2022.

Setting New Year’s resolutions allows us to exercise the virtue of aspiring to a goal and following through on it, having a sense of control over the events in our life.

Americans say they worried the most about the COVID-19 pandemic in 2021, but rising inflation is now seen as the biggest risk to their retirement plans.

California legislation requires health plans and health insurers to pay for workplace COVID-19 testing performed retroactively to March 4, 2020, when a state of emergency was declared due to the coronavirus.

The pandemic effects, combined with the persistent low-interest-rate environment and ever-changing regulatory landscape, made annuity sales a difficult proposition in 2021.

Health & Human Services Secretary Xavier Becerra announced Wednesday that a record 13.6 million Americans have signed up for health care coverage through insurance exchanges launched during the Obama Administration.