A bill proposed by the federal government would let some federally regulated employers purchase annuities to take on their pension obligations under the Pension Benefits Standards Act in situations that don't involve a wind-up. The pension risk could be transferred to an immediate or deferred life annuity if certain conditions…
For people who want assurance that they won't run out of money in retirement, it's a good idea to set aside some savings to purchase annuities, Walter Updegrave writes. Generally, the best choices for secure retirement income are immediate annuities or deferred annuities, he writes. CNNMoney (10/26)
Research shows that there actually is interest from parents in buying life insurance for their children, which is why benefits advisers should be talking about permanent life insurance with clients, writes Pam Jenkins of Colonial Life & Accident Insurance Company. Among the benefits to highlight are affordability, protection of insurability…
There are all kinds of acronyms on social media and within the insurance world. A newly coined acronym, FOU (fear of underwriting), refers to the anxiety associated with life insurance underwriting. FOU can be a deterrent to life insurance sales for financial professionals and for clients! Financial pros don’t want…
Life insurance with a long-term-care or critical-illness rider can be a better choice than a stand-alone LTC policy, but consumers need to know the differences between the types of riders, writes Rod Rishel of AIG Consumer Insurance. One factor is that LTC riders are required to have consumer-protection provisions, while…
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