MassMutual's Whole Life Legacy 10 Pay will be repriced in December. Although premiums will increase for this product, policy dividends will reflect the higher premiums and overall product performance is expected to be similar to the current series. MassMutual's Legacy series products are priced so that premiums are sufficient to…
Visit the expo hall at the NAIFA Performance + Purpose Conference and attend the 25-minute Expert Ideas Workshops focused on sales, prospecting and practice-management ideas. See a full list of the Expert Ideas Workshops, which will take place in a special presentation space inside the expo hall.
The Labor Department will take public comment for 15 days on a proposal to delay for 18 months the effective date of the best-interest contract exemption in the fiduciary rule. The agency also plans to propose a streamlined version of the exemption. ThinkAdvisor (free registration) (8/30), InsuranceNewsNet online (8/30), InvestmentNews…
How financial advisers can aid clients after disaster strikes As the devastating effects of Hurricane Harvey continue to unfold, columnist and retirement planner Dave Grant offers strategies to help advisers give disaster-affected clients the most effective support. In addition to briefing victims on their insurance status and suitable portfolio withdrawals…
The Labor Department has filed with the Office of Management and Budget to delay by 18 months the January deadline for full compliance with the department's fiduciary rule. The OMB has 90 days to review the proposal. Investment Advisor
The US financial system is safer than it was before the financial crisis but this is no time to become complacent about protecting the system's stability, Federal Reserve Chair Janet Yellen said at the central bank's annual conference in Jackson Hole, Wyo. She warned of "the all-too-familiar risks of…
The IRS has released model amendments that defined benefit retirement plan sponsors can use if they want to offer participants partial annuity distribution options. The IRS revised its regulations to encourage plan sponsors to offer annuities to protect participants from the financial risks of unexpected longevity. PlanSponsor online
People who inherit a nonqualified annuity have options for lowering the tax liability, says Laird Johnson of AXA Distributors. Those options include stretching distributions over the beneficiary's expected lifespan or using a 1035 exchange to shift funds into another vehicle, such as a long-term-care insurance policy. Financial Planning online
Management coach John Bowen lists six key words — all beginning with C — that he says are paramount in strengthening client loyalty. "A devoted, delighted client base is vital to creating and growing a truly exceptional practice," he writes, noting this is important because "[w]e are moving toward an…
Team Brokers Central will be attending an exciting professional development day on Tuesday, Aug 15 along with some of our Premium & Priority brokers. The programs will be directed by Simcha Gluck co-founder of FreshBiz featuring his one-of-a-kind "gamification" program. Along with BC company advisors Phyllis Calvano & Vince Vitiello. Our…
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