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Blog + Articles

The new variable and indexed annuity leaders

{December 18th, 2014} by Darla Mercado

Variable annuities are a staple of broker-dealers’ business, offering clients the opportunity to garner market exposure on a tax-deferred basis. In recent years, however, sales of indexed annuities — which credit interest to a client’s account — have climbed, particularly as advisers seek a fixed-income alternative with an optional guaranteed living benefit feature. Indexed annuities […]

MetLife objects to SIFI designation by FSOC

{December 18th, 2014} by Warren S. Hersch

MetLife Inc. reacted negatively to a decision by the Financial Stability Oversight Council (FSOC) naming the insurer a non-bank systemically important financial institution or SIFI. “We are disappointed in the FSOC decision,” MetLife said today in a press statement. “We continue to believe that MetLife is not systemically important under the Dodd-Frank Act’s criteria, and […]

A.M. Best Affirms Ratings of Fidelity & Guaranty Life Holdings, Inc. and Its Key Life/Health Subsidiaries

{December 18th, 2014} by Best's News Service

Oldwick – A.M. Best has affirmed the financial strength rating (FSR) of B++ (Good) and the issuer credit ratings (ICR) of “bbb+” of the key life/health subsidiaries of Fidelity & Guaranty Life Holdings, Inc. (FGL) (Delaware). Concurrently, A.M. Best has affirmed the ICR and existing senior debt rating of “bb+” of FGL. The outlook for […]

NAIC Adopts New Rules for Insurance Captive Companies

{December 18th, 2014} by Arthur D. Postal, arthur.postal@innfeedback.com

WASHINGTON – The NAIC Tuesday adopted a new set of guidelines aimed at giving regulators more comfort in approving captive financing deals for life insurance products. The insurance company practice of reinsuring liabilities through their own captive companies has come under withering fire by some regulators, particularly New York Financial Superintendent Benjamin M. Lawsky. In […]

A.M. Best Upgrades Ratings of Farm Bureau Life Insurance Company

{December 18th, 2014} by Best's News Service

Oldwick – A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit ratings (ICR) to “a” from “a-” of Farm Bureau Life Insurance Company (FBL). Concurrently, A.M. Best has upgraded the ICR to “bbb” from “bbb-” of FBL Financial Group, Inc. (FFG)[NYSE: FFG], the parent of FBL. […]

A.M. Best Affirms Ratings of Manulife Financial Corporation and Its Subsidiaries

{December 18th, 2014} by Best's News Service

Oldwick – A.M. Best has affirmed the financial strength ratings (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of the life insurance subsidiaries of Manulife Financial Corporation (MFC) (Toronto, Canada) [NYSE: MFC]. Concurrently, A.M. Best has affirmed the ICR of “a-” as well as all existing debt ratings of MFC. The […]

Nationwide agrees to $140M ERISA settlement

{December 18th, 2014} by Nick Thornton

More than 13 years of litigation has yielded a tentative settlement in Haddock vs. Nationwide, a $140 million deal believed to be the largest ever in a service-provider revenue-sharing lawsuit. Nationwide Life Insurance Co., and its affiliate, Nationwide Financial Services Inc., signed off on the preliminary deal late last week, according to court documents. On […]

NAIFA CEO Waters will be Remembered for her Thoughtful Leadership: BLOG

{December 18th, 2014} by Linda Koco

People who didn’t know the late Susan B. Waters or have the opportunity to hear her speak really missed out on one of the leading lights of the insurance industry. She was the widely revered CEO of the National Association of Insurance Agents and Advisors (NAIFA). When she gave her reports at the NAIFA annual […]

Voya Financial Helps Customers Protect their Financial Security against Chronic Illness Costs

