We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry Articles

Phoenix Completes De-Stacking Of Insurance Company Subsidiaries

{August 4th, 2015} by Business Wire

HARTFORD, Conn.–(BUSINESS WIRE)– The Phoenix Companies, Inc. (NYSE: PNX) (“Phoenix”) today announced that it completed the previously disclosed de-stacking of its insurance company subsidiaries, which are now all direct subsidiaries of Phoenix. Prior to the de-stacking, Phoenix Life Insurance Company (“PLIC”), a direct subsidiary of Phoenix, was the indirect parent of PHL Variable Insurance Company […]

Bank Annuity Fee Income Dips 5.5% In 1Q

{August 4th, 2015} by Cyril Tuohy

Income earned from the sale of annuities by large banking companies fell 5.5 percent to $840.1 million in the first quarter of 2015 from the year-ago period as investors preferred to hold off on tying up their capital in hopes of a rise in interest rates. Among the top 10 bank holding companies, eight reported […]

A.M. Best Upgrades Ratings of Liberty Bankers Life Insurance Company and Its Subsidiaries

{August 4th, 2015} by Best's News Service

Oldwick – A.M. Best has upgraded the financial strength rating (FSR) to B+ (Good) from B (Fair) and the issuer credit ratings to “bbb-” from “bb+” of Liberty Bankers Life Insurance Company (Oklahoma City, OK), and its wholly owned life insurance subsidiaries, The Capitol Life Insurance Company (Dallas, TX) and American Benefit Life Insurance Company […]

Symetra Second Quarter 2015 Annuity Sales Top $1 Billion

{August 4th, 2015} by Business Wire

BELLEVUE, Wash., Aug 03, 2015 (BUSINESS WIRE) — Symetra Life Insurance Company posted record total annuity sales during the second quarter 2015 — exceeding $1 billion in quarterly annuity sales for the first time. Symetra’s fixed indexed annuities (FIAs) also posted record sales, with the highest quarterly production figures since the product launched in April […]

North American Company Releases Enhanced Rapid Builder IUL Indexed Universal Life Insurance

{August 4th, 2015} by North American Company

CHICAGO, IL, Aug 03, 2015 (Marketwired via COMTEX) — North American Company for Life and Health Insurance® recently announced enhancements made to the Rapid Builder IUL, part of the company’s popular indexed universal life insurance (IUL) product line. Enhancements include the addition of index crediting options for potential cash value growth, as well as new […]

Fiduciary Rule May ‘Bing’ Fixed Annuity Advisors

{August 4th, 2015} by Cyril Tuohy

It’s a scene that takes place thousands of times each day across the nation. An employee gets fired or laid off, and isn’t sure about what to do with the $25,000 balance in the 401(k) account from their now-former employer. The solution: The ex-employee calls their insurance agent.  Click HERE to read more…

Allianz Life Adds Bonus, Option To Fixed IUL Policies

{August 4th, 2015} by Business Wire

Guaranteed Bonus and Exclusive Barclays Index Offer More Opportunity and Flexibility MINNEAPOLIS–(BUSINESS WIRE)– Allianz Life Insurance Company of North America (Allianz Life®) today announced enhancements to both the Allianz Life Pro+® Fixed Index Universal Life Insurance (FIUL) Policy and Allianz Life Pro+ SurvivorSM Fixed Index Universal Life Insurance (FIUL) Policy. In addition to helping agents provide […]

Fiduciary Rule Divides Fixed And Variable Annuity Worlds

{August 4th, 2015} by Cyril Tuohy

It seems as if the U.S. Department of Labor (DOL) proposal to amend conflict of interest rules around individual retirement accounts (IRAs) has split the annuity world down the middle, with fixed annuities on one side and variable annuities on the other. For the fixed annuity world life — so far — has appeared relatively […]

IUL product sales on the upswing

{August 4th, 2015} by Dan Cook

Life insurance buyers appear to be swinging heavily toward indexed universal life products,according to a Millman survey. The percent of universal life sales rose from 25 percent to 45 percent of all UL/IUL combined sales during the first three quarters of 2014, according to the survey. Click Here for a breakdown of the survey’s highlights:

Millennials choose—annuities?

