Here’s an easy, low-cost way to build a retirement plan like the pros
{July 7th, 2020} by Greg Iacurci
Saving for retirement can be hard. Planning how to spend that nest egg — while ensuring the money doesn’t run out — is harder. But there’s good news: Americans can build a simple, low-cost retirement plan using just Social Security and savings, according to experts. From an academic standpoint, the “optimal” retirement strategy combines two concepts, said Wade […]
JPMorgan’s Kelly: Welcome to the ‘Back Roads of the Economy’
{July 7th, 2020} by Jeff Berman
There is still a long way to go before the United States has a full economic recovery and it is therefore wise for investors to be cautious, not make any bold predictions about what will happen with the economy for now, and maintain balanced portfolios, according to JPMorgan strategists. “Technically, the recession is actually over” […]
Opinion: Why annuities can be a good addition to retirement investments
{July 7th, 2020} by Patrick Rowan
The COVID-19 pandemic is making many Americans — whether they’re approaching retirement age or just starting out in their career — anxious about their finances, and retirement savings and plans. As a result, people are increasingly looking for lifetime income products that are less susceptible to factors like market volatility, retirement longevity, and challenges created […]
The Real Key To Making Money In Retirement
{July 7th, 2020} by David Abreu
The talking heads on cable TV shows would have you believe that if you gather the right information quickly enough or time the market just right, you’ll somehow turn your retirement dollars into a never-ending income stream. While chasing the next big thing in a 24-hour news cycle may seem exciting to some, it seldom […]
How Fixed Index Universal Life Insurance Policies Can Help Provide A Level Of Stability In Volatile Markets
{July 7th, 2020} by Jason Wellmann
As clients deal with the economic fallout of the COVID-19 pandemic, many may be looking for ways to diversify their portfolios in order to be better prepared for market volatility going forward. In fact, a recent Allianz Life study* found that over seven in 10 (72 percent) say the impacts of the COVID-19 pandemic are […]
New World Of Life Insurance
{July 7th, 2020} by Dave Wickersham
A relatively few years ago, the industry was simple—life or term life or maybe group term. Almost all Americans knew they needed coverage and a large percentage were purchasers of one of these products including many policies purchased for small children for later in life. Face amounts were relatively small, but financial obligations and incomes […]
The Times They Are A-Changin’…Will Your Plans Keep Up?
{July 7th, 2020} by Luke Cosme
One thing 2020 has been good for, in addition to some great #Thanks2020 memes, is a change in perspective. Take the concept of work from home for example. For many, work from home began as pilot with only a select few employees allowed to participate. There were corporate policies that governed when and how long […]
Broker Words—July 2020
{July 7th, 2020} by Stephen Howard
My wife Hope is still pretty freaked out about COVID-19. She’s an ardent masker and views those who go without as beings essenced somewhere between the Walking Dead and animal abusers. She was ecstatic when I surprised her with fake Louis Vuitton and Chanel masks found on Etsy. With apologies to Iggy Azalea, She’s so fancy…You […]
DOL proposes new standard to replace vacated fiduciary rule
{July 6th, 2020} by Mark Schoeff Jr
The Department of Labor announced Monday it is proposing a new regulation to govern investment advice in retirement accounts to replace a rule that was vacated more than two years ago by a federal appeals court. Click HERE to read the full story via InvestmentNews
COVID19 IMPACT- GLOBAL VARIABLE UNIVERSAL LIFE INSURANCE MARKET RECENT INDUSTRY DEVELOPMENTS AND GROWTH STRATEGIES ADOPTED BY TOP KEY PLAYERS: ALLIANZ, AXA, GENERALI, PING AN INSURANCE
{July 6th, 2020} by Accounts@Reportsandmarkets.Com
Global Variable Universal Life Insurance Market: Trends Estimates High Demand by 2027 Variable Universal Life Insurance Market report 2020, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Variable Universal Life Insurance Market research Reports offers an extensive collection of reports on different markets covering […]
Nominations open for Women to Watch 2020
{July 6th, 2020} by Business Insurance
