Several CEOs of life insurance companies are describing the likely impact of the Labor Department's fiduciary rule as "manageable," even as they expect costs to increase. "I think most companies who are effective in how they implement the requirements of new regulations can do it on an economical manageable basis,"…
May is Disability Insurance Awareness Month, a good time to shine the spotlight on the state of disability-income insurance in America. According to Northwestern Mutual's 2016 Planning & Progress Study, half of Americans rely on their job income to meet their financial obligations, yet more than two thirds — 69%…
Coaching and training forums are becoming popular ways for advisors to gain business opportunities. Coaching involves a holistic approach to growing business, while traditional conferences and seminars generally deal with one or two issues, says John Bowen Jr., CEO of CEG Worldwide. Financial-Planning.com
Independent insurance agents are becoming concerned that the way insurance companies comply with the Labor Department's new fiduciary rule, particularly as it applies to the sale of annuities, could hurt their businesses. Some insurance executives have expressed reservations about their ability to assure compliance by independent agents. "We … have…
For Disability Insurance Awareness Month, the Council for Disability Awareness is focusing on four groups that it sees as underserved market segments: millennials, families, empty nesters and pre-retirees. LifeHealthPro
One in 4 workers are likely to experience a disability, but 69% lack disability-income insurance, a Northwestern Mutual survey found. About half of respondents said they would reduce expenses if a disability prevented them from working, while 35% said they would tap into their savings. BenefitsPro.com
The Senate will act on a resolution to prevent implementation of the Labor Department's fiduciary rule governing retirement advice, says Sen. Johnny Isakson, R-Ga., a leading critic of the rule. After the vote, the measure might be sent to the House to garner support, Isakson says. The House passed a…
NAIFA has teamed with Kelsey National to offer the NAIFA Advantage Plus Group Disability Income Insurance Protection Plan, a quality product with excellent features and competitive rates to protect your income and the income of your spouse. Visit www.kelsey.com/naifa or call 800-366-5656, option 3. When calling, be certain to identify…
Advisory firm owners must strike a balance between having goals that drive sustainable growth and allowing employees to adapt to changes, Glenn Kautt writes. "For best results, develop a carefully thought out business model and strategy with specific, measurable and attainable goals," he writes. Financial-Planning.com
Many states have adopted regulations that set limits for premium increases on newer long-term-care insurance policies. Steve Cain of LTCI Partners says such rules might be causing insurers to greatly increase premiums on older policies. U.S. News & World Report
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