Results for "long-term care"

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Manulife cites 'challenging' businesses amid spinoff talk

August 10, 2017

Manulife Financial Corp., Canada's largest life insurer, acknowledged that it has poorly performing books of business amid speculation that the company is seeking to exit its John Hancock operation in the U.S. "We have some challenging blocks...

China Oceanwide agrees to buy Genworth for $2.7 billion in cash

October 24, 2016

China Oceanwide Holdings Group Co. agreed to buy Genworth Financial Inc. for $2.7 billion in cash, pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher-than-expected losses tied to long-term...

Long-term-care insurance market sees rapid decline

July 21, 2016

The traditional long-term-care insurance industry is in a difficult spot. Sales have dropped precipitously over the past several years, due to factors outside insurance companies' control — such as persistently low interest rates and demographic...

DOL fiduciary rule can also be applied to insurance

June 12, 2016

What's the best type of life insurance? That question has been been debated for decades. In the 1980s, universal life products were considered the best. In the 1990s, it was variable universal life products, and in the 2000s, it was guaranteed...

Make clients aware of filial laws that could wreak havoc on the financial security of millions

June 5, 2016

Longer life expectancies, coupled with skyrocketing nursing home costs, mean more retirees face the prospect of outliving their savings. The situation also jeopardizes the retirement security of their children, many of whom are members of the...

Why filial laws are a 'sleeping giant' that could prompt long-term-care planning

May 24, 2016

For those clients stubbornly objecting to engage in long-term-care planning, here's a point that could drive home its importance: They could inadvertently stick their kids with a huge medical bill down the road. That's because of something known...

Advisers' role in retiree health care

May 15, 2016

What's the single biggest expense that your clients will face once they've retired? Housing? Recreation? How about health care costs? Between Medicare premiums and the portion of medical bills Medicare doesn't pay, health care costs are actually...

The road to retirement just got rockier

April 3, 2016

Insurance companies finally are accepting that interest rates are not likely to increase substantially in the foreseeable future and are pushing up the costs of some key forms of insurance — long-term care coverage in particular — which...

Genworth to pay $219M to settle securities lawsuit related to long-term-care insurance

March 14, 2016

Genworth Financial Inc. has settled a class-action lawsuit alleging misrepresentations over its long-term-care insurance business for $219 million. Genworth, the largest long-term-care insurance carrier, announced after the market close on Friday...

Genworth debuts new annuity for long-term-care coverage

February 22, 2016

Genworth Financial, the largest provider of traditional long-term-care insurance in the U.S., on Monday debuted an annuity product that marks a new way the firm can deliver LTC coverage to consumers. The launch follows Genworth's announcement...

Genworth doubles down on LTC business in challenging market

February 5, 2016

Genworth Financial Inc. is doubling down on its long-term care business unit amid a challenging market environment that's seen LTC sales dip markedly over the past several years and insurers suffer due to low interest rates. Genworth on Thursday...

Clients need prep for long-term care

December 30, 2015

A recent survey conducted by Lincoln Financial Group, “Managing Long-Term Care Risk,” revealed some surprising reasons why Americans, aged 18 and over, are so unprepared to meet their long-term-care expenditures in retirement. An astonishing...

Advisers shy away from LTC insurance dialogue: Study

October 20, 2015

Although it's generally understood that evaluating a client's long-term-care needs is an important part of retirement planning, few advisers are using LTC insurance products with clients or having conversations with them about LTC. A new Lincoln...

Advisers tell clients: Think of retirement as '35 years of unemployment'

October 16, 2015

Americans' life expectancy continues to climb, new estimates out this month from the Society of Actuaries show. Official assessments such as these can impact client planning on many levels, including how large a required minimum distribution...

Cognitive impairment, lower income drive higher LTC insurance lapses: Study

October 7, 2015

Cognitively impaired individuals are more likely to allow a long-term-care insurance policy to lapse even though they're more likely to need long-term care in the future, according to a new study conducted by the Center of Retirement Research...

The latest data on life insurance companies and long-term-care providers

September 20, 2015

Life insurance companies, ranked by direct premiums Company 2014 direct premiums ($M) Market share Metropolitan $11,261.1 7.66% Northwestern Mutual $9,516.4 6.48% New York Life $8,185.6 5.57% Prudential of America $7,731.1 5.26% Lincoln National...

Fidelity throws its weight behind longevity annuities

August 21, 2015

Fidelity Investments is giving its clients a new option for planning for the costs and risk of living longer. The retirement-plan services giant said Thursday it will offer a variety of deferred-income annuities to individual retirement accounts....

Elder care needs will transform advice industry

May 11, 2015

If you're like most financial advisers, you are focused on how to capture a piece of the lucrative IRA rollover market as baby boomers transition into retirement. But fast forward 10 or 20 years and those same clients may be less interested...

Advisers fall short on implementation of long-term-care insurance

May 5, 2015

Assessing long-term-care insurance needs is part of the retirement planning process, but advisers tend to fall short once the need for care actually arrives. Older clients are in a crunch at the moment as public spending and eligibility for...

2 health savings account changes clients can make to unlock their full potential

April 6, 2015

Few topics elicit a greater response from financial advisers than health savings accounts. This interest is warranted as rising health care premiums and the consumer-directed trend in health insurance have fueled meaningful growth in HSA popularity....

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