Displaying 3277 results
Long-term care settlement to cost CalPERS as much as $2.7B
Policyholders saw an 85% bump in their premiums in 2015, despite assurances when they signed up that rates would not increase.
Three more states adopt annuity suitability rules
Virginia, Maine and Alabama recently adopted rules tracking the model ‘best interest’ measure approved in 2020 by the National Association of Insurance Commissioners.
Principal to halt sales of retail fixed annuities, consumer life insurance
The insurer will also pursue sales of blocks of those assets that are already in force. It said that it will continue selling variable annuities.
Halo adds AIG annuities
The fee-based products will be part of Halo's digital platform, which also offers structured notes, market-linked CDs and buffered ETFs.
Covid highlights need for long-term care planning
While the pandemic undermined Americans' confidence in nursing homes and home care is preferred, its cost could exceed that of a nursing home.
Decumulation in an evolving interest-rate environment
Current low interest rates add to the stress of establishing a retirement strategy because the 'cost' of generating retirement income from a portfolio of stocks and bonds is now higher.
Gen Xers are most likely to buy annuities: Survey
Pensions are all but nonexistent for younger workers, and many are worried about cuts to Social Security.
Insurance-focused B-D received $550,400 PPP loan last year
The sum, received by The Leaders Group Inc., appears to be in the middle range of government loans received by privately held broker-dealers who obtained Covid-19 business relief.
U.S. sues to block Aon’s $30 billion Willis Towers deal
The Justice Department says the deal, which would create the world's largest insurance brokerage, is anticompetitive.
MassMutual reps managing $400 million switch to LPL
Alicia Curtis and Jyl Barnard of Curtis Barnard Financial Services and Chris Dearing of Riverfront Financial share an office in Peoria, Illinois.
Carson Group partners with insurance marketing firm
The deal with Financial Independence Group gives all of Carson’s advisers access to the same list of company-vetted products, including annuities, life insurance, long-term care insurance and disability insurance.
LPL signs on $36 billion insurance company B-D as clearing client
CUNA Brokerage Services agreed to become a clearing and custody client at LPL. The firm has $36 billion in assets and close to 550 advisers who work at credit unions.
Northwestern Mutual team managing $420 million joins LPL
The four-adviser group in Atlanta will open an office for OSJ Bleakley Financial Group.
Younger insurance buyers regret Covid panic purchases
Many who rushed to purchase life insurance policies amid the pandemic are now cancelling their coverage, a survey shows.
Plans, savers more aware of retirement income, but will demand follow?
Among retirement plan participants, about 90% said they are interested in retirement-income products and that having guaranteed income would be a plus, according to a BlackRock survey.
If rates stay low, expect retirement security to take a hit
Some of the factors that have led to the current low-interest-rate environment could remain in play for years, according to an analysis of existing research recently published by the Society of Actuaries.
T. Rowe Price introduces plan tool for retirement income
The goal is to help plan sponsors assess the possibilities more strategically
Satisfying changing risk appetites
If your clients are rethinking their appetite for risk, it may be time to make changes. Talk about reallocating a portion of their savings to annuities to help safeguard their retirement years.
Early CalPERS Long-Term Care clients squeezed by rate hikes
Two impending hikes that would boost premiums for existing CalPERS Long-Term Care insurance customers by 90% make coverage hard to justify, one policyholder said.
Life insurance sales jump 11% in first quarter
The quarterly sales growth was the highest since 1983, according to Limra.