{December 18th, 2014} by Voya Financial, Inc

WEDNESDAY, DECEMBER 17, 2014 MINNEAPOLIS, Dec. 17, 2014 /PRNewswire/ — Voya Financial, Inc. (NYSE: VOYA), formerly ING U.S., announced today that its Insurance Solutions business has launched a new Chronic Illness Rider that can offer policyholders an important benefit to the company’s indexed universal life insurance products. The rider can provide customers with access to […]

FSOC to Consider MetLife’s SIFI Designation During Dec. 18 Meeting

{December 17th, 2014} by Jeff Jeffrey, Washington Bureau manager: jeff.jeffrey@ambest.com

WASHINGTON – On Dec. 18, the Financial Stability Oversight Council will meet in open and closed session to discuss whether to issue a systemically important financial institution designation. The Treasury Department declined to name the non-bank financial institution or institutions under consideration for a SIFI designation. But MetLife Inc. has acknowledged it is challenging a […]

NAIC Broadens Access To Annuity Buyer’s Guide

{December 17th, 2014} by Linda Koco

Gaining access to annuity buying information is about to become easier. The National Association of Insurance Commissioners (NAIC) decided to make its recently updated Annuity Buyer’s Guide available to consumers and the industry, via download any time — without quantity restrictions or fees. That is according to the National Association for Fixed Annuities (NAFA), which […]

NAIFA Announces Death Of Chief Exec, Dr. Susan Waters

{December 17th, 2014} by N/A

Falls Church, Va. – Dec. 16, 2014 – The National Association of Insurance and Financial Advisors is saddened to announce the death of Dr. Susan B. Waters, Chief Executive Officer of NAIFA. Dr. Waters, 63, died unexpectedly today at her home in Washington, D.C. “Susan’s passing is a great loss for the NAIFA family,” said […]

Protective Life Sale To Close Feb. 1

{December 17th, 2014} by Kelly Poe

PROTECTIVE LIFE COMPANY PURCHASE The acquisition of Birmingham’sProtective Life Corp. by Japan’sDai-ichi Life Insurance Co. is expected to closeFeb. 1, Protective announced. Tokyo-based Dai-ichi announced the$5.7 billion purchase in June. Dai-ichi was founded in 1902 and sells life insurance inJapan, Vietnam,Australia,Thailand,Indonesia andIndia. It also has offices inNew York,Hong Kong,Beijing andShanghai. It employs 67,000 people inJapan […]

Protective Update Regarding Dai-ichi Transaction

{December 17th, 2014} by Business Wire

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Protective Life Corporation (NYSE: PL) (“Protective”) today announced that the transaction contemplated by the Agreement and Plan of Merger dated June 3, 2014, with Dai-ichi Life Insurance Company Limited (Dai-ichi), a kabushiki kaisha organized under the laws of Japan, and DL Investment (Delaware), Inc., a Delaware corporation and wholly owned subsidiary of Dai-ichi, […]

State of the industry: 5 annuity insights for 2015

{December 17th, 2014} by Daniel Williams

According to a report released today, the insurance and retirement industries are muscling through “some macroeconomic challenges (that occurred) the past year” and are exhibiting strong gains and growth potential. “Fixed indexed annuities and immediate and deferred income annuities are showing especially strong growth as the industry is poised to begin 2015 in a strong […]

Eye on Congress, the courts and regulators: 6 questions answered

{December 17th, 2014} by Warren S. Hersch

LifeHealthPro Senior Editor Warren S. Hersch recently interviewed Andrew Oringer, a New York-based attorney and co-chair of Dechert LLP’s Employee Benefits Group. The interview covered regulatory, legislative and legal developments being watched closely by the insurance and financial services industry. Click here for excerpts.