Business Insurance is accepting nominations for the 2020 Women to Watch Awards. The program, which is in its 15th year, recognizes female executives working in risk management, insurance and related fields. Honorees are recognized for their accomplishments, expertise, leadership and future prospects. Conditions allowing, winners will be recognized at two awards events, which will include professional […]
Nationwide starts July as fully independent insurance agency carrier
{July 6th, 2020} by G. Turner
Nationwide has announced that as of July 1, it has become an independent insurance agency carrier. For 18 months, the insurer has been working on the transition process to become an independent insurance agency carrier. Throughout that time, it has managed to keep over 99 percent of its agents, who were formerly employed by the […]
Fresh from Midland National and DPL, AllianzIM
{July 6th, 2020} by Editorial Staff
A versatile fee-based FIA from Midland National, on the DPL platform DPL Financial Partners and Midland National Life Insurance Company are introducing a new commission-free fixed index annuity (FIA) with a “health-activated income multiplier” feature. Click HERE to read the full story via RIJ
Let’s Talk Deferred Variable Annuities
{July 6th, 2020} by Wade Pfau
Deferred variable annuities with income guarantee riders have gained popularity as a retirement income tool providing behavioral solutions for the annuity puzzle. Retirees are not always comfortable seeing the premiums disappear from their portfolio balances when buying income annuities that convert a lump-sum premium into a protected lifetime income. Many features of a variable annuity […]
SE2 named a Leader in Life, Annuities, and Pensions BPS by NelsonHall
{July 6th, 2020} by SE2
TOPEKA, Kan., June 30, 2020 (GLOBE NEWSWIRE) — SE2, an Eldridge business, and a best-in-class insurance technology company, has been named a Leader in the 2020 NelsonHall Evaluation and Assessment Tool report for Life, Annuities, and Pensions BPS. SE2 scored highly as a Leader in its evaluation grid for the “ability to deliver immediate benefit” […]
Retirement Basics: What Is An Annuity?
{July 6th, 2020} by David Rodeck
An annuity is an insurance contract that exchanges present contributions for future income payments. Sold by financial services companies, annuities can help reinforce your plan for retirement. Full article at Forbes. Wink’s Note: Gains are locked-in; you can never lose money when the market index declines on an indexed annuity. There are no […]
Opinion: Get serious about reducing risks in your investments
{July 6th, 2020} by Keith Singer and Roy Rosner
Even though the economy is a shell of what it was prior to the COVID-19 pandemic, the S&P 500 is down only 6% for the year, and the NASDAQ 100 has recently set record after record, and is up more than 10% for the year to date based upon data available at Yahoo.Com. The stock […]
AM Best Affirms Credit Ratings of American Equity Investment Life Insurance Company and Its Subsidiaries
{July 1st, 2020} by AM Best
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of American Equity Investment Life Insurance Company (AEILIC) and its subsidiaries, American Equity Investment Life Insurance Company of New York (Lake Success, NY) and Eagle Life Insurance Company, collectively referred to as AEL. Concurrently AM Best has affirmed […]
Best’s Special Report: U.S. Insurers’ Private Equity Holdings Continue to Climb
{July 1st, 2020} by AM Best
OLDWICK, N.J.–(BUSINESS WIRE)–U.S. insurance companies for a fourth-straight year increased their private equity holdings—by nearly 10% in 2019 to $81.3 billion—as this asset class remains attractive to insurers looking to diversify their investment portfolios or increase returns in the low interest rate environment, according to a new AM Best special report. The Best’s Special Report, titled, “Private Equity Holdings […]
Investors Heritage Again Ranks Among Top 10 Fastest Growing U.S. Life Insurers
{July 1st, 2020} by Investors Heritage Life Insurance Company
FRANKFORT, Ky.–(BUSINESS WIRE)–Investors Heritage Life Insurance Company (“Investors Heritage”) today announced that, for the second year in a row, it ranked among the top 10 fastest growing U.S. life insurers in 2019, based on total-filed life, annuity, and accident and health direct premiums, according to a new report from S&P Global.1 Investors Heritage ranked as […]
DPL, Midland National Team up for First Commission-Free Fixed Index Annuity With Health-Activated Income Multiplier
{July 1st, 2020} by DPL Financial Partners
