They're not up to speed about the products themselves, either
An Idaho senator says people who have lost money in fraudulent investment schemes should be able to write off more of their state income taxes.
Sales of both variable annuities and fixed annuities fell in 2009, according to the latest data from LIMRA.
Goldman Sachs Group Inc. has retreated even further from the life settlements arena, shutting down Longmore Capital, its life settlements provider.
Volume from life settlements transactions is expected to reach $13 billion in face amount annually over the next three years, according to research from Aite Group.
For the first time they can recall, several independent broker-dealers have been solicited by life settlement companies to sell private placements of securities based on life insurance policies.
That's good news for consumer-oriented companies, which are likely to benefit from more incremental spending
Tighter regulation of sales, more mergers and continued capital building are three developments insurance carriers are likely to experience in 2010.
Sales of fixed annuities fell during the third quarter to $21.9 billion, a 21% decline from a year earlier, according to data from Beacon Research Publications Inc.
Reflecting the rebounding economy, financial advisers are attending more conferences and taking more courses for continuing-education credits.
Despite getting smaller, Royal Bank of Scotland still has some very big problems. Bad loans and a shaky economy top the list. Turning a profit? That's still a ways off.
The failure of Congress to plug the 2010 estate tax loophole has created considerable uncertainty.
With the estate tax laws set to expire by year-end — and no clear indication when Congress will address the issue — some financial advisers and attorneys see an opportunity for their high-net-worth clients in this extremely muddled situation.
Stocks have been in flux over the past few weeks as surprises kept coming from overseas. Greece's debt crisis, similar troubles in Portugal, and China's latest moves to slow down its economy have kept investors guessing.
Oklahoma State University's athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed funding plan for charitable insurance.
Standard and Poor's today downgraded The Phoenix Cos Inc.'s counterparty credit rating to triple-C+ from B-.
The Independent Insurance Agents & Brokers of New York Inc. will proceed with legal action to try to stop a New York Insurance Department producer compensation regulation from taking effect, the DeWitt, N.Y.-based group announced Wednesday.
Apparently, a fair number of men and women think they can -- or at least, that's what a new poll finds