Lawsky urges Lew to order IRS review of life insurance loophole

{December 16th, 2014} by Greg Farrell, Keri Geiger

(Bloomberg) — U.S. life insurers take billions of dollars in undeserved tax deductions by shifting capital to states with looser reserve requirements and the practice should be halted by the Internal Revenue Service, a New York regulator said. Benjamin Lawsky, superintendent of the state’s Department of Financial Services, criticized the “insurance inversions” in a letter […]

Insurers Use Deals To Avoid As Much As $100B In Taxes

{December 16th, 2014} by MARY WILLIAMS WALSH

Some companies have been called economic traitors for seeking to lower their tax bills by moving overseas. But life insurers are accomplishing the same goal without leaving the country, saving as much as $100 billion in federal taxes, much of it in the last several years. The insurers are taking advantage of fierce competition for […]

Whom To Blame For The Coverage Gap?

{December 16th, 2014} by Cyril Tuohy

The life insurance coverage gap is growing and independent insurance agent Michael A. Masiello thinks he’s found out why: Life insurers simply aren’t selling enough of it. The reason carriers are not selling enough life insurance is that they have taken some of the business of selling it away from agents and have been going […]

Senate set to approve national insurance-agent registry

{December 16th, 2014} by Mark Schoeff Jr.

Though new board has wide support among state regulators, GOP senator cries foul over infringement of states’ rights   By the end of the week, Congress is likely to approve legislation that would establish the first national registry for insurance salespersons, a step that will make it easier for them to practice in multiple states. […]

Powerful GOP senator to defend retirement tax incentives

{December 16th, 2014} by Mark Schoeff Jr.

Incoming Senate finance chairman Orrin Hatch says retirement vehicles are the ‘greatest wealth creator’ for the middle class, and shouldn’t be part of tax refor   If Congress attempts to overhaul the tax code next year, one of the most influential lawmakers in the Senate indicated Monday he will defend tax incentives for retirement savings. […]

Fixed annuity sales cool, variable annuity sales stable

{December 16th, 2014} by Daniel Williams

Data from Beacon Research and Morningstar, Inc. is in and Q3 2014 news on annuity sales is not all peaches and cream. Total annuity sales hit 56.9 billion, a five percent decline from the previous quarter and a one percent drop from the same period a year ago. According to a report released by the […]

The Connection Between Happiness And Planning

{December 16th, 2014} by Cyril Tuohy

The more retirees plan for life after work, the happier they are — not just in matters of the wallet but in matters of the soul and the heart. Financial planners have always known that the more financial planning is conducted before retirement, the more it’s likely to lead to better outcomes. It turns out […]

Eden Prairie fraudster admits stealing $10M from clients, leaves court under armed guard

{December 16th, 2014} by Paul Walsh, Star Tribune

A Twin Cities financial planner has admitted to swindling more than 50 people in several states out of at least $10 million, using some of the money on gambling and sex-oriented entertainment in Minnesota and Las Vegas. Sean Meadows, 41, of Eden Prairie, pleaded guilty Wednesday in federal court in St. Paul to mail fraud, […]

Advisors just ‘meh’ about social media

{December 16th, 2014} by Marlene Y. Satter

Advisors aren’t crazy about social media or the results they see from it. But considering their level of commitment, perhaps that’s not all that surprising. Those are some of the conclusions from a new in-depth study from Howard Schneider, president of independent wealth management research firm Practical Perspectives, whose research found that while advisors believe […]

Florida Insurance Agent Arrested in Alleged $1 Million Life Insurance Fraud Scheme

{December 16th, 2014} by Thomas Harman, associate editor, BestWeek: Tom.Harman@ambest.com)

ORLANDO, Fla. – A Florida insurance agent has been arrested and charged with defrauding clients of his financial services firm more than $1 million in life insurance payments, according to Florida Chief Financial Officer Jeff Atwater. Mario Ferreri, who worked for Financial Management Resources, was arrested following a five-year investigation between July 2009 and March […]

Are you ready for the 4 biggest changes to IRAs in 2015?