OUISVILLE, Ky.–(BUSINESS WIRE)–DPL Financial Partners and Midland National® Life Insurance Company (Midland National), are introducing a new, commission-free fixed index annuity (FIA), the Midland National Capital IncomeSM. Through its unique health-activated income multiplier feature1, Capital Income can double income payments for up to five years to help prepare for increased personal care costs. It offers […]
MassMutual $3 Billion Free Life Insurance Program Now Available Nationwide for Frontline Healthcare Workers Battling COVID-19
{July 1st, 2020} by MassMutual
SPRINGFIELD, Mass. & BOSTON–(BUSINESS WIRE)–Massachusetts Mutual Life Insurance Company (MassMutual) today announced the nationwide expansion of MassMutual HealthBridge, which provides free term life insurance to frontline healthcare workers who directly interact with patients fighting the virus. Previously, HealthBridge was available in MassMutual’s home states as well as those hardest hit by the pandemic. Now it will […]
7 Things to Know About the New DOL Annuity Sales Standard Proposal
{July 1st, 2020} by Allison Bell
The Employee Benefits Security Administration (EBSA) has unveiled a new sales standard proposal that could affect investment advice fiduciaries that help retirement savers roll cash from retirement plans into individual retirement accounts (IRAs). EBSA is an arm of the U.S. Department of Labor (DOL), and the new draft is likely to set off a new […]
The Gender Gap in Life Insurance
{July 1st, 2020} by Joshua Cox-Steib
Life insurance can be an uncomfortable topic, but it is a vitally important one. We live in a world where many of our financial obligations can and do outlive us. Life insurance provides a safety net for our loved ones when we are no longer with them. Insurance expert Laura Adams says, “Having life insurance […]
DoL proposes a fiduciary rule replacement that would buttress SEC’s Reg BI
{July 1st, 2020} by Andrew Welsch
The Department of Labor, now led by the attorney who spearheaded the charge to vacate the fiduciary rule two years ago, is rolling out a replacement for the defunct regulation. The proposed rule governing advice in retirement accounts is a nod to the SEC’s Regulation Best Interest, with which the Labor Department says it will […]
Legacy’s Virtual IMO University: Insights and Strategies for Sucess in an Uncertain World
{July 1st, 2020} by Legacy Marketing Group
SHERYL MOORE, president and CEO of Moore Market Intelligence, founder of Wink’s Sales & Market Report, and renowned Annuity Rockstar, will reveal what’s happening in the FIA market, including carrier and product trends and how carriers are reacting to our current environment. Click HERE to view invite.
Deloitte survey reveals “resilient generation”: Millennials and Gen Zs hard hit by COVID-19 pandemic, yet view this period as an opportunity to reset, take action
{July 1st, 2020} by Deloitte
EW YORK, June 25, 2020 /PRNewswire/ — In the face of unprecedented health and economic disruption caused by the COVID-19 pandemic, millennials and Gen Zs express resolve and a vision to build a better future, a new Deloitte survey finds. The 2020 Deloitte Global Millennial Survey, now in its ninth year, reveals that both generations remain resilient in […]
BB&T Insurance Holdings Rebrands as Truist Insurance Holdings
{July 1st, 2020} by Truist Insurance Holdings
CHARLOTTE, N.C., June 29, 2020 /PRNewswire/ — BB&T Insurance Holdings, Inc., a subsidiary of Truist Bank, today announced that it is now doing business as Truist Insurance Holdings, Inc. With $30 billion in premium in 2019, Truist Insurance Holdings is the fifth-largest insurance broker in the U.S. and sixth-largest in the world. The company, headquartered at the Truist Center in Charlotte, […]
The Alliance and Integrity Marketing Group Combine to Accelerate Growth and Provide More Insurance Coverage for American Families
{July 1st, 2020} by Integrity Marketing Group, LLC
DALLAS, June 30, 2020 /PRNewswire/ — Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, announced today its acquisition of National Agents Alliance (“The Alliance“), one of the country’s most prominent insurance marketing organizations (IMOs). The Alliance has helped more than 1.5 million Americans with their life insurance needs and has […]
Foresters Financial’s Tradition of Community Support Continues
{July 1st, 2020} by Foresters Financial
TORONTO, June 24, 2020 /PRNewswire/ – Foresters Financial™ (Foresters) announced today that in 2019 it contributed more than USD$11 million ($11.3 million) to support communities across Canada, the UK, and the US. The 148-year old fraternal life insurer is focused on enriching the well-being of families and communities. Through 2019, nearly 94,000 Foresters policyholders (members) and their guests participated in activities […]
