Attorney rips insurers, agents over ‘incredibly complex’ IUL-focused plans
A growing group of consuner advocates say that IUL is a poor choice for retirement plans. One such attorney is engaged in lawsuits across several states.
Regulators move forward with offshore reinsurance ‘concepts’
Regulators voted Thursday to expose a pair of reinsurance documents designed to move regulators closer to an actuarial guideline to tighten offshore reinsurance testing.
Tax reform: What Congress does depends on November election results
Provisions of the Tax Cuts and Jobs Act of 2017 that impact individual taxpayers will expire at the end of 2025 unless Congress acts.
How important are financial advisor referrals to young investors?
At a time when social media is touted as the best way to reach a younger target market, how important are referrals for financial advisors?
Court rules that insurers are parties of interest in bankruptcy proceedings
The U.S. Supreme Court, in a recent decision, ruled that insurers are parties in interest in bankruptcy plans and can object to reorganization plans.
The retirement advice gap creates an opportunity for advisors
The gap in what clients want to learn about and what advisors are telling them presents an opportunity to strengthen relationships.
Federal appeals court to hear ESG rule arguments in July
A New Orleans federal appeals court is scheduled to hear arguments the week of July 8 on whether the Biden administration’s ESG rule meets the legal standard.
National Life Group is a ‘progressive mutual,’ CEO says, with record sales
National Life Group is one of the oldest mutual insurance companies in the United States, but CEO Mehran Assadi likes to call the insurer, “a progressive mutual.”
How to leverage your client base to grow your practice
Running a thriving practice means not only attracting clients, but also tapping into those clients to gain additional business
Ameritas lawsuit claims life policy conversion strays too close to STOLI
The defendant in a California lawsuit that challenges the line between life settlement and stranger-originated life insurance is asking the court to dismiss the complaint.
John Hancock expands its longevity arsenal
In its continuing effort to encourage proactive healthcare and longevity, John Hancock adds discounted access to advanced whole-body MRI
HSAs’ triple tax advantage can be a plus for retirement
Health savings accounts can be a significant vehicle to save for health care expenses in retirement, as HSAs have a triple tax advantage making them attractive ways to invest money toward filling in the gaps in Medicare coverage.
Advocate concerned that NAIC accelerated underwriting effort lacks teeth
After putting accelerated underwriting aside for a year, state insurance regulators are out with tentative guidance on the topic.
AI with your financial planning? Here’s what various generations say
About half Gen Z’ers and millennials are excited about how AI could impact their financial lives. What about older Americans?
Whole life down as life insurance sales slump in Q1, Wink reports
Whole life sales hit $1 billion for the quarter, down 12.8% compared with the previous quarter, Wink reported.
South Carolina couple sue advisor, Symetra over IUL-funded plan
A South Carolina couple claims that using an indexed universal life policy in a retirement planning strategy cost them substantial life savings.
Insurers, AM Best trade accusations in lawsuit over ratings downgrade
A pair of life insurers suing AM Best over a potential ratings downgrade say the defendant is refusing to share emails related to the controversial move.
Goldman Sachs survey finds RILA acceptance, rise ‘meteoric’
Annuity sellers are emphasizing value propositions that strike a balance between managing downside risk while offering upside participation.
AIG takes final step to complete Corebridge separation
American International Group (AIG) has completed the long-anticipated separation of Corebridge Financial, its former life and retirement unit.