{December 16th, 2014} by Daniel Williams

Changes are coming to IRAs in 2015. Are you ready to help your clients take advantage of those changes? Sometimes, the inability to maximize value is found in the fine print. As Joshua Kadish, AIF, RFC of RPG Life Transition Specialists, explains, “Too often I see people who haven’t been maximizing their contributions simply because […]

A.M. Best Affirms Ratings of Mutual of Omaha Insurance Company and Its Subsidiaries

{December 16th, 2014} by Best's News Service

Oldwick – A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of “aa-” of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company (New York, NY) and United World Life Insurance Company. Concurrently, A.M. Best has affirmed the debt […]

A.M. Best Affirms Ratings of Lincoln National Corporation and Its Key Subsidiaries

{December 16th, 2014} by Best's News Service

Oldwick – A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of The Lincoln National Life Insurance Company (LNL) and its wholly owned subsidiary, Lincoln Life & Annuity Company of New York (LLANY) (Syracuse, NY), which are viewed as the key life/health insurance subsidiaries […]

A.M. Best Co. Affirms A (Excellent) Rating For Insurance Companies of National Life Group

{December 16th, 2014} by National Life Group

Montpelier, Vermont – Dec. 8, 2014 – A.M. Best has affirmed the financial strength rating of A (Excellent) for National Life Insurance Company and Life Insurance Company of the Southwest, the two insurance companies of National Life Group. This is the third highest of A.M. Best’s 16 ratings. “Our financial strength is a measure of […]

Fitch Affirms Symetra’s Ratings; Outlook Revised to Negative

{December 16th, 2014} by Business Wire

CHICAGO, Dec 12, 2014 (BUSINESS WIRE) — Fitch Ratings has affirmed the ‘A+’ Insurer Financial Strength (IFS) rating on Symetra Life Insurance Company (Symetra Life) as well as all ratings for Symetra Financial Corp. (Symetra), including the Issuer Default Rating (IDR) at ‘A-‘ and all outstanding debt issues. The Rating Outlook has been revised to […]

Annuities: 2014 year in review [infographic]

{December 16th, 2014} by Lynette Gil

A report from the Insured Retirement Institute (IRI) based on data from Beacon Research and Morningstar, has unveiled that fixed annuity sales have cooled off after a five-year high, while variable annuity total sales remain stable. The report based its findings on final third-quarter 2014 sales results from the U.S. annuity industry. Click HERE for  infographic […]

Leadership Changes Announced at Jackson National Life Insurance Company

{December 16th, 2014} by Business Wire

DENVER — Jackson National Life Insurance Company (Jackson) today announced several changes in senior leadership, including the impending departure of Clifford Jack as executive vice president and head of retail at the end of the year to pursue other opportunities. Since joining Jackson in 1995 as a senior vice president, Jack has held a series […]

Incoming Kansas Insurance Regulator Wants More Competition in State

{December 16th, 2014} by The Associated Press

The accountant and industry executive taking over as Kansas’ top insurance regulator next month says creating a more robust market is a top goal and argues that greater competition will address problems with the federal health care overhaul. Insurance Commissioner-elect Ken Selzer is confident that he can attract insurance companies into the state and encourage […]

Charitable planning in 2015: Weighing the pros and the cons

{December 16th, 2014} by Warren S. Hersch

The Internal Revenue Code, revised two years ago as part of a down-to-the-wire tax bill, made the estate tax a non-issue for all but the most affluent individuals. But the legislation incentivized charitable planning for those endeavoring to avoid higher taxes on income, capital gains and dividends; and to dispose of policies rendered unnecessary by […]

LIMRA forecast: Expect flat life insurance sales in 2015

{December 16th, 2014} by Karen R. Terry

If you had to summarize the 2015 life insurance market in a few words they would be “more of the same.” As of the fourth quarter of 2014 LIMRA is predicting another flat year for life insurance sales. As with 2013, this year’s story has been a tale of two products: indexed universal life (IUL) […]

