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Decision in AXA excessive-fee lawsuit preserves the status quo
One attorney called the lawsuit an "attack" on the investment-management structure within variable annuities.
Insurers developing fee-based fixed-indexed annuities post-DOL fiduciary rule
Allianz, Voya, Symetra and Lincoln Financial are forging ahead into virtually uncharted waters for product development.
Now is the time to talk to clients about life insurance portfolio management
Mainstream media is educating clients, prospects, advisers and centers of influence about the undesirable consequences of an unmanaged life insurance policy.
Health savings account limits to increase for some in 2017
But policy buyers on Healthcare.gov may be out of luck.
Prudential fined $950,000 for failures in elderly customer’s variable annuity account
Finra says the firm failed to detect and prevent theft of approximately $1.3 million from an 89-year-old man's account.
MetLife to reduce costs 11%, cut jobs
The largest U.S. life insurer plans to cut expenses by about $1 billion as low interest rates squeeze investment income.
Four life insurers will pay $3.4M to settle probe over death benefits
The settlement was part of a broader crackdown by regulators in five states on insurers who allegedly failed to make death benefit payouts on a timely basis.
MetLife penalty puts spotlight on bad variable annuity switches
Bad VA switches were supposed to be a thing of the past, but the independent broker-dealer industry should take heed of this fine.
How insurers are losing when it comes to variable annuities
Tight restrictions are placed on investment options in VAs with guaranteed income to reduce their risk. Returns have lagged as a result, frustrating advisers and investors.
MetLife VAs flounder as Fidelity halts sales
The insurer's variable annuities dipped 39% year-over-year in the second quarter, offering a glimpse into the power of big distributors like Fidelity.
Why filial laws are a ‘sleeping giant’ that could prompt long-term-care planning
The laws create the possibility that clients' their long-term-care expenses may be shouldered by their children
Indexed annuity sales have best-ever quarter in Q2: Limra
Low interest rates and demographic trends continue to bolster indexed annuity sales. These dynamics also pushed deferred income annuities to their best all-time sales quarter.
Jackson National, Prudential cease sale of some L-share variable annuities
Some insurers are turning away from L-share variable annuities as appetite wanes among broker-dealers.
Former MetLife, Prudential broker accused of deceptive variable annuity sales practices
The adviser allegedly hid improper annuity exchanges from his clients and broker-dealers in part by falsifying documents and misrepresenting some of the annuity features.
Brokers becoming a primary distribution focus for life insurers
Life insurance and annuity carriers are focused on growing distribution through brokers. Direct-to-consumer sales, though, reign king.
Finra targets variable annuities as ‘sweet spot’ of scrutiny
Following record MetLife fine, regulator says VAs are now at the core of their focus: complex products marketed to seniors.
Pacific Life expands reach in term life insurance market through Genworth acquisition
The insurer is trying to expand outside the affluent market with the purchase of a tech platform.
MetLife is second major insurer to exit the brokerage business, in the sale of adviser unit to MassMutual
MetLife is the second major insurer to exit the brokerage business, in the sale of its adviser unit to MassMutual. Mergers may be on the rise due to the Labor Department's proposed fiduciary rule.
Indexed annuity distributors weigh launching B-Ds due to DOL fiduciary rule
The move would allow insurers to sidestep additional risk in distributing through independent agents.
Millennials and life insurance — not their parents’ policies
New offerings for the younger market have made the life insurance industry ripe for disruption.