AM Best Maintains Under Review With Negative Implications Status for Universal Life Insurance Company Following Arbitration Award
{July 1st, 2020} by AM Best
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Universal Life Insurance Company (San Juan, PR) (Universal Life) following a reinsurance arbitration award. This Credit Rating (rating) action reflects a continuation of the under review […]
Northwestern Mutual Study Finds that Among Americans who Hold Student Debt the Average Amount is $24,155
{July 1st, 2020} by Northwestern Mutual
MILWAUKEE, June 24, 2020 /PRNewswire/ — The latest set of findings from Northwestern Mutual’s 2020 Planning & Progress Study highlights the impact that student debt can have on a financial plan. Among U.S. adults aged 18+ who hold student debt, the average amount is $24,155. The study also finds that 42% of Americans with student debt say that if they had […]
AM Best Places Credit Ratings of Standard Life and Casualty Insurance Company Under Review With Positive Implications
{July 1st, 2020} by A.M. Best
OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” of Standard Life and Casualty Insurance Company (Standard Life and Casualty) (Salt Lake City, UT). The rating actions follow the recent announcement by ManhattanLife of its agreement […]
Financial impact of COVID-19 has many Americans reevaluating their retirement plans
{July 1st, 2020} by Nationwide
COLUMBUS, Ohio, June 24, 2020 /PRNewswire/ — Given this year’s tax deadline is extended to July 15, now is an ideal time for consumers to reevaluate their retirement plans, assess how COVID-19 has impacted their financial goals and develop a strategy to optimize taxes in retirement. According to the 2019 Tax-Efficient Retirement Income survey conducted online by The […]
Financial Services Industry Ranked 11th Out of 15 Industries Studied in MBLM’s Brand Intimacy 2020 Study
{July 1st, 2020} by MBLM
NEW YORK, June 24, 2020 /PRNewswire/ — The financial services industry maintained its 2019 spot, ranking 11th out of 15 industries studied in MBLM’s Brand Intimacy 2020 Study, which is the largest study of brands based on emotions. MBLM (pronounced Emblem), the agency using emotional science to build more intimate brands during these unprecedented times, is also analyzing COVID-19’s impact on the […]
Only 22% of Generation Z Say They Are Prepared to Be Life Insurance Beneficiaries or Know About Life Insurance Claims
{July 1st, 2020} by NAIC
WASHINGTON (June 11, 2020) – America’s Generation Z— which has grown up as digital natives and is more likely to be engaged in social activism—is less engaged when it comes to life insurance. According to a recent survey from the National Association of Insurance Commissioners (NAIC), only 22% of Generation Z say they are prepared to […]
Impact of Emotional Intelligence: New Harris Poll Study
{July 1st, 2020} by NAILBA
One of the questions people are asking themselves these days is, “Who do I believe?” With everyone learning at essentially the same time, a lot of advice is conflicting. Who you believe eventually comes down to who you trust. It’s the same way with financial relationships. The Million Dollar Round Table (MDRT) recently announced the […]
Too Far from the Core
{July 1st, 2020} by Chuck Hirsch
If you’re like me, this strange new world we’re living in has given rise to some serious contemplation. There’s been a lot of new-found time to think and unprecedented things to think about. One of the things I’ve been thinking about is how far some of us have moved from the core of this business, […]
IT Outsourcing in Life & Annuities Insurance Industry is Readying for Cost Transformation by Systems Simplification and Rationalization—Everest Group
{July 1st, 2020} by Everest Group
DALLAS (PRWEB) JUNE 30, 2020 The Life & Annuities (L&A) insurance segment experienced a growth in premiums of 2.0% to 2.5% in 2019, but this is expected to drop to -3.5% to -1.5% through 2020 as a result of the COVID-19 crisis, according to Everest Group. However, long-term industry growth fundamentals remain robust amidst the COVID-19 […]
DOL Floats Revised Fiduciary Rule to Align With Reg BI
{July 1st, 2020} by Melanie Waddell
The Department of Labor said late Monday afternoon that it is proposing a new exemption for investment advice fiduciaries, allowing them to receive “a wide variety of payments that would otherwise violate the prohibited transaction rules.” Those payments include “commissions, 12b-1 fees, trailing commissions, sales loads, mark-ups and mark-downs, and revenue sharing payments from investment […]