Office of Insurance Commissioner revokes license of Edmonds insurance agent

{December 16th, 2014} by N/A

The Office of the Insurance Commissioner has revoked the license of insurance agent Earl C. Dennis of Edmonds. According to an announcement sent Tuesday by the insurance commissioner’s office, in 2012, Dennis borrowed $210,000 from a 79-year-old insurance client, which was a significant portion of the client’s net worth. Dennis promised to secure the loan […]

MetLife Approves $1 Billion Share Buyback

{December 15th, 2014} by Associated Press

NEW YORK (AP) — Insurance company MetLife Inc. said Friday that its board approved spending up to $1 billion more to buy back its own stock. It has spent $967.1 million of a $1 billion buyback program launched in June, which was its first repurchase plan in about six years. CEO Steven Kandarian said that […]

The Happy Retiree Probably Has An Advisor: BLOG

{December 15th, 2014} by Linda Koco

Finally! Some good news about retirement! This comes courtesy of a new MassMutual study that probes how retirement feels to those who’ve done it, perhaps after a period of worrying about how it would work out. The study found what I have learned from talking with retired people around my town. They like it. Some […]

Pro-Fiduciary Group Pushes for SEC Action: BLOG

{December 15th, 2014} by Linda Koco

Once again, a coalition of pro-fiduciary trade groups is urging Securities and Exchange Commission (SEC) to expand the fiduciary standard to include broker-dealers (B/Ds) when they provide personalized investment advice to retail investors. This time, the message accompanies an eight-page letter that the Financial Planning Coalition recently delivered to the SEC. The letter argues in […]

Congress Bumps Bank Standards for Insurance Companies

{December 12th, 2014} by Arthur D. Postal

WASHINGTON – The House last night approved legislation that would clarify that the Federal Reserve Board can apply insurance-based capital standards, rather than bank-centric rules, to the insurance portion of any insurance holding company it oversees. The bill now heads to the president’s desk “where approval is widely expected,” said John M. Nadel, an analyst […]

Social Media Fall Short Of Many Advisors’ Expectations

{December 12th, 2014} by Cyril Tuohy

For financial advisors, the use of social media continues to be an unfulfilled economic promise with low satisfaction rates. Most advisors say social media have had very little impact on the key metrics of their business. About half of advisors who participated in a recent poll — 53 percent — perceived social media to be […]

Manulife And Allianz To Co-Invest Up To $1B In U.S. Real Estate

{December 12th, 2014} by PR Newswire

TORONTO, Dec. 12, 2014 /PRNewswire/ –Manulife Asset Management Private Markets, the private asset management arm of Manulife (TSX, NYSE: MFC), today announced that it has entered into an arrangement with Allianz, a leadingGermany-based insurance and asset management company, to co-invest up to $1 billion in U.S. real estate. As part of the co-invest,John Hancock Real […]

Annuity trends: 2015 and beyond: Opinion

{December 12th, 2014} by Adam Cufr, Fourth Dimension Financial Group, LLC.

The economy has clearly changed and so has the role of annuities. Simply put, annuities have had to adapt, and fast. As advisors scramble to keep pace with the changing landscape, a look at the recent past will pay big dividends as we look to the future of the annuity market to see what may […]

2015 Outlook: The changing of the guard: Opinion

{December 12th, 2014} by Michael Markey

A few months ago, I had the pleasure of hearing Brian Belski, of BMO Capital Markets, spew 2015 market outlooks and predictions faster than what most of the audience could absorb. One big phrase struck me and has stayed with me since. He said in the financial world “things are rarely different.”  Click HERE to read…

Annuity owners: Well-informed and secure: OPINION

{December 11th, 2014} by Ed McCarthy, CFP

If your retired clients say that financial peace of mind is a top priority — and who doesn’t want that? — they could be good candidates for annuities. Over the years, studies of annuity owners have shown that the products provide a greater sense of financial security. That makes sense because annuities provide stable retirement […]

