About three-fourths of Americans view wealth protection as a key function of life insurance, a Lincoln Financial Group study says. Just 49%, however, said they have a life insurance policy, the study says. National Underwriter Life & Health (9/9)
For many successful clients, life insurance can provide an opportunity to protect loved ones during the working years while supplementing retirement savings on a tax-advantaged basis and protecting against potentially catastrophic long-term-care costs. In this interview, Saybrus Partners’ Kevin Kimbrough discusses the trends shaping life insurance and how advisers can…
Insurance industry veteran Kim O’Brien takes a step-by-step look at what consumers might be forced to go through if the Department of Labor’s new fiduciary rule is passed. “Judging by the exceeding low complaint rate on annuities and the various state departments’ efficiency in resolving those complaints,” she writes, the…
Janet Colliton, a lawyer specializing in elder law, explains a recent appeals court ruling that clarifies the use of spousal immediate annuities in Medicaid planning. The ruling resolves some questions about the use of these annuities. Daily Local News (West Chester, Pa.) (9/9)
Stock market volatility is likely to produce an increase in annuity sales, but not on the magnitude it did after the 2008 financial crisis, said Sheryl Moore, CEO of both Wink and Moore Market Intelligence. “Anytime we see a drop in the market, we see an increase in indexed annuity…
Insurers that issue annuities and universal-life contracts likely will see profitability improve when the Federal Reserve increases interest rates, Kalyan Nandy writes. Higher interest rates are expected to widen the spread between return on investment and funds paid to customers. Zacks (9/3)
Estate planning is usually a mundane exercise, albeit an important one. While short-term problems are not common, advisers and clients would be wise to pay attention to key details to ensure that all documentation holds up if challenged later. Here are 12 tips. WealthManagement.com (U.S.) (9/2)
Sales of fixed index annuities surged to almost $12.3 billion in the second quarter, an almost 8% increase over the first quarter total, according to data from Wink. In the second quarter, sales of conventional fixed annuities topped $3.7 billion and sales of multiyear guaranteed annuities came in just over…
A research paper on the National Bureau of Economic Research website says people with long-term-care insurance appeared to have lower levels of informal care and are less likely to ultimately live with their adult children. National Underwriter Life & Health (9/2)
Little talk of the proposed fiduciary rule has emerged from the US Labor Department since its public hearing on the issue. NAIFA members continue to discuss the proposal with lawmakers, and the association is seeking an additional meeting with Labor officials. “We don’t feel we’re letting off of the gas…
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