Long-term-care insurance is expensive, but it can be a good choice for those aiming to protect an estate or seeking high-quality nursing home care for a loved one, experts say. Those considering LTC policies should weigh the pros and cons and talk with their financial adviser and their families, experts…
Achieving a higher ranking in search results is important, but there are several mistakes that could be limiting the effectiveness of your search engine optimization, writes Jayson DeMers, founder and CEO of AudienceBloom. Avoid these pitfalls by fully committing to SEO, reviewing the quality of your inbound links and content,…
The outcome of the US presidential election could determine whether the Labor Department’s proposed fiduciary rule is implemented. “If it’s a Republican who gets into office, all bets are off,” said Duane Thompson, senior policy analyst at fi360. “It’s in the best interests of [the Labor Department] to get the…
Advisers rarely respond to a client’s text message with a text because they are worried about violating the Financial Industry Regulatory Authority’s rule that electronic messages be supervised and recorded, which is more challenging for texts. Daniel Hill, a financial-services attorney and a FINRA arbitrator, said the regulator is cracking…
The American Council of Life Insurers has criticized a proposal by the National Association of Insurance Commissioners that would require carriers to search the Social Security Administration’s Death Master File. The provision would likely invite lawsuits, the group says. InsuranceNewsNet online (12/23)
Research shows that people tend to make emotional decisions about complex matters, John Capuano writes. “So while many advisors are conditioned to start a marketing campaign or conversation (or a one-on-one meeting) with hard facts, it’s likely that they won’t make an emotional connection with their prospect,” Capuano writes. WealthManagement.com…
The presidential candidates have so far largely avoided publicly discussing insurance-related retirement issues, such as annuities and long-term care. The candidates have, however, discussed Social Security, Medicare and other retirement concerns. InsuranceNewsNet online (12/22)
The phase-out of the file-and-suspend Social Security claiming strategy may not be the game-changer that many in the industry assume it is, according to Jeff Miller of Social Security Choices. The losses to participants are generally not severe, he says. InvestmentNews (12/22)
This year, advisors are focusing on tax-loss harvesting to help clients escape the 3.8% surcharge on net investment income contained in the Patient Protection and Affordable Care Act. The strategy can be applied to annuities and life insurance via a 1035 exchange, said Jamie Hopkins of the American College of…
The long-term-care insurance industry could see stable and even lower premiums, with more companies possibly joining the market within a few years, if the Federal Reserve continues to gradually raise interest rates, says Jesse Slome, executive director of the American Association for Long-Term Care Insurance. InsuranceNewsNet online (12/22)
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