{August 3rd, 2015} by Marlene Y. Satter

Millennials are looking for certainty when it comes to retirement planning—those who are doing anything about it, that is. And what they’re doing, in increasing numbers, is opting for—wait for it—annuities. Yes, the younger generation is going for what is often regarded as the old stodgy standby. Click HERE to read more…

D.C. Dept. of Insurance, Securities & Banking Names New Acting Commissioner

{August 3rd, 2015} by Insurance Journal News Desk

The District of Columbia Department of Insurance, Securities & Banking (DISB) confirmed that former DISB senior official Stephen Taylor recently rejoined DISB as its new acting commissioner. Taylor succeeds Chester A. McPherson, who has served as DISB’s acting commissioner since April 2014. DISB said McPherson is no longer with DISB and that no additional information […]

Highland Capital Brokerage Names Patrick Mulheran Managing Principal for HCB Heartland

{July 31st, 2015} by Wilma Turner

Highland Capital Brokerage, Inc. (HCB), a subsidiary of Ladenburg Thalmann Financial Services Inc., (NYSE MKT: LTS) announced today that it has named Patrick Mulheran as the managing principal for HCB’s regional office located in Indianapolis, Indiana. Mr. Mulheran will replace John Mulheran, managing principal for HCB Heartland who is retiring effective August 1. Mr. Mulheran […]

LPL Made 15,000 Tech Changes In Past Year

{July 31st, 2015} by InsuranceNewsNet

One goal is to fully automate LPL’s roughly 20 million pages it uses each year and eliminate the experience of working in an office over-filled with files. Click here to read…

Survey: Advisors ‘Overwhelmingly Positive’ About The Future

{July 31st, 2015} by Cyril Tuohy

A survey of registered investment advisors and fee-based advisors finds that most of them are focused on the long term, embrace technology and are not particularly worried about the “roboadvice” movement. Results are included in the first “Advisor Authority Executive Report,” by Jefferson National, distributor of the popular Monument Advisor suite of variable annuities. Among […]

Financial Services Guide 2015: Are annuities the answer?

{July 31st, 2015} by Grant Bledsoe

With baby boomers hitting retirement age in droves (about 10,000 per day in the U.S.), many are concerned about outliving their assets. With the U.S. still at record low interest rates and market valuations on the high side, many retirees have worries about drawing sufficient income from their nest eggs to afford the golden years […]

The 20 most creative people in insurance

{July 31st, 2015} by LifeHealthPro Staff

“Creativity is just connecting things,” Steve Jobs famously said, making one of the most pursued attributes in the business world sound beautifully simple and obtainable. Insurance is a multi-trillion dollar industry, and so, of course, millions of connections happen every day. Most of them go unnoticed. Click here to read…

MetLife Posts 22% Drop in Second-Quarter Net Income

{July 31st, 2015} by Dennis Gorski

 MetLife’s second-quarter net income dropped 22% to $1.04 billion. Revenue for the quarter fell 2% to $17.4 billion, the company said. “MetLife delivered strong double-digit operating earnings growth in the second quarter,” said Steven A. Kandarian, chairman, president and chief executive officer of MetLife. “Investment margins remained healthy despite persistent low interest rates, and underwriting […]

Weak Annuity Sales Show No Signs of Recovery, AnnuityFYI Says

{July 31st, 2015} by Steve Kaufman

Despite the retirement and pending retirement of Baby Boomers — the most affluent and second-biggest generation in American history — annuity sales are faltering and may not rebound, according to AnnuityFYI, an online informational resource for annuity shoppers. Data from the Insured Retirement Institute (IRI), Morningstar Inc., Beacon Research and LIMRA Secure Retirement Institute underscore […]

Under regulatory pressure, Voya restricts sales of more variable annuities

{July 31st, 2015} by Trevor Hunnicutt

Voya Financial Advisors has restricted sales of variable annuities for the second time in two months, as the brokerage firm faces increased pressure from regulators questioning the suitability of the products for retirement savers. On Monday, the broker-dealer that serves more than 2,000 registered representatives said it is no longer approving sales of a second […]

Prudential Shuts Down Curian Capital, a Jackson National Subsidiary

{July 31st, 2015} by Bloomberg

(Bloomberg) — Prudential Plc, the U.K.’s biggest insurer by market value, is winding down the Curian Capital asset management operation in the U.S. after a review of its business. Curian will stop accepting new accounts July 31 and expects to exit the business around the end of March, the Denver-based company said Thursday in a […]

2Q Earnings Slide In Insurance Sector

{July 31st, 2015} by Cyril Tuohy

Second quarter earnings reports dominated the news from the world of life and annuity companies this week. Among the developments of note in the earnings reports was that second quarter was a good one for American Equity Life, which took advantage of two competitors who scaled back on their annuity offerings, allowing American Equity to […]

