MetLife Inc.'s announcement last week that it will stop writing new long-term-care insurance shocked advisers, raising fears that rates will rise for existing blocks of business and that other carriers will exit the industry.
State insurance regulators are not likely to approve John Hancock's recently announced long-term-care rate hikes, denting third-quarter profits for the insurer's parent company, Manulife Financial Corp., according to analysts.
The costs of long-term-care continue to rise, although at a slower pace than before the economic slowdown as nursing homes and home health care providers reduce charges.
Retirement plan administrator says insurance group ran a pay-to-be-on-the-platform scheme
Expanded definition of 'fiduciary' likely to hamstring funds that work with plan sponsors and participants.
In my ongoing effort to keep advisers abreast of ways to engage the next generation, I came across an entertaining website for you to share with parents or grandparents who can in turn share with their young ones.
New York Life Insurance Co. has kicked off a program that will allow agents to meet the tougher fiduciary requirements set by the Labor Department
Affluent investors stampeded to convert IRAs to Roth IRAs last year, particularly at the end of 2010.
Although Americans' overall financial security and confidence in their ability to pay for their kids' college tuition has increased slightly over the past six months, financial advisers are observing mostly negative attitudes — with a few surprises
Tax law a boon to wealthy savers who convert traditional retirement accounts to Roths this year
Modern Bank NA, a lender to the wealthy where former football quarterback Joe Montana is vice chairman, hired Citigroup Inc. veteran Damian Kozlowski to lead a turnaround after almost $30 million of losses in five years.
Instead of fighting with advisers over the estimated $1.5 trillion in 401(k) rollover assets, record keepers may want to work with them.
It's been slow in coming, but the mutual fund industry is finally beginning to offer specifics about the type of backstop it wants to set up for money market funds.
Is it truly worth the time and effort to build a 401(k) practice — or expand your existing one?
Participants in some 401(k) retirement plans managed by Vanguard Group Inc. now have access to advice from certified financial planners.
As we enter the New Year, financial advisers are probably asking themselves about the strength of the recovery and whether their firm is positioned to capture new clients and talent
Like automobiles, the future of long-term-care insurance may lie in hybrids.
MetLife Inc., the largest U.S. life insurer, will halt the sale of new long-term care coverage after citing “financial challenges” in the business.
