The long-term-care insurance industry could see stable and even lower premiums, with more companies possibly joining the market within a few years, if the Federal Reserve continues to gradually raise interest rates, says Jesse Slome, executive director of the American Association for Long-Term Care Insurance. InsuranceNewsNet online (12/22)
It turns out a good source for retirement income for today’s children may be right under their pillow. According to analysis from Delta Dental Plans Association, if today’s 6-year-olds invest all the money they receive from the tooth fairy, they could be sitting on a combined total of roughly $70…
Competition is fierce in the industry, and advisers are right to wonder how they can add value beyond standard financial planning and portfolio management, writes Steve Sanduski of Belay Advisor. They should consider adding a retirement-coaching component to their practices, he writes. InvestmentNews (12/21)
From September 2013 to March 2015, the percentage of non-elderly adults with a connection to a health care provider rose 3.4 points, and the increase was 5.2 points among low-income adults, researchers report. Health Affairs Blog (12/16)
Historically, stock prices tended to rise on news that they had been added to major stock indexes. But market conditions have changed over time, and the effect has been diluted significantly, note Lynn Blake and Karl Schneider. Institutional Investor online (12/21)
The popular “file and suspend” Social Security option is being phased out. But Michael Kitces of the Pinnacle Advisory Group suggests an alternative, one that revolves around spousal benefits determined by earnings. MarketWatch (12/21)
Millennials consider life insurance and paid time off as the most crucial workplace benefits, and they prefer health insurance over retirement-savings benefits by a wide margin, according to a survey by the Employee Benefit Research Institute and Greenwald & Associates. BenefitsPro.com (12/21)
Technology shifts are a fact of life in the financial services industry. Neal Quon discusses four things that “you can do to position yourself and your business for success with big technology changes,” starting with implementing “a strong internal communication plan.” InvestmentNews (12/18)
A $1.15 trillion spending measure and $620 billion in tax breaks cleared both houses of Congress on Friday morning, and President Barack Obama signed the legislation. The House passed the measures separately, then they were combined for the Senate. The legislation delays the Affordable Care Act taxes on high-cost health…
Advisers who work for banks should look to existing customers and to millennials when trying to drum up new business, a LIMRA study says. Current bank customers have double the likelihood of buying insurance and investment products, while millennials have a relatively strong tendency to keep savings and investments at…
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