Hopkins, Kitces: As SEC’s Reg BI Goes Live, Worries Remain
{July 1st, 2020} by Janet Levaux
As the Securities and Exchange Commission’s Regulation Best Interest goes into effect today, some industry leaders are speaking about their continued concerns — both with the SEC’s rules and with a proposal announced late Monday by the Labor Department. The SEC finalized Reg BI a year ago to ensure that brokers adhere to the same fiduciary standard as RIAs when […]
How racial trauma, wealth and mental health collide in women’s financial lives
{July 1st, 2020} by Tobias Salinger
A book idea can come from anywhere. For financial wellness specialist Eugenie George, reading tables of contents in the personal finance section of a Barnes & Noble store provided inspiration. “I kept saying, ‘Well, what’s missing from this?’” George says. “There was no discussion about race or class. And then the folks that did write […]
Genworth Says Would-Be Buyer Is Having Trouble Closing on Financing
{July 1st, 2020} by Allison Bell
Genworth Financial Inc. says China Oceanwide Holdings Group Co. Ltd. of Beijing is having trouble nailing down the financing it needs to pay to acquire Genworth. China Oceanwide — a financial services and real estate development company based in Beijing — has been trying to acquire Genworth for about four years. The company is in the process of […]
Yes, It’s Possible to Underwrite Life Insurance Policies Remotely
{July 1st, 2020} by Shelby Hollister-Share
The coronavirus pandemic and social distancing measures have changed how we do business across industries — and insurance underwriting is no exception. Typically, life insurance underwriting requires a thorough medical examination (as anyone who has ever applied for a policy will know well). This involves an in-person visit, allowing the medical examiner to conduct a […]
Transamerica’s Parent Hires a Change Manager: Personnel Moves
{July 1st, 2020} by Allison Bell
Aegon N.V. — the parent of Transamerica — has hired Duncan Russell to be its chief transformation officer. The role is new. Aegon is based in The Hague, in the Netherlands, and manages the equivalent of about $1 trillion in assets. Russell will report to Lard Friese, Aegon’s chief executive officer, and will be a member of […]
6 Rolls of Toilet Paper v. Life Insurance
{July 1st, 2020} by Chris Cook
The ease of applying for and obtaining life insurance products during the pandemic has improved in recent weeks — and the process may be easier now than ever. We know the insurance-buying community has a heightened interest in our products based on what we are seeing in the financial publications, LIMRA reports, as well as […]
Reg BI Ruling Could Help Annuity Issuers, Commission-Based Agents
{July 1st, 2020} by Allison Bell
The American Council of Life Insurers (ACLI) says a new federal appeals court ruling should help an annuity sales standard it likes spread. A three-judge panel at the 2nd U.S. Circuit Court of Appeals ruled Friday that the U.S. Securities and Exchange Commission did have the authority to adopt Regulation Best Interest, and that Reg […]
How Advisors Can Connect With Female Boomers, Gen Xers and Millennials
{July 1st, 2020} by Ginger Szala
When targeting female investors, advisors should understand how each age group — baby boomers, Gen Xers and millennials — differ from each other in interests and needs and tailor their marketing accordingly, said Lori Hubbard, regional director of MFS, who spoke at the Commonwealth Summit for Women Advisors on Tuesday discussing why 50% of the […]
3 in 4 Investors Would Recommend Their Advisor: Study
{July 1st, 2020} by Ginger Szala
New research from Cerulli Associates and the Securities Industry and Financial Markets Association found that 78% of U.S. households with $100,000 to $1 million in assets use a professional advisor in some way. Most of them — 74% — said they would recommend their advisor, and 77% said their advisor was worth the cost. In […]
How to Decide if an Annuity Is Right for Your Client: Morningstar’s Benz
{July 1st, 2020} by Ginger Szala
Annuities have grown in popularity, largely due to their promise of a guaranteed income stream until a client’s death. They can help investors strengthen retirement plans, defer taxes and some can protect against stock market losses, but there are caveats, says Christine Benz, Morningstar’s director of personal finance. The questions advisors must answer: Is an […]
Can Americans’ Increasing Interest in Wellness Help Life Insurers Engage More People?
