Financial services is the hardest career in the world – and that’s why you should love it. Joe Templin, author and coach, said there are many reasons to love the business and many ways you can build a practice that loves you back. Serving clients, he said, “is a reflection of love.”
While updated figures as of late January show that a record-breaking16.3 million people are enrolled in ACA health insurance exchanges, this number could grow further due to a fix in the so-called “family glitch.”
The Affordable Care Act requires most private health insurance plans to cover a set of essential health benefits, including reproductive health services.
Although Brighthouse Financial is focused on registered index-linked annuities, the company had a boost in fixed deferred annuities in the fourth quarter because of high interest rates.
With about two-thirds of companies surveyed expecting to increase their focus on CI insurance over the next few years, the market is growing rapidly, with a global market value of $354 billion expected by 2031, according to recent studies.
Global fund manager KKR said a surge in management fees, assets under management, and new business growth in its insurance subsidiary, boosted fourth earnings that vastly blew past Wall Street estimates.
Financial services and insurance firm Equitable Holdings defended its 2022 fourth quarter and year-end results, calling them “strong” when considering the tough economic and market environments. The company blamed the results, which badly missed Wall Street expectations, on lower markets, hedging and non-performance risk under GAAP accounting.
A New York appeals court allows a family to fight over benefits from a policy that two beneficiaries would have let lapse if it weren’t for their mother, who now wants to cut them out.
For those in several states who think they have a big refund coming, the IRS wants them to delay filing their taxes until it can figure out whether they owe more from rebates received last year.
Annual family premiums for employer-sponsored health insurance averaged $22,463 last year, according to a recent KFF survey. The average premium for family coverage has increased 20% over the last five years and 43% over the last ten years.
Recent statistics and surveys paint a scary picture of an aging American population that doesn’t understand the financial realities of retirement. The Secure 2.0 Act has helped shine a light on this issue.