The No. 2 seller of annuity products was reassured by new guidance issued by New York regulators.
Indexing will slow the rise in Medicare premiums for some retirees.
New York regulators issued new guidance that puts the industry at ease.
The SEC backed off a promising provision in its proposed rule, while New York takes on use of misleading titles in no uncertain terms.
The departures follow the news that Jackson National halted sales of some products in the state.
Despite overwhelming bipartisan support in the House, measure remains stuck in the Senate.
Legal and administrative challenges have stalled uptake by plan sponsors.
Advisers use storm that crushed the Bahamas as latest reminder for full insurance coverage.
Others insurers are also poised to pull out of the New York market given the tougher sales standards.
Two veteran advisers reflect on more than 35 years of managing retirees' assets and expectations
Six-partner Intermountain Financial Partners is based in Salt Lake City
This detail could catch clients off guard when they surrender or exchange a policy.
Promoters of insurance products can say pretty much anything in their marketing materials
The accounts come with powerful tax advantages, but not many people use HSAs, and even fewer use them in the optimal manner.
Rise in Medigap premiums is outpacing Social Security's cost-of-living adjustment, and the disparity is likely to get worse in 2020.
Few highly rated insurers are offering fixed annuities guaranteeing more than 3%, a challenge for advisers in search of yield for clients.
Limra Secure Retirement Institute data finds VA sales stopped declining.
Some financial advisers are wary of the possibility insurers will sell long-term-care blocks to private-equity firms or hedge funds.
Large firms are well-situated to comply with the cost standards in the SEC's Reg BI given changes they made to prepare for the DOL fiduciary rule.
The regulator issued an investor bulletin about indexed annuities that instead described a different product — a buffer annuity.
