How to address your client’s annuity concerns
Although annuities are experiencing record sales, financial professionals may still face objections when trying to sell them.
The retirement risks your client may not have considered
Taxes and legislation can post a greater risk to a client’s retirement than what they realize.
$15M premium financing lawsuit against bank, advisor, PacLife is settled
An Oklahoma lawsuit over a premium financing plan involving a $15 million life insurance policy has been settled.
Are financial woes keeping young high earners from actively planning for retirement?
Are concerns about student loans and a high-interest housing market keeping young high-earning Americans from retirement planning?
Does it make sense to plan to age 95?
A new report said that with 95% of Americans older than 60 having at least one chronic condition, the average actuarial life expectancy for those with chronic health conditions is significantly lower.
‘We’ll continue to fight’: Greg Lindberg attorney says bribery case isn’t over
An attorney for embattled financier Greg Lindberg hinted at an appeal two days after his client was convicted for a second time on bribery charges.
Winning the war for the highest share of consumer wallet
Exploding consumer engagement with financial services firms is requiring competitors to fight harder for their share of consumers’ wallets.
‘Cash Flow King’ says plea deal is imminent to resolve Ponzi fraud case
Matthew Motil, host of the podcast, “The Cash Flow King,” has reached a plea agreement with federal investigators to resolve a criminal investigation into an alleged $11 million Ponzi scheme, his attorneys say.
While insurers plan more ESG investment, survey finds challenges
While many insurers plan to increase their ESG investment over the next three years, there are a number of challenges, a recent study finds.
State Farm ordered to turn over some docs in lawsuit over total loss values
A federal judge ordered State Farm to turn over a portion of the documents plaintiffs requested in their class-action lawsuit over vehicle loss assessments.
Greg Lindberg faces up to 30 years in prison after guilty verdict on bribery charge
Greg Lindberg, former owner of Colorado Bankers Life Insurance Co., was found guilty of bribing the North Carolina insurance commissioner for a second time.
Beltway lawmakers seek a Congressional block on DOL fiduciary rule
A pair of resolutions filed today — one in the House, one in the Senate — seek to preempt the Department of Labor Retirement Security Rule and its fiduciary duty.
Where does U.S. stand with public long-term care? States to watch
Since Washington State launched its publicly funded long-term care insurance program, six more states have begun eyeing possible public financing.
SCOTUS declines to hear lawsuit over Country Mutual Insurance profits
The U.S. Supreme Court declined to intervene Monday in a lawsuit brought by Country Mutual Insurance Co. policyholders alleging the insurer is hoarding profits.
‘Chunky’ spending becoming the retirement norm
The right mix for retirement planning doesn’t mean million-dollar portfolios, but, often, advice for “chunky” spending, a recent study finds.
Former American Income agent surrenders license in phony life app flap
A Pennsylvania agent found to be selling fictitious life insurance policies is providing more ammunition for critics of Globe Life Insurance Co.
Millennials, Gen Z twice as likely to get financial advice online, study finds
Financial professionals should leverage social media to connect with millennials and Gen Z, a new study finds.
Wash. state long-term care insurance faces ballot question threat
A unique long-term care insurance benefits plan in Washington state may be threatened by a November ballot question.
Insurers urged to be ready for Ozempic craze, discuss coverage with clients
With weight-loss drugs like Ozempic rising in popularity, insurers need to talk with their clients to determine coverage solutions.
