Results for "life insurance"

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New life insurance study debunks 'buy term, invest the difference'

July 28, 2015

For decades, the rallying cry of the financial advice industry has been for clients to buy inexpensive term life insurance rather than more expensive whole life insurance and invest the premium savings on their own. The only problem is most...

Willis Group and Towers Watson to merge

June 30, 2015

Willis Group Holdings PLC, the world's third-largest insurance broker, and Towers Watson & Co., the world's fifth-largest investment consultant by assets under advisement, announced on Tuesday they have agreed to an all-stock merger creating...

MetLife files suit to fight 'too big to fail' status

June 17, 2015

MetLife takes big issue with its “Too Big To Fail” status by filing suit against the Financial Stability Oversight Council. Charging FSOC with acting as 'judge, jury and executioner' Looking past the fact the Fed is not expected to announce...

Raymond James bolsters indexed annuities and life wholesaling with acquisition

May 29, 2015

Looking to step up its indexed annuities and life wholesaling game, Raymond James Financial Inc. announced Friday it would acquire The Producers Choice, an insurance marketing organization. The deal is expected to close mid-summer, and Producers...

As indexed universal life sales climb, be sure to mind the risks

April 20, 2015

Indexed universal life insurance has been pretty hot as of late, but how much do you know about how it works and when to use it? Annual indexed universal life insurance premiums hit $1.56 billion at the end of 2014, reflecting a 14% increase...

SEC goes after firm for fraud tied to life settlements

April 8, 2015

The Securities and Exchange Commission has charged a California investment firm with fraud and securities violations surrounding investments tied to life insurance policy death benefits. The SEC alleges Pacific West Capital Group Inc., based...

Northwestern Mutual purchases LearnVest

March 25, 2015

Northwestern Mutual Wednesday announced it will acquire LearnVest, an online advice platform that also provides one-on-one financial counseling through financial advisers. Terms of the deal were not announced. As part of the deal, Northwestern...

Northwestern Mutual agrees to settle annuities suit for $84 million: report

March 17, 2015

Northwestern Mutual Life Insurance Co is paying $84 million to settle a class action lawsuit that claimed the firm illegally reduced payouts on annuities it sold 30 years ago. The lawsuit covered about 4,000 current and 29,000 former owners...

Bigger & Better

March 16, 2015

Though these billion-dollar babies are a diverse group, on the whole they appear to be growing their businesses faster, trimming overhead more aggressively, serving larger clients and generating more money for their owners than their smaller...

Robert Benmosche remembered as tenacious, fair by colleagues

February 27, 2015

Steve Miller called him tenacious. Steve Kandarian remembered his fighting spirit. As Maurice “Hank” Greenberg put it, Robert Benmosche, who died Friday at 70 after leading two of the biggest U.S. insurers, “was a fighter.” “If he...

The Mutual Fund Store adds new products, services as it eyes eventual IPO

February 15, 2015

Three years after taking over leadership of The Mutual Fund Store from its charismatic, straight-shooting founder, Adam Bold, John Bunch is starting to make his mark by expanding its products and services. The company is expanding its financial...

Don't let beneficiary designations come back to haunt divorcing clients

January 27, 2015

When gearing up for a divorce, don't just check all of the beneficiary designations — make sure you're aware of how state laws will affect life insurance death benefits. Scrutiny of beneficiary designations amid a divorce sounds like a no-brainer,...

MetLife plans to sue to overturn Dodd-Frank systemic-risk label

January 13, 2015

MetLife Inc. said it will sue to overturn a U.S. finding that subjects the insurer to tighter oversight under the Dodd-Frank law, becoming the first non-bank financial firm to file such a challenge. A complaint will be filed today in federal...

John Hancock buys New York Life's retirement unit; New York Life acquires block of John Hancock's life insurance biz

December 23, 2014

In a two-part tradeoff, John Hancock will acquire New York Life's Retirement Plan Services business, and New York Life will take on a block of John Hancock's life insurance business. The two deals were announced by both New York Life and John...

National insurance registry falls short of goal line, tax extenders passes

December 17, 2014

Legislation that would have established the first national registry for insurance agents, facilitating practices in multiple states, was stopped one yard short of the goal line Tuesday night. A bill containing the provision died when it was...

Senate set to approve national insurance-agent registry

December 16, 2014

By the end of the week, Congress is likely to approve legislation that would establish the first national registry for insurance salespersons, a step that will make it easier for them to practice in multiple states. The Senate is considering...

Top Jackson National exec Clifford Jack to step down

December 16, 2014

Clifford Jack, a longtime executive at Jackson National Life Insurance Co. and the progenitor of its independent broker-dealer network National Planning Holdings Inc., is leaving the company. Mr. Jack, 51, joined Jackson National in 1995 and...

Insurance vehicles can be powerful way for advisers to reach younger investors

December 16, 2014

For advisers who want to expand their firms by reaching out to the next generation of investors – those in their 20s, 30s or 40s – long-term and cross-generational financial vehicles such as fee-only life insurance and no-load annuities...

How Social Security annual increases are calculated

November 7, 2014

Some topics are a lot more controversial than others. But I was amazed when my October 1, 2014, article that correctly predicted next year's 1.7% cost-of-living adjustment for Social Security benefits several weeks before the official announcement...

Early onset Alzheimer's: When plans are upended

November 3, 2014

Ken Sullivan and his wife, Michelle Palomera, seemed like ideal clients. Both had well-paying jobs in financial services and had been diligent savers. Their financial adviser helped them cover their bases, building their money in managed accounts...

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