{July 1st, 2020} by LIMRA
New LIMRA-BCG study explores consumers’ willingness to share their data and how life insurers can leverage consumers’ enthusiasm in wellness WINDSOR, Conn., and BOSTON, June 25, 2020—A new study, conducted by LIMRA and Boston Consulting Group (BCG), finds 97% of Americans say they want to improve one aspect of their overall wellness. Three quarters of consumers claim they want […]
Pandemic Life Insurance Selling: ‘Become Better Listeners’
{July 1st, 2020} by John Hilton
Selling life insurance products in a pandemic is difficult, but one industry veteran reminds agents not to abandon the important techniques that connect them with clients. The most important thing is to make the connection, said Marv Feldman, recipient of the 2011 John Newton Russell award. That means a phone call, progressing to a possible […]
Nationwide successfully completes IA transition
{July 1st, 2020} by Nationwide
More than 99% of Nationwide exclusive agents affirm plans to continue relationship with Nationwide’s independent agency channel Nationwide accelerates transformational efforts to enable Independent Agency (IA) success New capabilities facilitate speed, ease, price stability and competitiveness Nearly 100 years ago, Nationwide began offering auto insurance to Ohio farmers through exclusive and independent agents, an approach […]
Fidelity National Financial, Inc. Announces Virtual Participation at KBW Title Insurance Day
{July 1st, 2020} by Fidelity National Financial, Inc.
JACKSONVILLE, Fla., June 18, 2020 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE:FNF) (the “Company”) today announced that the Company’s President, Mike Nolan, Chief Financial Officer, Tony Park, and FGL Holdings’ CEO, Chris Blunt will participate in a fireside chat at the KBW Title Insurance Day at 10:00 a.m. Eastern Time on Thursday, June 25, 2020. A live webcast and replay of the presentation […]
COVID-19 Spotlights Retirement Readiness, Sparking Conversations About Annuities
{July 1st, 2020} by Jackson National Life Insurance Company
NASHVILLE, Tenn.–(BUSINESS WIRE)–Jackson National Life Insurance Company® (Jackson®) and the Insured Retirement Institute (IRI) today announced results from a new research study that was fielded in the midst of the COVID-19 global pandemic. Conducted between April 8-17, 2020, the online survey found more than half (55%) of financial professionals believe 25% or more of their client base is […]
US Appeals Court Upholds Reg BI
{July 1st, 2020} by Wire Reports
The 2nd U.S. Circuit Court of Appeals ruled that the Securities and Exchange Commission acted properly in developing Regulation Best Interest and that the rule was not arbitrary and capricious. The court’s decision on Friday means that Reg BI, which establishes a new advice standard for brokers, can take effect as planned on Tuesday. Seven […]
John Hancock’s New Electronic App Platform Streamlines Life Insurance Sales
{July 1st, 2020} by Anthony R. O'Donnell
John Hancock (Boston) has launched a proprietary electronic application platform, JH eApp, designed to significantly streamline and accelerate the life insurance purchasing experience, which has traditionally been time-consuming and cumbersome. The insurer says JH eApp can reduce processing times from weeks to, in some cases, just minutes. The new digital platform is available for applications ages […]
DOL Issues Fiduciary Rule To Harmonize With SEC
{July 1st, 2020} by Steve Morelli
The Department of Labor issued its new fiduciary rule one workday after a federal court upheld the Securities and Exchange Commission’s Regulation Best Interest standard, with which the DOL rule was designed to harmonize. “The standards in the Department’s proposed exemption announced today align with standards of other regulators, including the SEC,” according to a […]
On The Front Lines For Life Insurance
{July 1st, 2020} by Staff Reports
This year has been the worst of all possible worlds for life insurance, an industry that depends on predictability. Historically low interest rates are making it painful even to attempt projecting returns that will support products and sustain remotely attractive crediting rates. Meanwhile, the COVID-19 pandemic is hitting the primary age demographic that the industry […]
What Is An Annuity?
{July 1st, 2020} by Elizabeth Rivelli
Life insurance can provide much needed financial support after retirement and as you get older. It also ensures you can provide for your beneficiaries, such as a spouse or next of kin, after your death. However, life insurance isn’t your only option – some people choose to purchase an annuity instead. An annuity may share a […]
