The number of short-term-care insurance policies sold in the first half of 2015 was up 71% year-over-year to hit 26,237, while total premium was up 54%, according to the American Association for Long-Term Care Insurance. "Agents need to seek other options to meet their client needs, and a policy that…
Many young, healthy adults believe they do not need health insurance, and some are comparing the price of a tax penalty for remaining uninsured against the costs of health insurance premiums. But the penalty is rising, and households that remain uninsured and do not qualify for an exemption from the…
Investors in general are staying the course and avoiding panic selling amid market volatility, experts say. "They aren't really worried about timing the market but having time in the market," said Sarah Holden of the Investment Company Institute. The Associated Press (1/27)
About a third of investment-advisory firms expect to add junior advisers, while 28% plan to add administrative staff and 21% are looking to add lead advisers, a TD Ameritrade survey says. Experts say growing firms should focus on hiring to address their administrative workload so advisers have more time to…
Behavioral-finance studies reveal that people who are confused put off making decisions. LIMRA's research has shown that this is particularly true for people shopping for life insurance. To give you an idea of how important effective communication is, consider a LIMRA/Maddock Douglas report that found there are 19 million "stuck"…
Advisors are sometimes unsure about how to advise clients in times of volatility. "As advisors, we realize that clients tend to be more risk adverse than risk seeking," writes Mike Patton of Integrity Wealth Management. He offers some advice to help clients make the right moves. ThinkAdvisor (1/25)
The Department of Labor's proposal to encourage state retirement plans would benefit by offering states less leeway in setting up their programs, writes Robert Pozen. It "should include conditions requiring states to hire qualified financial professionals to invest worker contributions," he adds. RealClearMarkets (1/26
Advisors would serve their clients well by including annuities and life insurance in their asset allocations, writes financial planner Ted Jenkin. "This will ensure they will have some level of guaranteed future retirement income," he writes. InsuranceNewsNet online (1/25)
Agent Review has introduced a platform to let people find insurance agents in their ZIP code and view biographies and customer testimonials. CEO Jonas Roeser says the app is an educational resource and a "credibility-building service for agents." LifeHealthPro (1/26)
"NAIFA's emphasis on advocacy aims to keep our members in business by promoting positive legislative and regulatory outcomes," writes NAIFA CEO Kevin Mayeux. "Often, this involves opposing laws or regulations, such as the current draft of the Department of Labor's 'best interests' rule proposal, which would harm advisors and their…
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