Survey shows social media use growing among advisers

{December 11th, 2014} by Bianca Flowers

66% of those surveyed credit networks with helping them gain new clients Advisers are latching on to social media giants such as LinkedIn and Facebook to increase their business, and it’s paying off. Putnam Investments’ latest survey of how advisers are using social media found that those who have acquired clients through social media initiatives […]

5 of the biggest insurance stories this week

{December 11th, 2014} by Lynette Gil

This time, we bring you news that will affect the NFL and its players’ disability insurance and how the life settlement industry is growing. On page two, you will read more about why Aegon agreed to sell its Canadian life insurance business and how much they expect to lose in that transaction, and you’ll learn […]

Phoenix: A sunny outlook

{December 11th, 2014} by Liz Skinner

Employment and real estate bounce back from the depths of the Great Recession Phoenix stands as the exception to the still-dreary economic news coming out of Arizona. Unemployment has fallen to 6%, the real estate market has mostly rebounded, and the city will be the proud host of the Super Bowl on Feb. 1. Population […]

Planning for the modern family: No longer a simple matter

{December 11th, 2014} by Juli McNeely

Once upon a time, the typical American family consisted of a husband who was the family’s primary breadwinner, a stay-at-home wife and their 2.5 children. Traditional life insurance policies were developed during this bygone era and based on this common family dynamic to protect the wife and children in the event of the husband’s untimely […]

Disinterested consumers offer potential for China insurance industry

{December 11th, 2014} by LIMRA

A recent study by LIMRA and Swiss Re concluded that the so-called “disinterested” consumer in China represents an opportunity for the insurance industry. As part of a larger effort that studied 12 Asian countries, this study, “The Chinese Insurance Consumer,” looked at 8 different personal insurance products such as, life, individual health, critical illness, etc. […]

Mutual Of Omaha Announces CEO Transition

{December 11th, 2014} by Cyril Tuohy

Daniel P. Neary, chairman and CEO of Mutual of Omaha, will retire next year after a decade at the helm of Nebraska’s most well-known insurer, the company said. Neary will retain the role of chairman of the Mutual of Omaha board of directors. James T. Blackledge, former executive vice president, was appointed president last month […]

MetLife Taps AT&T Exec for CMO Spot

{December 10th, 2014} by Nathan Golia, senior editor of Insurance & Technology.

Esther Lee will lead global brand and marketing for the life insurance carrier. MetLife has named Esther Lee EVP and global Chief Marketing Officer. The former AT&T executive’s first day is January 12, and she will report to MetLife chairman, president, and CEO Steven Kandarian. Lee replaces Beth Hirschhorn, who left MetLife in April and […]

401(k) plan costs decline as indexing becomes more popular

{December 10th, 2014} by Robert Steyer, a reporter at Pensions & Investments, a sister publication.

Biggest impact felt by largest and smallest plans Average asset-weighted total plan costs for 401(k) plans dropped to 39 basis points in 2012 vs. 49 basis points in 2009, according to a report Monday from the Investment Company Institute, and BrightScope, a company that evaluates 401(k) plans. The decline in expenses — management fees, administrative […]

New Kansas Insurance Chief Hiring Former Rival

{December 10th, 2014} by AP

TOPEKA, Kan. (AP) — Incoming Kansas Insurance Commissioner Ken Selzer says he’s planning to have a former Republican primary rival serve in a key position in the office. Selzer said Tuesday that Republican state Sen. Clark Shultz of Lindsborg has agreed to serve as the Insurance Department’s legislative liaison after Selzer takes office Jan. 12. […]

South Dakota Insurance Commissioner Stepping Down

{December 10th, 2014} by Thomas Harman

PIERRE, S.D. – South Dakota Division of Insurance Director Merle Scheiber is resigning effective Dec. 29, following nearly 10 years in office. Larry Deiter, who currently serves as the division’s assistant director of property/casualty insurance, has been appointed interim director. Scheiber served as the chairman of the Nonadmitted Insurance Multistate Agreement, a body formed by […]

