Financial planner Ellen Siegel explains the “buckets” approach to allocating retirement savings. To avoid putting some assets at risk to market volatility, they can be held in annuities, she says. CNBC (8/17)
Rich Dunn explains an asset allocation strategy that combines annuities and dividend-paying stocks to produce retirement income that keeps up with inflation. He takes note of the limitations of relying upon bonds for income. Farm Futures (8/19)
Retirement expert Wade Pfau reviews how period-certain payments, cost-of-living adjustments and cash refunds when the annuitant dies influence the prices of income annuities. Forbes (8/18)
Short-term-care insurance, which can cover nursing-home care for less than a year, is catching on, Cyril Tuohy writes. The number of policies sold was up 71% in the first six months of 2015 compared with the year before, and total premiums rose 54%, a survey by the National Advisory Center…
“NAIFA always has, and always will, have your back with policy makers and regulators. Providing a clear, consistent and ever-present voice is part of what we do as your professional association,” NAIFA CEO Kevin Mayeux writes. Read more on the Advisor Today Blog.
Annuity carriers Transamerica, New York Life, Prudential and Great American are participating in a centralized database that the annuity industry uses to monitor producer training data. The Depository Trust & Clearing Corp. created the service to track which training programs have been completed by annuity agents. InsuranceNewsNet online (8/18)
Common ways to compare life insurance policies include net-cost, interest-adjusted-cost, equal-outlay, cash-accumulation and Linton yield methods, this book excerpt says. BenefitsPro.com (8/17)
For many advisers and clients, taxes arise as an issue once a year, only to be forgotten until the next year. This cycle is a mistake, writes Rick Plum of Lucia Capital Group. Plum writes that effective tax planning is an ongoing concern and offers four issues that deserve attention….
Life insurance is underused as a charitable-giving mechanism, largely because clients might not understand the option, writes Palmer Williams of Saybrus Partners. Advisers can identify clients who could benefit, ask them meaningful questions and then select the right policy to meet their goals, Williams writes. InsuranceNewsNet online (8/17)
Only 40% of women have life insurance, and their coverage averages $129,800, compared with $187,100 for men, Consumer Affairs says. Insurance policies were in place for only 30% of single parents, 83% of whom were women, the report says. National Underwriter Life & Health (8/17)
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