MetLife: Fiduciary Rule Threatens Ability To Advise Middle Class

{July 31st, 2015} by Bloomberg

(Bloomberg) — MetLife Inc. said its dual roles of offering retirement products and advising customers are threatened by a U.S. Labor Department proposal that was designed to make sure savers’ interests are put first. “Without substantial modifications, the proposal could force companies such as MetLife to choose between manufacturing individual annuities and distributing,” Chief Executive […]

How will technology affect the role of insurance brokers? BLOG

{July 31st, 2015} by Sean McCormick

The Challenge… I have been in my current role with Unum for just over three years. Prior to working in the insurance industry, I studied finance at Bentley University in Waltham, Mass. I work with broker partners across the central and western New York markets to help develop forward-thinking and consultative ancillary/voluntary benefits strategies for […]

Morgan Stanley ordered to pay $2.4M arbitration award over former broker’s trades

{July 31st, 2015} by Trevor Hunnicutt

A Finra arbitration panel has ordered Morgan Stanley to pay at least $2.4 million in the latest round of claims by clients of a former Mississippi broker who has repeatedly been accused of mishandling investments, . A group of physicians and their family members were the latest clients to be awarded a monetary judgment after […]

Zurich Insurance Examining Bid For RSA Of Britain

{July 31st, 2015} by InsuranceNewsNet

Zurich Insurance Group said on Tuesday that it was examining making an offer for its smaller British rival RSA Insurance Group. Shares of RSA rose 11.1 percent to 486.30 pence, or about $7.55, on the news in early trading in London on Tuesday. RSA brought in Stephen Hester, a former chief executive of Royal Bank […]

Life Carriers Lag Behind In Customer Tech Support

{July 31st, 2015} by Ron Sussman

These days, people can bank through their smartphone, trade stocks online and instantly view their investments – all thanks to the latest Internet and mobile technology. Unfortunately, the same can’t be said about life insurance. Unlike other financial institutions, life insurance companies have been slow to implement consumer-oriented technology, or even to provide policy data […]

DOL Rule Affects More Than Advice, Execs Say

{July 31st, 2015} by Cyril Tuohy

A revised fiduciary standard for retirement accounts will affect more than the way advice is given to clients, according to corporate executives from the financial services industry. They say the rule would have an imprint on everything from product development to information technology to the revenue volume generated by individual business segments. The statements from […]

AIG Names Dachille to manage $350 billion, will acquire his firm

{July 31st, 2015} by Sonali Basak

American International Group Inc. Chief Executive Officer Peter Hancock hired former colleague Doug Dachille to oversee the insurer’s investment portfolio of more than $350 billion, and agreed to buy his firm. Dachille, 51, was named chief investment officer and takes over the duties of William Dooley, who is retiring, New York- based AIG said in […]

3 dos and don’ts for insurance innovation (Part 1)

{July 31st, 2015} by Maria Ferrante-Schepis

The word innovation seems to be on the lips of many more insurance industry executives today than it was even three years ago. C-suite executives are declaring innovation to be a top priority, and many are taking steps to embed innovation into their organizations. If you are one of those people, this article is intended […]

Death from heroin overdose covered under “accidental death” policy

{July 31st, 2015} by Steven A. Meyerowitz

A federal district court in California, distinguishing between “accidental means” and “accidental death” insurance policies, has ruled that an insured’s death from a self-administered heroin overdose was accidental and covered by the governing policy. The Case Angelica Jones’ husband, Rodney, died of a heroin overdose that allegedly occurred as a result of his self-injection of […]

Symetra Financial Co. Plans $0.50 Special Dividend (SYA)

{July 30th, 2015} by Faye Duncan

Symetra Financial (NYSE:SYA) declared a special dividend on Thursday, July 30th, ARNreports. Shareholders of record on Monday, August 10th will be paid a dividend of 0.50 per share on Friday, August 28th. A number of research firms have recently commented on SYA. JPMorgan Chase & Co. lifted their target price on Symetra Financial from $22.00 to […]

Fidelity & Guaranty Life Launches Exciting New Modified Single Premium Annuity

{July 29th, 2015} by Paul Tyler

Fidelity & Guaranty Life, a leading provider of fixed indexed annuities (FIA) and fixed indexed universal life products, today announced the launch of FG Retirement Pro, an innovative annuity offering that is designed to provide income payments for retirees. The company designed this unique product to offer protection in retirement by potentially growing the benefit […]

