Although a recent survey from Financial Engines shows an overwhelming number of Americans declaring themselves in favor of the intent of the Department of Labor's fiduciary rule, it also reveals a significant lack of knowledge on what the rule means. Sixty-eight percent of respondents said they had never heard of…
Chris Conklin, a licensed agent and fellow of the Society of Actuaries, reviews some of the information that agents and advisors should provide to clients to overcome misleading criticisms of annuities that often appear in advertising. ThinkAdvisor (free registration)
The Labor Department issued a bulletin assuring financial professionals that enforcement of its new fiduciary rule will be limited during a "phased implementation period" that ends Jan. 1. "[T]he Department will not pursue claims against fiduciaries who are working diligently and in good faith to comply with the fiduciary duty…
Welcome to the relaunch of our popular Self-Directed Power Lunch (SDPL) meetings. At our SDPL meeting on Thursday, May 18 2017 co-host Peter Holmes CLU, ChFC, RHU, REBC, CASL (Life Insurance Consultant at The Guardian Life Insurance Company of America) did a superb job addressing questions posed and shared a…
Supporters of the Department of Labor's fiduciary rule have said they will sue the DOL if provisions of the rule that are set to go into effect June 9 are delayed again. Opponents of the rule have asked Secretary of Labor Alexander Acosta to delay the rule further to allow…
Term life insurance can make a valuable fringe benefit for top management and other valuable employees, writes David Szeremet of Ohio National Financial Services. Such coverage tends to be affordable for an organization to provide, and it can be portable for the employee, Szeremet notes. InsuranceNewsNet online
The timing of premium payments for guaranteed universal life insurance policies is important, writes Bill Boersma of OC Consulting Group. Payments made too late or too early can affect such policies' guarantee formulas, Boersma writes. WealthManagement
As financial professionals, we are more successful in helping clients reach their financial goals when we understand the motivations and rationale behind their decision making. A national study, From Concerned to Confident by Guardian Life identified links to and behaviors of overall life satisfaction and financial confidence. The research revealed…
US financial markets are reacting negatively to a steady stream of troubling news from Washington, D.C. On Wednesday, the Standard & Poor's 500 index dropped 1.8%, the CBOE Volatility Index shot up 46%, Treasurys rallied and the price of gold gained almost 2%. The New York Times
Research from the Employee Benefit Research Institute finds that retirement accounts and home equity represent about half of all retirement assets other than Social Security benefits. The research also indicates that people who have retirement accounts have more assets and lower debt than those who don't. PlanAdviser online (5/17)
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