Both the Securities and Exchange Commission and Department of Labor have included best interest standards on their agenda for fall 2019. The Labor Department is working on a revised fiduciary rule, and the SEC is in the process of reviewing comment letters and other feedback on Regulation Best Interest, including…
Life insurance producers should be mindful that clients don’t miss out on opportunities to convert life insurance policies into life settlements, Robin Weinberger and Peter Katz write. The contestability period and policies lapsed beyond the grace period present roadblocks to life settlements, they write. ThinkAdvisor (free registration)
The Federal Reserve still plans to gradually increase interest rates but has left them unchanged at a meeting this week. The central bank says the US economy remains healthy but notes a downturn in growth of business investment. Reuters
Men tend to ignore or feel indifferent about risk, making it difficult to sell them insurance, including long-term-care insurance, writes Harley Gordon of the National Academy of Elder Law Attorneys. Gordon suggests focusing the conversation on consequences for loved ones, rather than risk to oneself. InsuranceNewsNet Magazine
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