Evensky: Fee-only advisors face annuity dilemma

{July 29th, 2015} by NICK THORNTON

Don’t confuse fee-based RIAs with fee-only RIAs if you want to talk fiduciary regulations with Harold Evensky and expect to get away with it. Evensky, chairman of Evensky, Katz and Foldes Financial, a fee-only wealth management firm with about $1.5 billion in assets under management, is credited with being one of the first to pioneer […]

Genworth Enters Into Negotiations With AXA To Sell Lifestyle Protection Insurance Business

{July 29th, 2015} by PR Newswire

Genworth Financial, Inc. (NYSE: GNW) announces it has entered into exclusive negotiations with AXA S.A. after receiving an irrevocable offer to purchase its lifestyle protection insurance business. The company expects to accept the offer and execute an associated purchase agreement upon completion of the French works council1 consultation process. The sale price is expected to […]

Life Insurance With Living Benefits: A Policy With Built-In ‘Apps’

{July 29th, 2015} by Tracy King

It’s 10 p.m. and as I go to sit down for the first time today, I realize I forgot to call the orthodontist, forgot to schedule a strategy meeting for work, need to update my homeowners insurance for the deck we built, and still need to write a check for school lunches. I’ve been up for 15 […]

California Makes an Annuity Best Practice a Law

{July 29th, 2015} by Linda Koco

The California legislature has passed, and the governor has signed, a new fixed annuity law that essentially codifies a surrender charge practice that most annuity carriers have followed as a matter of everyday practice—or a “current best practice,” as Insurance Commissioner  Dave Jones has put it. The measure, Senate Bill 426 (Leyva), requires that, when […]

Broker-Dealers Embracing Fixed Indexed Annuities as Demand Grows

{July 27th, 2015} by Andrew Simonelli

The Insured Retirement Institute (IRI) today released a new research report showing that fixed indexed annuities (FIAs) are becoming a greater part of broker-dealers’ annuity business. The IRI report found that FIAs made up 10 percent of total broker-dealer annuity sales in 2014, and half of broker-dealers expect this share to continue to grow. “The […]

Financial Planner seeks Insurance Appointment Setter

{July 27th, 2015} by Victoria Peterson

Financial Planner seeks Insurance Appointment Setter Only considering candidates who meet the following requirements: Minimum 2 years Insurance/Financial experience setting appointments with a proven track record. Ability to connect and build rapport. Find out what clients main goals and concerns are about Retirement and what’s most important to them. Must have experience with booking new […]

Sammons Financial Group Appoints Greg Smith as Chief Marketing Officer of Broker-Dealer and Bank Distribution

{July 27th, 2015} by JOHN MYERS

Sammons Annuity Group, a division of Sammons Financial Group, is proud to announce the appointment of Greg Smith as Vice President and Chief Marketing Officer of Broker Dealer and Bank Distribution. He will be responsible for refining and implementing the bank and broker dealer strategy. “We’re very excited to have Greg as a member of […]

Raymond James Advisor Force Reaches Record Size

{July 27th, 2015} by InsuranceNewsNet

Recruiting stayed strong as Raymond James reported a 6% increase in quarterly profits for its wealth management unit year over year. Click here to read….

The Superfluous Life Insurance Policy

{July 27th, 2015} by InsuranceNewsNet

Of the over 18.4 trillion dollars’ worth of all forms of life insurance in force, over 85 percent of those policies are surrendered or lapsed before death. 1 The insureds, however, can salvage some of these assets to be used for charitable donations. In reviewing your client’ s assets, be sure to address life insurance […]

Hartford Losing Its Ties To The Insurance Industry

{July 27th, 2015} by Hartford Courant (CT)

In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the city’s venerable insurance industry when it built a suburban office complex in Bloomfield — becoming the first insurer to move out of downtown Hartford. A defensive Connecticut General chief executive promised that the company would still be close by and […]

Questions On DOL Rule Focus On Preserving Annuity Business

{July 27th, 2015} by Cyril Tuohy

U.S. Department of Labor Secretary Thomas E. Perez this week suggested he was ready to work with the financial advisory industry to improve proposed conflict of interest rules. But he left no doubt that his agency was serious about pushing through tougher rules. For sellers of fixed annuities, a sticking point in the DOL proposal […]

Principal Financial Posts 21% Drop in 2Q Net as Exchange Rates Affect International Business

