As complexity grows, so does need for clear language, group told
B-D execs are up in arms over The Hartford's VA plan, saying considerable legwork will be required to ensure clients don't lose living benefits; litigation's a big concern, too.
Failure to respond to new restricted investment menu could see rider yanked; 'off guard'
Texas latest to encourage holders to sell life insurance, use proceeds for long-term care.
Insurers are hedged but customer reaction could scramble best laid plans.
Seen as bigger problem than in the past; 'much worse'
Restructuring puts two MetLife B-Ds under one roof, ups pressure to sell proprietary products.
The Hartford is reining in investment options for some variable annuities, leaving advisers scrambling to find their clients who have them. That's raising worries about the amount of work — and potential liability — they may face.
Early reports suggest that The Hartford's buyback terms for some of its legacy VAs are extremely generous. How generous? Some clients can cash out early at full value.
But CEO says regulators need to understand the business better.
The Financial Stability Oversight Council has classified both AIG and Prudential as 'too-big-too-fail.' That's too bad for customers. Here's why.
Not a ton of excitement but advisers intrigued by newfangled approach.
If designation holds, firms will be subject to Fed oversight, stricter control
New offering opens up access to insurance brokerages offering annuities, disability, long-term care.
