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Health care reform: Fast facts on investment income tax and other key changes
President Barack Obama signed a major health care overhaul bill Today. Here are some of its features, along with details on a package of changes to the legislation under consideration by the Senate this week.
A tale of new retirement products
For a look at the retirement products advisers can expect in 2010, the insights of some literary greats — Charles Dickens, Voltaire, Lord Byron and Jane Austen — may be more illuminating than you would imagine.
How Obama’s health care bill would effect tax on investment income
High-income families would be hit with a tax increase on wages and a new levy on investments under President Barack Obama's health care overhaul bill.
Obama wants to apply Medicare tax to investment income
President Barack Obama's health plan proposal would extend Medicare taxes to the investment income of higher-earning households.
AIG makes key hires and sells more assets
American International Group Inc. recently made several high-level appointments and agreed to sell some assets, but recruiting talent and repaying government debt will remain challenges, according to experts.
Insurers pan Obama’s proposed tax on investment income
The American Council of Life Insurers today blasted a newly floated tax proposal on unearned income — part of a series of suggested changes to the Patient Protection and Affordable Care Act of 2009.
Will regulators kill off fledgling secondary market for death benefits?
State insurance regulators Monday voted in favor of a proposal that would allow carriers to terminate an annuity living or death benefit if a client sold the contract over the secondary market.
Life settlements’ annual volume to hit $13B: Study
Annual volume from life settlements transactions is expected to reach $13 billion in face value over the next three years, according to research from Aite Group LLC.
Red-faced ASPPA apologizes for e-mail gaffe
The pension and actuary group sends a mea culpa to members after a financial advisory firm got hold of the association's mailing list for an upcoming conference.
Retirees facing minimum $200K bill for lifetime care
And there's a 5% chance the tab could top $570K, according to a sobering study published this week by Boston College.
Annuities can limit longevity risk, expert says
By integrating annuities into financial plans, advisers can take precautions against their clients' outliving their assets, according to a retirement income planning expert.
S&P picks: Why the biotech sector looks healthy
Standard & Poor's Equity Research recently upgraded its outlook for the biotechnology industry to positive from neutral.
Life insurers sue B-Ds over third-party VA sales
Two life insurers are suing a trio of broker-dealers, accusing them of fraudulently selling to third parties variable annuities with lucrative death benefits on terminally ill individuals.
Blood tests and Facebook: Life insurers reveal their to-do list for 2010
With the life insurance industry recovering from a year of falling revenue, as sales of variable annuities, universal- and variable-universal life insurance all off, carriers are gearing up to make some changes.
American Equity fined $275K for unapproved annuity sales
The Minnesota Commerce Department claims that the insurer sold 541 contracts worth $28 million that weren't OK'd by state
Will regulators kill off fledgling secondary market for death benefits?
State insurance regulators last Monday voted in favor of a proposal that would allow insurers to terminate an…
LTC premium hikes are coming
Steep rate hikes are coming for long-term-care policies written a decade ago.
Americans clueless about paying for long-term care
Even as long-term care costs skyrocket, many Americans have unrealistic plans for how they expect to pay for those services, according to a new survey from the Life Foundation.
More than 20% of life policies sales in ’08 were by direct marketing
New data finds that more than 2 million individual life insurance policies were sold via the Internet, direct mail and telephone.