{July 27th, 2015} by Renée Kiriluk-Hill

Principal Financial Group’s second-quarter net income dropped by 21% while total operating revenues climbed by 34%. Principal reported net income of $241.1 million. In its international business, Principal operating earnings dropped by 13%, to $59.3 million. It said foreign exchange rates were largely to blame. The company said its $539.9 billion in assets under management […]

Mutual Life Insurer Meiji Yasuda to Acquire StanCorp for US$5 Billion

{July 27th, 2015} by Iris Lai

Meiji Yasuda Life Insurance Co. has agreed to acquire StanCorp Financial Group Inc. in the United States for approximately US$5 billion. The buy moves the Japanese mutual life insurer into the international market. Meiji Yasuda will acquire all outstanding shares of StanCorp for US$115 per share in cash. The acquisition price represents a 50% premium […]

Fixed index annuities: Sales growing, products evolving

{July 27th, 2015} by ED MCCARTHY, CFP, RICP

Indexed annuities (IAs or fixed index annuities [FIAs]) continue to produce solid business results. LIMRA Secure Retirement Research reported that the products’ sales reached $48.2 billion in 2014, a 23 percent increase over 2013. For the first time, FIAs accounted for more than a 50 percent market share for all annuity sales. Click here to […]

The accidental insurance agent

{July 27th, 2015} by LORI WIDMER

To Christopher Sullivan, a perfect world is one in which insurance agents would be viewed in the same light as attorneys andaccountants. Sullivan, a risk management advisor with Powers Insurance and Benefits in Clayton, Missouri, says insurance is just as crucial to a business’s longevity, yet is often looked upon as a commodity rather than […]

Social Security is here to stay, and advisors are studying up

{July 27th, 2015} by JOYCE HANSON

Long live Social Security. That’s the message from Social Security’s trustees in their annual report released last week, saying the federal program is in better shape than last year, and they’re supported in that message by financial advisors who routinely use Social Security as part of their retirement income planning for clients. On Wednesday, the […]

Missouri Changes Asset Protection Law For Married Couples

{July 27th, 2015} by InsuranceNewsNet

On July 10, 2015, Governor Jay Nixon of Missouri signed Senate Bill No. 164, which dramatically changes the Missouri qualified spousal trust requirements and, as a consequence, the entire asset protection landscape for Missouri married couples. The new law takes effect on Aug. 28, 2015 and should apply to traditional as well as same sex- […]

Miami Insurance Agent Arrested For Fraud

{July 27th, 2015} by Miami Herald

A Miami insurance agent faces several felony fraud and grand theft charges after detectives say he stole more than $80,000 from four clients by giving them fake policy documents, the Florida Department of Financial Services’ Division of Insurance Fraud announced Wednesday. Mandy Rodriguez, 35, was arrested Wednesday and charged with one count of unlawfully diverting […]

Ameriprise Operating Earnings Rise In Flat Investing Environment

{July 27th, 2015} by Star Tribune

Ameriprise Financial Inc. said its second-quarter operating earnings rose 6 percent to $436 million and its investment level held relatively steady after overseas earnings were dented by the effect of the strong dollar. The Minneapolis-based financial management firm also said its net income rose 11 percent to $415 million and revenue jumped 2 percent to […]

DOL, Industry Years Apart on Fiduciary Rule Implementation Schedule

{July 27th, 2015} by Cyril Tuohy

The dust has barely settled between U.S. Department of Labor regulators and the financial advisory industry over the finer points of a proposed fiduciary rule and both sides are ready to square off over the implementation sequence of the rule. The American Council of Life Insurers said the DOL needs to give the industry at […]

California Makes an Annuity Best Practice a Law

{July 27th, 2015} by Linda Koco

The California legislature has passed, and the governor has signed, a new fixed annuity law that essentially codifies a surrender charge practice that most annuity carriers have followed as a matter of everyday practice—or a “current best practice,” as Insurance Commissioner Dave Jones has put it. The measure, Senate Bill 426 (Leyva), requires that, when […]

10 of the wealthiest U.S. women

{July 27th, 2015} by DAN BERMAN

There’s plenty of evidence that the wealth of women is growing. A Wells Fargo survey last year found that not only are women accruing more money, but they also enjoy investing their resources. The rise in wealth among women got us wondering who are among the richest in the U.S. Click there to read…

Man Pleads Guilty To Duping Family With Fake Life Insurance Policy For 12 Years

{July 27th, 2015} by Commercial Appeal

Eric Boyland testified Tuesday that no other family should have to endure what his family experienced after discovering a man had stolen his mother’s life insurance money. Boyland said he has worked with juveniles, but “when you get to that point when you’re an older person, you should know better,” Boyland said. Jerry Gardner, 62, […]