Texas Insurance Commissioner Rathgeber to Take Temporary Departure From Post

{December 10th, 2014} by Thomas Harman

AUSTIN, Texas. – Texas Insurance Commissioner Julia Rathgeber will leave her job temporarily after agreeing to become Gov.-elect Greg Abbott’s deputy chief of staff for budget and policy effective Jan. 20. Abbott, a Republican, was elected governor in November with more than 59% of the vote against Democrat Wendy Davis. Abbott announced the composition of […]

Americans have a low retirement IQ

{December 10th, 2014} by Bianca Flowers

More than 75% are clueless when it comes to drawing down income in their golden years Americans’ retirement income IQ is depressing. In a recent survey by The American College of Financial Services, only 20% of those surveyed can pass a basic quiz on the steps they need to take to secure their finances after […]

Dustin Johnson changes course in lawsuit against adviser, attorneys

{December 10th, 2014} by Alan Blondin, The Sun News (Myrtle Beach, S.C.)

Dec. 10–Dustin Johnson’s lawsuit against a longtime trusted adviser and his law partners has taken a peculiar turn. The PGA Tour member and Coastal Carolina alumnus has filed an amended suit to the one he originally filed on Nov. 3 in Georgia attempting to recoup$3 million that he says was scammed from him. Attorney Nathan […]

Fixed Annuity Sales Cool Off From 5-Year High

{December 10th, 2014} by N/A

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) today announced final third-quarter 2014 sales results for the U.S. annuity industry, based on data reported by Beacon Research and Morningstar, Inc. Industry-wide annuity sales in the third quarter of 2014 reached $56.9 billion, a 5 percent decline from $59.9 billion in the previous quarter and a […]

Don’t ignore estate planning for millennial clients

{December 10th, 2014} by Darla Mercado

Here’s what advisers should watch out for with younger investors The cobbler’s children go unshod, and the estate planning reporter has no estate plan. Though estate planning has been a fun part of my coverage at InvestmentNews for about a year, I’ve always envisioned it as an esoteric practice for moneyed, older clients with lots […]

iPipeline Wins 2014 Red Herring Global 100 Award

{December 10th, 2014} by iPipeline

Exton, PA – December 2nd, 2014 – iPipeline® – a leading provider of on-demand marketing, selling, and processing solutions for some of the nation’s top insurance carriers, distributors, financial institutions, producers, and advisors – today announced it was selected as a winner for Red Herring’s Global 100 award, a prestigious recognition honoring the year’s private […]

65 No Longer The Magic Age For Retirement

{December 10th, 2014} by PR Newswire Association LLC

PR Newswire Association LLC CHICAGO, Dec. 9, 2014 /PRNewswire/ — More than nine in 10 (94%) working middle-income Baby Boomers have plans to retire one day, but many will be working past age 65, according to a new study commissioned by http://www.centerforasecureretirement.com/ ® (CSR). The study – http://www.centerforasecureretirement.com/archive-study/2014/the-middle-income-boomer-retirement-gap-savings-education-and-advice/– surveyed 1,000 Americans aged 50 to 68 […]

3Q FIA Market Share Highest In 5 Years

{December 10th, 2014} by Linda Koco

Fixed index annuities (FIAs) took a whopping 53.8 percent share of the third quarter fixed annuity market, as measured by sales. That is according to Beacon Research numbers appearing in third quarter annuity sales reports issued by the Insured Retirement Institute (IRI). Seeing that percentage is a reminder that market share analysis can provide perspective […]

Three gifts advisors can share this holiday season

{December 10th, 2014} by Daniel Steenerson, CLU, ChFC, RHU

The holidays bring out the best in all of us. When we interrupt our lives to give, socialize and celebrate, a funny thing happens. We become more sentimental and more grateful for our everyday blessings such as good health, a loving spouse and spirited grandchildren. However, the holidays don’t always bring out the best in […]

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