The DOL fiduciary rule: reactions from 4 industry associations

{July 27th, 2015} by WARREN S. HERSCH

The Department of Labor’s proposed fiduciary rule on retirement account investment advice is bad for the industry and bad for consumers. This is the overwhelming consensus of industry associations that have submitted last-minute letters in advance of a comment deadline set by the DOL. Among the organizations voicing concerns: the Association for Advanced Life Underwriting […]

Fixed indexed annuity sales displacing some VA products at BDs

{July 27th, 2015} by DANIELLE ANDRUS

Although variable annuity sales, both with and without guaranteed lifetime income benefits, far outpace total annuity sales for broker-dealers, fixed indexed annuity sales account for 10 percent of broker-dealers’ total annuity sales, according to a survey released Monday by the Insured Retirement Institute. Furthermore, FIAs are starting to displace sales of VAs and traditional fixed annuities. Almost […]

Sen. Warren rips Primerica president during Senate panel on DOL rule

{July 27th, 2015} by NICK THORNTON

A well-mannered, at times jocular subcommittee hearing on the Department of Labor’s conflict of interest proposal in the Senate turned in tone when Sen. Elizabeth Warren, D-Massachusetts, took to questioning panel witnesses. One in particular, Peter Schneider, president of Primerica Inc., a Georgia-based provider of investment services distributed through a channel of 90,000 advisors, was specifically signaled out by […]

Midland Park Man Admits Stealing $650,000 From Investment Company Clients

{July 27th, 2015} by Paul Nichols

Kwen Y. Chun, a former registered representative of a broker-dealer offering investment products and services, including variable life insurance and annuities, today admitted using his position to steal more than $650,000 from the company’s clients, U.S. Attorney Paul J. Fishman announced. Chun, 58, of Midland Park, New Jersey, pleaded guilty before U.S. District Judge Susan […]

Lincoln National Hires Voya’s Hobbs for Annuity Risk-Management

{July 27th, 2015} by Katherine Chiglinsky

Lincoln National Corp. hired Carey Hobbs as head of variable-annuity risk management to help with the day-to-day oversight of its hedge program. Hobbs, 38, joins from Voya Financial Inc. where he was head of market risk management, Radnor, Pennsylvania-based Lincoln said Wednesday in a statement. He replaces Eoin Elliffe and will report to Lincoln’s chief […]

How much retirement income will $1 million generate?

{July 27th, 2015} by Walter Updegrave

How much retirement income can I get from a $1 Million nest egg? — Darrell, Texas I hate to sound as if I’m equivocating, but the answer depends on a whole bunch of factors, including your age, your sex, the level of interest rates and the investment returns you earn, how long you would like […]

ACCUSED SENIOR SCAMMER SIPHONED THOUSANDS FROM DEAD WOMAN’S BANK ACCOUNT

{July 27th, 2015} by Corin Hoggard

A Fresno money manager is accused of scamming seniors to help pay off his own massive debts. The numbers just didn’t add up. Thousands of dollars were leaving Alta Crawford’s trust fund — money the Kern County woman left behind for her children and grandchildren. When state insurance investigators checked into it, they discovered more […]

Meiji Yasuda to pay $5 billion for StanCorp

{July 27th, 2015} by ALLISON BELL

Meiji Yasuda Life Insurance Company has agreed to pay $5 billion in cash for StanCorp Financial Group Inc. (NYSE:SFG), the parent of The Standard. The deal amounts to $115 per share, or a price about 50 percent higher than the recent stock price. StanCorp, a company founded in 1906, has been a top player in […]

Broker/Dealers Embracing FIAs As Demand Grows

{July 22nd, 2015} by InsuranceNewsNet

The Insured Retirement Institute (IRI) today released a new research report showing that fixed indexed annuities (FIAs) are becoming a greater part of broker-dealers’ annuity business. The IRI report found that FIAs made up 10 percent of total broker-dealer annuity sales in 2014, and half of broker-dealers expect this share to continue to grow. “The […]

MetLife Enters The Individual QLAC Market

{July 22nd, 2015} by Cyril Tuohy

MetLife’s announcement today that it had entered the individual qualifying longevity annuity contract (QLAC) market offers advisors and their clients more retirement income flexibility. This comes as millions of baby boomers become subject to required minimum distribution (RMD) rules beginning next year. MetLife’s individual QLAC is built on the company’s Guaranteed Income Builder deferred income […]

currency